Articles

FASB & IASB Hold First Meetings on Lease Accounting Project

In mid-2006, the FASB and IASB placed an emphasis on re-writing the current lease accounting rules. While no one can predict the full impact on the leasing industry, the project is certain to take a long time due to the complexity of the various issues. Since the project is in full swing, the Monitor asked Bill Bosco to provide our readers with an update.... read more

Credit Scoring Comes of Age

Many of today’s scoring models are optimized on various transaction types and data sources and are incorporating additional business data from emerging business data repositories. Application-specific pooled models for specialty markets have also become available. Clearly scoring models for small business decisioning are coming of age.... read more

Can Creditors Recover Attorney’s Fees in Bankruptcy Cases?

Creditors are often faced with the dilemma as to whether they can recover their legal fees incurred in a bankruptcy once the lessee or debtor files a bankruptcy petition. In the Travelers’ case, the U.S. Supreme Court tackled the question as to whether a creditor may recover attorney’s fees authorized by a prepetition contract and incurred in postpetition litigation.... read more

Still Impacts Certain Commercial Leasing Transactions

This edition discusses the Fair Credit Reporting Act (FCRA) and its application on commercial leasing transactions. Although not a hot topic in the press, the FCRA still impacts commercial leasing transactions when credit reports are pulled from consumer reporting agencies. Those creditors that do not follow the FCRA can face legal consequences.... read more

Keeping ‘Up to Speed’ & ‘On Track’ With Rail Assets

Over the past 18 years, Railroad Financial Corp. has financed or managed rail equipment in North America and around the world valued in excess of $15 billion. Tony Kruglinski, president of Railroad Financial, provides an overview of the railroad sector, current trends and whether the effort to get “up to speed” on today’s rail equipment finance market is worth the investment.... read more

Teal Group Forecasts Growth in Its World Aircraft Overview

This overview is designed to provide a comprehensive look at the business of building aircraft. The numbers are drawn from Teal Group’s market and program forecasts, so this represents the top of the Civil Aircraft Briefing and World Military “forecast pyramid.” All value figures are given in 2006 dollars.... read more

2007 Outlook of What CFOs Expect

Six hundred CFOs were asked their opinions on the economy, financing, M&A activity and their involvement in foreign markets in Bank of America Business Capital’s ninth annual CFO Outlook. Conducted by an independent research firm, respondents were surveyed from late August to early October 2006. ... read more

Is Alternative Financing Taking Over?

Participants in the specialized lending markets are talking about the growing dominance of hedge funds and other alternative sources of capital. Many believe this is a misconception. Diversity Capital’s David D’Antonio reviews the common forms of debt leverage in the markets and how readily available they are.... read more

Debt or Equity: How the Classification of Hybrid Securities Can Turn a Good Company Bad

A company that appears to be flying high in the black might actually be neck deep in the red if its financing relies heavily on “hybrid” securities. Issuances of hybrid securities — financial instruments that have qualities of both debt and equity — are on the rise. This article reviews three cases that may guide individuals charged with directing a company’s operations to determine whether hybrid securities should be treated as debt or equity.... read more

Funding Sources Get Down to ‘Brass Tacks’

In 2006, America’s financial industry was riding the wave of economic boom in a market flooded with capital. Though it’s impossible to predict exactly what course the economy will take, one way to start looking is to follow the money. Each year, the Monitor asks leading funding sources to offer their take on the past year, as well as what the next 12 months promise.... read more

United Association of Equipment Lessors

As President of 2007’s UAEL board of directors, Brad Peterson provides an overview of the association, its history and mission, its value to leasing professionals, its member involvement as well as some testimonials from past officers.... read more

Wells Fargo Foothill Lender Finance

While discussing Wells Fargo Foothill Lender Finance with Andrea Petro, she notes the key to being successful is to walk a fine line between going too far in transactions while also maintaining a healthy portfolio. As executive vice president and division manager, she and her team work hard to maintain that balancing act.... read more

National Association of Equipment Leasing Brokers

Robert Otterbacher, NAELB’s current president, discusses the state of the association, its history, ethics, education efforts, and what he sees for equipment leasing brokers, as well as what NAELB is preparing for this year’s conference in Nashville.... read more

Leasing Brokers ‘Size Up’ Their Industry for 2007

In speaking with leasing brokers for this year’s issue, our participants brought many themes to the table. One common thread: Know your funders, know your customers, and above all, let them know you. From their perspective, that’s the only way to sew up the deal.... read more

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Terry Mulreany
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Susie Angelucci
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