Fundamentals of Leasing

Course overview: CLICK HERE FOR ADVANCED LEASE FINANCE This three-day Fundamentals of Leasing training course focuses on the major legal issues and procedures that exist in the area of leasing. Designed for professionals who are newly involved in leasing as well as those with some experience of the area, the course provides an opportunity to develop the skills and knowledge necessary to compete effectively in today's leasing market. The course aims to provide the participants with a comprehensive overview of leasing as a method of finance, demonstrating the benefits of lease transactions for both the lessor and lessee. With over 15 years experience in lease training and consulting, Euromoney legal training's expertise is unparalleled. Leasing professionals from banks, equipment manufacturers, finance companies and service providers throughout the world benefit from our benchmark services and products. Our courses also provide invaluable networking opportunities. How this course will help you: You will: Gain an overview of recent developments in the leasing industry Enhance your knowledge of leases as funding alternatives Understand the concept of time value money Learn effective credit risk assessment techniques Master lease evaluation methods Develop a thorough understanding of key legal and tax issues Improve your knowledge of asset management and residual values Identify successful remarketing strategies Become familiar with big ticket leasing Who should attend: The course is designed for executives from banks, leasing companies, finance houses and equipment manufacturers. It will provide invaluable information particularly to: Risk managers Asset managers Sales personnel Financial controllers Project finance managers Business development managers Equipment vendors Corporate financiers Bankers Lessors Lessees Advisors
Day 1 Introduction to leasing Development of finance leasing Other asset finance products The leasing market Interest rates Simple/compound APR, IRR, etc Time value of money Net present value Mechanics of discounted cash flow Basic lease evaluation Lessor funding costs Rental profiles Calculating rentals Residuals and balloons Commissions and subsidies Tax considerations Capital allowances Tax capacity Deferred tax Value added tax Day 2 Lessor accounting Generally accepted accounting principles (GAAP) IAS 17, SSAP 21, SFAS 13 Tax based leases Finance and operating leases Income allocation Accounting and tax depreciation Balance sheet presentation Lessee accounting Lessee balance sheet issues Finance and operating leases Finance lease obligations Depreciation Legal and documentation Basic principles – contract law Statute law Standard documentation: terms and conditions Guarantees Assignments Insurance Defaults and problem cases Credit control and collections Warning signs Termination procedures Asset repossession and disposal Other legal remedies Fraud Asset management Inspection rights Residual value calculation Return conditions Equipment re-marketing End of lease arrangements Third party/manufacturer purchase agreements Introduction to structured finance (big-ticket leasing) Cross-border leasing structures US leveraged leasing Double-dip lease structures Defeasance Synthetic leasing Recent developments in the leasing industry Impact of accounting developments Growth of operating leasing The future of finance leasing