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Financial Covenants: Why They are Coming Soon to a Lease Near You
By Barry S. Marks and James M. Johnson, PhD
Winter 2010
Traditional equipment leasing has focused on the equipment collateral rather
than the lessee’s overall financial condition. Financial covenants can be
useful for tailoring a lease to specific situations and exposures. However,
careful drafting is essential to their effectiveness, as is ongoing monitoring.
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| Leasing and Learning in a Down Economy, From a Lawyer's Perspective
By Barry S. Marks
Winter 2010
Stated simply, there is less money to fund good deals and fewer very good deals
to be had. So what measures can lessors take, from a legal standpoint, to
survive the downturn but also to gear up to catch the next wave when the
economy turns around?
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| Captive Finance Firms in a Challenging Economy
By Cameron Krueger, Steven Byrnes and Christine Williams
Winter 2010
The changing market landscape is showing just how diverse captive leasing firms
are in terms of the value they deliver to their parent organization. Thus,
parents must pay attention to some key metrics. /this article shows how some
traditional measures of success relate to captives.
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| How Good is Your Credit-Scoring Model?
By Albert Fensterstock
Winter 2010
Even though there are various ways to discover how well a company’s
credit-scoring models are performing, no method can replace the most critical
part of a performance evaluation system: the validation or revalidation of
existing models.
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