Risk Management 2010
January/February
Equipment Managers Prove Their Worth as Economy Makes Slight Advances at Recovery
Poised to Defend the Bottom Line
By Christopher Moraff
February marks the first official gathering of asset managers since the end of the recession, when the Equipment Leasing & Finance Association convenes its 2010 Equipment Management Conference in Tucson, AZ. In anticipation, the Monitor reached out to five of the industry’s leading asset managers — including the chairperson of this year’s conference planning committee — to see what the past two years have been like, what people will be talking about and what’s in store for 2010.
Making a Case for Leasing & Financing Independents
By Monitor Staff
In this issue, we decided to chat with Bob Rinaldi, former president of National City Commercial Capital Company (NC4) Canada, and executive vice president of NC4. Here he describes what he feels is the current economic climate for the equipment leasing and financing industry and what independent lessors should be considering now that the tide is starting to turn for the better.
2010 Outlook of What CFOs Expect
By Joyce White
The following article explores the results of the 12th annual survey of mid-size and large U.S. manufacturing company CFOs commissioned by Bank of America Business Capital. Phone interviews were conducted from mid-August to mid-October 2009.
A Look at the Credit Side
Tough Times Teach Valuable Lessons, Refocus Priorities
By Monitor Staff
This is the first of a special series devoted to conversations with key executives of Monitor 100 companies. In the series, we will address topics related to the overall editorial theme of the issue at hand. In terms of risk management, who better to launch this column than Andrew Mesches?
TD Equipment Finance
Increasing Franchise Value ‘On All Fronts’
By Stuart P. Papavassiliou
Anthony Sasso is upbeat about the future. And these days, that’s saying a lot. As the leader of TD Equipment Finance, he shares his outlook for the equipment leasing industry as a whole and where his operation fits inside of the TD Bank franchise. Armed with a customer-centric culture, committed leadership and a strong team of professionals, Sasso finds it somewhat difficult to contain his enthusiasm.
Operating Leases: Balancing Risk Management and Customer Value
By Shawn Halladay
Indeed, there are opportunities for lessors willing to offer operating leases. Successfully managing residual risks in today’s market, however, requires a fundamental change in approach. Creating value for the customer in this manner will require new methodologies and rigor. The opportunity is there. Who’s ready to take the step?
Court Decision Marks the End of the Road for the Chapter 7 Ride-Through Option
By Lesley Anne Hawes
Under the ride-through option, debtors had an option in bankruptcy … to retain vehicles without reaffirming the debt and without redeeming the collateral. They could simply continue to make the monthly payments. If the debtor defaulted, lenders could repossess. However the Ninth Circuit of Appeals recent decision in the Dumont case may have taken that option away.
A Question of Form or Substance
Two Cases for Consideration
By Kenneth P. Weinberg
This edition of Dispatches From the Trenches discusses: whether an assigned lease is part of the assignor’s bankruptcy estate; and whether a lessee has a valid cause of action if a lessor misrepresents that the “lease” is really a loan. Mixed goods and services transactions and conflicting choice of law provisions are also mentioned.
