Equipment Leasing
Frank J. Fabozzi Series
4. Auflage Januar 2000
472 Seiten, Hardcover
Wiley & Sons Ltd
Equipment Leasing is a practical reference for financial managers who need background information, and an understanding of how leasing can be utilized as a cost-effective means of equipment financing-especially under the new tax law in the United States. It explores various types of leases, including single investor leases, leveraged leases, tax requirements for true leases' and lease-buy economic analysis. This invaluable resource includes the background and basics of equipment leasing, history of leasing, synthetic leases, financial reporting of lease transactions by lessees, operating a leasing company, and much more.
1. The Fundamentals of Equipment Leasing.
2. History of Leasing.
3. Financial Reporting of Lease Transactions by Lessees.
4. Synthetic Leases.
5. Federal Income Tax Requirements for True Lease
Transactions.
6. A Framework for Analyzing the Lease versus Borrow-to-Buy
Problem.
SECTION II: OPERATING A LEASING COMPANY.
7. Considerations in Establishing and Operating a Leasing
Company.
8. Credit Policies and Lease Portfolio Administration.
9. Analysis of Financial Statements of Leasing Companies for
Purposes of Lending to or Investing in Leasing Companies.
10. Concerns of Manufactures/Vendors in Establishing a Product
Sales Financing Program.
11. Lessor Concerns with Disposition of Residuals.
12. Guidelines for Obtaining and Maintaining Adequate Insurance
Coverage.
SECTION III: LEASE DOCUMENTATION FOR A NONLEVERAGED LEASE
TRANSACTION.
13. Terms of a Typical Nonleveraged Lease.
14. A Typical Lease Schedule.
15. Other Lease Documents.
SECTION IV: LEVERAGED LEASES.
16. Leveraged Lease Fundamentals.
17. Arranging and Documenting a Leveraged Lease.
18. Pricing and Analysis of Leveraged Leases.
SECTION V: STRUCTURED FINANCE FOR LEASING COMPANIES.
19. Securitization and Other Structured Finance Techniques for
Equipment Leasing Companies.
Appendix: Historic Milestones in Equipment Leasing.
Glossary.
Index.
over thirty-five years of experience. He is generally credited with
being one of the inventors of leveraged leasing and synthetic
leasing. Up until 1998 he headed Mitsui Nevitt Capital Corporation
for ten years. Prior to that, he served for ten years first as
President then as Chairman of BankAmeriLease. Nevitt was also the
founder and president of two other leasing companies, GATX Leasing
Corporation and First Chicago Leasing Corporation. Nevitt now
provides advice to leasing companies as a consultant. He has
authored two other books and over 100 articles and booklets on
leasing and equipment financing.Mr. Nevitt is an attorney and
received his BS and JD from Northwestern University.
Frank J. Fabozzi is editor of the Journal of Portfolio Management
and an Adjunct Professor of Finance at Yale University's School of
Management. Frank is a Chartered Financial Analyst and Certified
Public Accountant. He is on the board of directors of the Guardian
Life family of funds and the BlackRock complex of funds. He earned
a doctorate of economics from the City University of New York in
1972 and in 1994 received an honorary doctorate of Human Letters
from Nova Southeastern University. Frank is a Fellow of the
International Center for Finance at Yale University.
