The specific content refers to the lessor according to the lessee's choice of leased objects and suppliers, funded to the specific requirements of the supplier to purchase leased objects, and leased to the lessee to use installments, to rent the lessee person to pay the rent, the ownership of the leased object during the lease period belongs to all the lessor, the lessee has the right to use the leased object right. The expiration of the lease, the lessee's rent is paid in full fulfillment of the financial lease contract, that is, the ownership of the leased object belongs to the lessee's obligations under the Ministry of Education. Although the financial leasing transactions, also the lessor equipment purchaser's identity, but the substance of the purchase of equipment, such as the requirements for specific equipment selected by the supplier, the procurement contract negotiation of the lessee's conditions, enjoyment and exercise, the lessee of the basic leased object purchaser. Financial leasing is one of the new financial industries in financing and financing, trade and technology renewal. Because of its financing portfolio and material financial characteristics, when problems arise leasing company can be recovered, deal with the lease, and thus in the capital requirements are not high in the process of enterprise credit and guarantee, it is very suitable for small and medium-sized enterprise financing. In addition, financial leasing is off-balance sheet financing, enterprise liabilities are not reflected in the financial statements, and will not affect the company's credit status. This is very favorable for SMEs that need multiple channels of financing. An important distinction
Leasing is between finance leasing and traditional: traditional leasing takes the time of the lease to the lessee to use the object of the rental calculation, and finance leasing takes the time of the lessee to the rental cost of the financing they have taken. The market economy has developed to a certain stage and produced a strong adaptability of financing, was produced in the 1950s, the United States, a new transaction, because it adapted to the requirements of modern economic development, so in the 1960s to 1970s in today's world of rapid development, has become the financing of renewable equipment, known as one of the main means of "sunrise industries ". In the early 1980s, the introduction of this way of doing business, more than two decades has been developing rapidly, but after compared to the developed countries, the advantages of leasing is still far from being played out, the market has great potential.
Edit the main features of this section
The main feature of financial leasing is financial leasing: ownership due to the form of ownership of the leased object is in order to control the repayment of the rent of the risk of the lessor lessee to take the contract in the end in the end in the end there is no possibility of being transferred to the lessee, and therefore leasing by the lessee to buy the object of choice, but also responsible for the maintenance by the lessee, the lessor only to provide financial services. The principle of rent calculation is: the lessor to lease the object of the purchase price is calculated by the lessee on the basis of time, the lessor funds are occupied on the basis of the rent calculation is based on the interest rate agreed upon by both parties. It is essentially a financial transaction depends on the traditional lease, is a special financial instrument.
Edited varieties of financial leasing
A simple financial leasing financial leasing
It just means that the lease is used by the lessee to choose to purchase the item when the object through the leasing leasing project risk assessment after the lessor for the lessee. Throughout the lease period, the lessee does not have the right to use it, and is responsible for the repair and maintenance of the leased object. Leased object lessor of the quality of the lessee side depreciation does not bear any responsibility for the equipment. 2
Leveraged leasing financial leasing
Similar to the practice of syndicated loans, leasing is a professional large-scale projects do have financial leasing, the main leader by the leasing company as the backbone of the company's tax incentives for the financing of large-scale leasing projects. First of all, set up the leasing company's main operating mechanism - specifically set up the project's fund management company to provide more than 20% of the total amount of project funds, the rest of the funds by the banks and social idle capital mainly absorbed by the use of 100% to enjoy the benefits of low-tax "double bo eight" leveraged approach to obtain a huge amount of funds for rental housing! Project. The rest is basically the same method with financial leasing, but due to its wide range of increased contract complexity. Due to the enjoyment of tax incentives, standardized operation, comprehensive benefits, rental recovery security, low cost, generally for the financial leasing of aircraft, ships, communications equipment and large-scale complete sets of equipment.
3. entrusted financial leasing
Method is own funds or equipment entrusted to engage in financial leasing of non-banking financial institutions, the lessor is also the first, the second lessor of the main is also the trustee. The lessor accepts the principal's funds or the subject matter of the lease, according to the customer's written authorization, the principal lessee to deal with the financial leasing business designated. The subject of the lease in the lease period is owned by the client, the lessor only charges a fee and does not bear the risk. The committee is a major feature of leasing is to let no leasing franchise business, you can "borrow the right" of the enterprise. Leasing relies on e-commerce as a platform for leasing commissions for businesses operating leases.
The second way is the lessor or third-party commission lessee to purchase the leased property, according to the contractual provisions of the lessor to pay, also known as the commission to purchase financial leasing.
Four, project financial leasing
In the project itself and the effectiveness of the lessee as a guarantee to the signing of the project financial leasing contract the lessor, the lessor's property and income than the non-recourse project, the lessee, the rent is only cash flow and the project to determine the revenue. The seller (i.e., the manufacturer of the leased goods) takes this approach to promote its products and expand its market share through its own holding of the leasing company. Communications equipment, medical equipment, transportation equipment, and even to operate highways can use this method right away. Others include return type leases, also known as sale and leaseback financial leases; and sub-financial leases, also known as assignment and financial leases. Edit from the many uncertainties in this paragraph - risk risk
Financial leasing financial leasing is multi-faceted, interrelated business activities to fully understand the characteristics of the various risks to a comprehensive, scientific risk analysis, develop appropriate countermeasures. The types of risk of financial leasing are as follows: Bissell (1) product market risk. In the market environment, whether it is financial leasing, loans or investment, as long as these money is used to buy equipment or technological innovation, the first thing to consider through the leasing of equipment products, which need to understand the sales of the product, the market, the ability to share the market risk sharing rate and share, the product market trends, the structure of consumption, the consumer attitudes and consumption capacity. If you do not fully understand these factors, have not been careful investigation, there may be an increase in market risk.
(2) financial risk. Due to the financial risk of financial leasing property in the financial aspects of the entire business activities. For the lessor, the biggest risk is the ability of the lessee to rent, it directly affects the leasing company's operation and survival, therefore, the risk is also from the beginning of the project to rent, which should cause people's attention.
Currency payments will be risky, especially international payments, payments, payment date, time, way of payment remittance channels and improper selection will increase the risk. Peso (3) transaction risk. As financial leasing has trade attributes, from the risk of receiving orders to trade negotiations to test acceptance is risky. As the development of trade in goods is more complete in modern society also supporting the establishment of appropriate systems and preventive measures, such as letters of credit, transport insurance, commodity inspection, commercial arbitration and credit counseling are taking preventive risk and remedial measures, but due to varying degrees of awareness and awareness of the risk of people, but there are some means of a commercial nature, coupled with factors such as lack of experience in business management, these tools are not available in all such Use of trade risks still exist. Day (4) technology risk. Among the benefits of financial leasing is the first domestic introduction of advanced technology and equipment to other companies. Important reason, the process, technologically advanced or not in practice, advanced technology is mature, proven technology is an infringement of other people's legal and other factors of the right to produce technology risk. Seriously, it will make the equipment due to paralyzing technical problems. Others include economic environment risk, force majeure and so on.
Editorial paragraph on the interpretation of financial leasing
"Contract Law" of the law 237 provides that the lessor chooses the financial lease contract is based on the lessee lease ﹑ seller seller to purchase the leased goods, provided to the lessee to use, the lessee pays the rent of the law of the contract.
Financial leasing is the usual practice of the lessee lessor to finance the purchase of selected technical equipment or other materials, as the lease rent to the lessee, the lessee to use the contract, the realization of the lease period, the right to long-term leased property, according to the duration of the contract to pay the rent in the lease contract expired under the lease disposal.
Financial lease contract has the following three forms of disposal of leased property:
A ﹑ surrender method. After the expiration of the commercial lease contract, the lease contract stipulates that the lease is returned to the lessor, the lessor office rely on their own rent, rent, due to the general expiration of the lease has reached the term of use of the lessee, the lessor resumed hard disk can be rented or sold, so the lease treatment period expires, generally do not use this way method.
Two, the law of renewal. Before the expiration of the lease contract within a reasonable period of time to provide, the lessee should notify the lessor, the lease continues to lease negotiation to determine the renewal, rent, etc., at the expiration of the renewal contract signed at the expiration of the contract law period of the financial lease contract.
Three ﹑ retention of the purchase method. After that, the nominal price of commercial rents to obtain its ownership, the lessee obtains the ownership of the leased property, fixed assets investment, this method, whether for the lessor or lessee, therefore, the expiration of the term of the financial lease contract, the lease beneficial treatment is generally how much it looks like.