Presentation on the topic “Leasing operations. Presentation on the topic "leasing" Financial lease agreement leasing presentation

Possibilities of financing purchased equipment on the terms of financial lease (leasing)

Capital structure 99.99% of shares are owned by the Government of the Russian Federation Russian Federation» International credit rating Fitch BB+, Russian credit rating AA(rus) Authorized capital, billion rubles Contracts signed, billion rubles per year: 33% of the total volume of contracts for the entire period of work Is the executor of the State Program and the Anti-Crisis Plan of the Government of the Russian Federation JSC " Rosagroleasing” ensures the fulfillment of the tasks set by the Government of the Russian Federation to provide domestic agricultural producers with modern agricultural machinery, high-tech livestock breeding equipment and highly productive breeding stock 2 JSC “Rosagroleasing”

33 The company is represented in 79 regions of the Russian Federation. The final recipients of equipment and breeding stock are more than farms Geography of activities of JSC Rosagroleasing

4 Combines supplied by OJSC Rosagroleasing annually harvest up to 20% of the total crop in the country 4 OJSC Rosagroleasing Quality indicators of OJSC Rosagroleasing Tractors supplied by OJSC Rosagroleasing cultivate 17% of arable land in the Russian Federation

5 Agricultural machinery can be purchased under the terms of federal leasing, the commercial direction of OJSC Rosagroleasing, as well as within the framework of special programs of OJSC Rosagroleasing projects are carried out at the most optimal for the recipient market conditions Federal leasing Commercial leasing As part of the implementation of the State Program, material and technical resources are transferred to agricultural producers on preferential terms The list of material and technical resources supplied under the state program is determined by the relevant register approved by the Ministry Agriculture RF Special Leasing Programs New leasing conditions under the Russian Government's plan for anti-crisis measures. The term has been extended to 2010. New leasing conditions within the framework of the plan of the Government of the Russian Federation on anti-crisis measures. The term has been extended to 2010. As part of the program, agricultural and automotive equipment is supplied

Initial (purchase price) rub. Leasing term15 years Down payment amount (7% of the purchase price) rub. The amount of the annual lease payment RUB. Periodicity of leasing payments quarterly, uniform Increase in price from the purchase price per year 2% Increase in price for the entire period (15 years) 30% Total amount of the lease agreement rub. An example of calculating lease payments for a complex of agricultural equipment for the cultivation of wheat, peas, rapeseed, soybeans, corn, sunflowers using the minimum tillage technology (based on class 1.4-3 tractors on an area of ​​1000 hectares) Contract term - up to 15 years. The amount of the down payment - from 7%. Rise in price per year from the purchase price - 2%. Rise in price for the entire term of the contract (15 years) - 30%. Frequency of payments: quarterly / semi-annual / annual. Conditions for the purchase of agricultural machinery 6 OJSC Rosagroleasing Federal lysine: agricultural machinery

Initial (purchase price) rub. Lease term5 years Advance payment amount (10% of the purchase price) rub. The amount of the annual lease payment RUB. Periodicity of lease paymentsQuarterly Increase in price from the purchase price per year2.4%2.4% Increase in price for the entire term (5 years)12% Total amount of the lease agreement rub. An example of payment calculation for logging equipment Contract term - up to 5 years. The amount of the initial payment - from 10%. Rise in price per year from the purchase price - 2.4%. Rise in price for the entire term of the contract (5 years) - 12%. Periodicity of payments - uniform quarterly. Conditions for the acquisition of logging equipment 7 Federal lysine: logging equipment of JSC Rosagroleasing

Initial (purchase price) rub. Lease term15 years First payment amount (7% of the purchase price) rub. The amount of the annual lease payment RUB. Appreciation of the purchase price per year * 2.3% Appreciation for the entire period (15 years) 34.5% Total amount of the lease agreement rub. An example of calculation of leasing payments for a KAMAZ vehicle within the framework of anti-crisis measures Contract term - up to 15 years Advance payment amount - 0%. The first lease payment - from 7% 12 months after the lease. The second lease payment 18 months after the lease, subsequent payments - quarterly. Rise in price per year from the purchase price - 2.3%. The rise in price for the entire lease term is 35.5%. Conditions for the supply of agricultural and automotive equipment 8 Special program for anti-crisis measures under the plan of the Government of the Russian Federation: agricultural and automotive equipment Rosagroleasing JSC * Increase in the cost of the leased asset per year as a percentage of its original purchase price.

Submission of documents for consideration Consideration of the application at the Credit Committee Conclusion of the contract Payment of the initial fee Shipment, signing of the act of acceptance and transfer Settlements under the contract during the leasing period required documents: 1. Application 2. Copies of statutory and financial documents 3. Guarantee provision List of required documents: 1. Application 2. Copies of statutory and financial documents 3. Guarantee provision

The subject of leasing is vehicles and agricultural machinery for enterprises of the agro-industrial sector of the Russian Federation. The currency of the leasing agreement is rubles. The advance payment of the lessee is 3% of the cost of the equipment. The lease term is 5 years. Rise in the cost of the subject of leasing - from 9% per year. Conditions for financing leasing agreements under credit lines of Russian banks 10 Commercial leasing: agricultural machinery and technological equipment OJSC Rosagroleasing The subject of leasing is imported technological equipment of foreign manufacturers under the guarantees of export agencies of the exporting countries. The currency of the leasing agreement is euro. Advance payment of the lessee - from 10% of the cost of equipment. The lease term is up to 7 years. Rise in the cost of the subject of leasing - from 6% per year. Conditions for financing leasing agreements within the framework of foreign financing To implement the commercial direction of work, OJSC Rosagroleasing attracts funds from Russian and foreign banks. Currently, credit lines are opened in rubles and in euros.

11 Commercial leasing: stages of Rosagroleasing transactions Determination of the subject of leasing and supplier Analysis of the client and final agreement on the terms of delivery Signing of documents, payment and delivery 1. Selection of the subject of leasing and supplier. 2. Initial discussion of the project with the leasing company. 3. Preparation of a preliminary payment schedule. 4. Coordination of the financial terms of the transaction. 5. Request for a package of documents for project analysis. 1. Analysis financial condition enterprise-customer and collateral assessment. 2. Making a decision on financing the deal. 3.Final agreement on delivery terms. 4.Coordination of leasing and supply agreements. 1.Signing of leasing, purchase and sale agreements, pledge. 2. Payment of an advance payment under a leasing agreement. 3.Purchasing equipment and leasing it. 4. Payment of lease payments. 5. Transfer of ownership of the subject of leasing to the Lessee. 123

By clicking on the "Download archive" button, you will download the file you need for free.
Before downloading this file, remember those good essays, control, term papers, theses, articles and other documents that lie unclaimed on your computer. This is your work, it should participate in the development of society and benefit people. Find these works and send them to the knowledge base.
We and all students, graduate students, young scientists who use the knowledge base in their studies and work will be very grateful to you.

To download an archive with a document, enter a five-digit number in the field below and click the "Download archive" button

Similar Documents

Investment lending process. Relationship between lender and borrower. The concept of leasing is a loan that differs from a traditional bank loan in that it is provided by the lessor to the lessee in the form of property transferred for use.

control work, added 12/07/2011


Review and analysis of existing research in the field of leasing. Basic methods for evaluating leasing contracts. Market features and prerequisites for the development of financial leasing. Characterization of theories and models of financial leasing, assessment of their key parameters.

test, added 09/23/2016


The study of the concept and principles of leasing - such financial and property relations, when one organization turns to another with a request to purchase the equipment it needs and transfer it for temporary use on certain conditions.

term paper, added 01/21/2011


The concept and types of leasing. Types of leasing, their content and features. The main features of financial leasing. Advantages and disadvantages of leasing as a source of financing. The financial cycle and the duration of one turnover of working capital elements.

term paper, added 09/24/2014


Basic concepts and types of financial leasing, functions and principles. Objects and subjects of leasing, its advantages and differences from rent. Legal regulation leasing in the Russian Federation. tax incentives. Leasing company "Delta Leasing" - analysis of activities.

term paper, added 05/04/2008


The main elements of the contract of leasing agreements and its development. Leasing payments in the investment sphere and directions for improving financial leasing. Peculiarities accounting leases and objects of financial leasing. Accounting for lease transactions.

term paper, added 04/16/2014


The essence and subject of leasing as a form of investment in fixed capital. Classification of leasing transactions. Basic features of operational and financial leasing. Investment activities; the process of justification and implementation of effective forms of capital investment.

test, added 01/18/2015

CJSC "Sberbank Leasing": 18 years on the Russian leasing market To promote industrial growth and modernization of the Russian economy in all industries and regions. Help develop small and medium businesses. Contribute to the formation of a middle class in Russia - the basis of a healthy economy. Create one of the best leasing companies in the world, whose success is based on the professionalism and energy of its employees. MISSION About the company 100% subsidiary of Sberbank of Russia Regional network of federal scale - 62 branches, subsidiaries in Belarus, Ukraine, Kazakhstan » According to the results of 2011, the Company was awarded diplomas of the RA "Expert" - "Leading company for working with small businesses - 2011", "Leader of the segment of real estate leasing - 2011", "Leader of the segment - leasing of freight transport - 2011"

Sberbank Leasing is the leader of the leasing market in the Russian Federation 3 Bn. rub. Growth of business scale by 4 times in 3 years TOP-5 in terms of leasing portfolio: Leading positions in the Russian leasing market Sberbank Leasing is in the TOP-3 leasing companies in the Russian leasing market Working with all types of property and target client segments and manufacturers of equipment and vehicles

Table of contents 4 1Advantages of leasing for the client5 2Sberbank Leasing product showcase8 3Leasing of passenger cars9 4Leasing of commercial vehicles10 5Leasing of trucks11 6Leasing of special equipment12 7Leasing of buses13 8Scheme of providing retail leasing products14 9Contact information15

Leasing is the best tool for financing projects 5 Bank loanFinancial leasing What is financed? All types of property, preference for liquid types of property Movable property Vehicles; Special equipment Availability of receipt Analysis of financial. condition of the borrower The need for additional collateral for the transaction A more extended list of documents For the most liquid property - taking the risk of leasing with minimal requirements for the borrower Minimum advances No additional collateral Minimum list of documents Cost Low cost of financing No commissions Compared to a loan, there are commissions Use of accelerated depreciation Attribution of lease payments to prime cost Possibility of offsetting VAT on lease payments Services None Assistance in collecting documents Client-oriented approach Specific features None Off-balance sheet accounting Savings working capital

Leasing is the best tool for financing projects. Calculation example. 6 INITIAL DATA COST OF VEHICLES INCLUDING VAT VALUE OF VEHICLES EXCLUDING VAT ADVANCE 30% LEASING/LOAN TERM36 LEASING PAYMENT EXCLUDING VAT AMORTIZATION PERIOD108 ACCELERATED AMORTIZATION RATIO3 PROPERTY TAX2.20% VAT2.0%280.00 PROFIT TAX

Leasing is the best tool for financing projects. Calculation example. 7 Cash flows for the lessee of the Lising Credit economy, the implementation of an advance payment of VAT Payment of property tax payment repayment of the value of funding for the payment of VAT for the acquisition of the acquisition of VAT Reducing income tax (3 years) Total reference to the references from the possession of the total CUSTOMER COSTS RESULT SAVINGS IN LEASING IN ABSOLUTE SAVINGS IN % COMPARED TO THE LOAN 13.29% SAVINGS IN % OF THE INITIAL PRICE OF TARNPORT 12.74%

Sberbank Leasing product showcase 8 Financing features Competitive advantages For each type of property, 2 financing options are provided Standard - for Clients who want to minimize monthly lease payment costs Light - for Clients who want to minimize the volume Money for advance payment Minimum package of documents Special conditions from leading manufacturers of automotive and special equipment for customers of Sberbank Leasing CJSC Prompt decision-making on a transaction Customer-oriented approach Freight transport Freight transport Passenger transport Passenger transport Light commercial transport Light commercial transport Special equipment Buses

Car leasing 9 New Cars of Russian and foreign production with up to 8 seats Product parameters StandardLight Advance payment from 20% from 10% Increase in price from 5.08% from 6.94% Amount of financing for 1 leasing object No more than 6 million rubles Financing limit for the client No more than 12 million rubles Term of the leasing agreement12 , 24, 36, 37 months Payment schedulenuity and evenly decreasing payments Funding currencyRussian rubles Transaction resolution period from 3 business days individual entrepreneurs carried out only on the balance of the Lessor

Leasing of commercial vehicles 10 Product parameters StandardLight Advance payment from 25% from 15% Increase in price from 5.09% from 6.95% Amount of financing for 1 subject of leasing Not more than 6 million rubles Financing limit for the client Not more than 12 million rubles Term of the leasing agreement 12, 24, 36, 37 months Payment schedule annuity and evenly decreasing payments Funding currency Russian rubles Term for the decision on the transaction from 3 working days Balance holder to choose from lessor or lessee* New lightweight commercial vehicles and trucks with a maximum authorized weight of up to 5 tons Leasing of commercial vehicles Leasing of commercial vehicles * Accounting for the subject of leasing for transactions with individual entrepreneurs is carried out only on the balance of the Lessor

Leasing of trucks 11 General purpose trucks, truck tractors, dump trucks, trailers and semi-trailers. The permitted maximum weight of the object of leasing must be over 5 tons, but should not exceed 35 tons Leasing of freight transport Product parameters StandardLight Advance payment from 25% for cars of foreign manufacturers; from 30% for cars of Russian manufacturers and manufacturers of CIS countries; from 15% for cars of foreign manufacturers; from 25% for cars of Russian manufacturers and manufacturers of the CIS countries. Increase in price from 4.97% from 6.82% Amount of financing for 1 subject of leasing Not more than 6 million rubles Financing limit for the client Not more than 12 million rubles Term of the lease agreement12, 24,29, 36, 48 months 3 working days Balance holder to choose from lessor or lessee*

Leasing of special equipment 12 Self-propelled machines and mechanisms of general purpose, certain types special equipment Product parameters StandardLight Advance payment from 35% from 25% Increase in price from 5.37% from 7.29% Amount of financing for 1 subject of leasing Not more than 6 million rubles Financing limit for the client Not more than 12 million rubles Term of the lease agreement 21, 24, 36 months Payment schedule annuity and evenly decreasing payments Financing currency Russian rubles Transaction processing time from 3 working days Balance holder to choose from lessor or lessee* Leasing of special equipment Leasing of special equipment * Accounting for the subject of leasing for transactions with individual entrepreneurs is carried out only on the balance sheet of the Lessor

Bus leasing 13 Buses small up to 7m and medium up to 12m Product parameters StandardLight Advance payment from 35%from 25% Increase in price from 5.37% from 7.29% Amount of financing for 1 subject of leasing No more than 6 million rubles Financing limit for a client No more than 12 million rubles Term of the leasing agreement 24, 36 months Payment schedule annuity and evenly decreasing payments Funding currency Russian rubles Transaction processing time from 3 working days Balance holder to choose from lessor or lessee * Bus leasing

General scheme Leasing 14 Seller of property Lessee 1. Conclusion of a leasing agreement 2. Conclusion of a purchase and sale (supply) agreement 3. Payment of an advance payment under a leasing agreement 4. Payment of property to the seller 5. Acceptance of property by an employee of Sberbank Leasing 6. Issuance of property to the lessee Leasing agreement Purchase agreement -sales (deliveries) 2 km SBL 5 6

Contact information 15 Company nameCJSC Sberbank Leasing AddressMoscow, Vorobyovskoe shosse, 6 Address of the Kazan branch Kazan, st. Ershova, d. 1A (BC "Korston"), office 867, 865 Director of the branch Ibragimov Renat Minnetagirovich Phone (843) Fax (843) Website

Leasing (English leasing from English to lease
rent) - view financial services,
associated with the form of acquisition
fixed assets.
The subject of leasing are any
non-consumable items, including
enterprises, buildings, structures,
equipment, vehicles and
other movable and immovable property,
which can be used for
entrepreneurial activity.

Types of leasing.
By volume of service
leased property:
Net lease if all maintenance
leased property takes on
yourself lessee
Full service leasing when
the lessor is responsible for the full
rental property maintenance
Leasing with a partial set of services, when
the lessor is entrusted with only certain
property maintenance functions

By duration:
Short-term leasing (up to 1 year)
Medium-term leasing (from 1 to 3 years)
Long-term leasing (more than 3 years)
For the intended purpose:
Valid leasing
Fictitious leasing (the goal is pursued
earn more profits through
tax and depreciation benefits)

By degree of payback:
Leasing with a full payback, in which
during the term of one contract
full payment to the lessor
value of the leased property
Leasing with incomplete payback, when in
During the lease term, only part of the
leased property
Participants' intentions:
Term leasing - one-time (for one
term) leasing
Revolving lease - renewing
after the first term of the contract

According to the composition of its participants:
Direct leasing, in which the owner
property independently leases it.
Direct leasing can only be bilateral and
organized by two participants: the lessor and
tenant
Indirect leasing - when in a leasing operation
other than the lessor and the lessee
other business entities are involved.
Indirect leasing can be classified as:
1.
tripartite leasing (supplier lessor - lessee)
2.
multilateral leasing - with the number of participants
from 4 to 7 or more (there are secondary
participants servicing leasing
relationship: bank, Insurance Company, and others)

Leasing is distinguished by payments
1. By form of payment:
cash payments when settlement
made with cash
compensatory payments when calculations
are produced either as commodities or through
provision of counter services to the lessor
mixed payments, when along with
cash payments are allowed
payments for goods or services

Features of the leasing transaction:
the life of the property and the principal term of the lease
approximately equal
if the service life of the equipment
much more than the original
lease, the lessee has the right to either
extend the contract, or buy the equipment
lessee's obligation to reimburse
loss to the lessor when selling equipment
at the end of the lease term. If a financial results
from the implementation are positive, the lessor
must receive at least 25% of their value

Financial leasing takes place only in
in the event that:
the lessor buys the equipment
before its subsequent lease;
the lessor provides
the lessee the possibility of redemption
property at a predetermined price,
taking into account the size in advance
made lease payments;
the lessee uses
production equipment or
commercial activities.

ADVANTAGES OF LEASING.

leasing assumes 100% financing and does not require
quick repayment of the entire amount of the debt
the lease provides financing to the tenant in the exact
in line with the need for financed assets. This is especially
beneficial to small borrowers, for whom it is simply impossible to
convenient and flexible financing through loans or
revolving credit, which is received by more established companies.
The leasing agreement can be developed taking into account
specific features of tenants
many tenants have long-term financial plans, in
during the implementation of which they financial opportunities in
largely limited. Leasing allows you to overcome such
restrictions and thus promotes greater mobility when
investment and financial planning
Leasing increases the tenant's flexibility in making decisions. At that
time, as when buying, there is only an alternative "do not buy",
when leasing, the tenant has a wider choice. From leasing
contracts with different conditions, the tenant can choose the one
which most closely matches their needs and capabilities

Leasing (English leasing from English to lease to lease) is a type of financial services associated with the form of acquisition of fixed assets. The subject of leasing is any non-consumable things, including enterprises, buildings, structures, equipment, vehicles and other movable and immovable property that can be used for business activities.

Types of leasing. By the volume of maintenance of the leased property: Net leasing, if the lessee undertakes all maintenance of the leased property Leasing with a full range of services, when the lessor is entrusted with the full maintenance of the leased property Leasing with a partial set of services, when only certain functions are assigned to the lessor property maintenance

By duration: Short-term leasing (up to 1 year) Medium-term leasing (from 1 to 3 years) Long-term leasing (more than 3 years) By purpose: Real leasing Fictitious leasing (the goal is to get more profit through tax and depreciation benefits)

According to the degree of payback: Leasing with full payback, in which, during the term of one contract, the cost of the leased property is fully paid to the lessor Leasing with incomplete payback, when only part of the leased property is paid off during the leasing period According to the intentions of the participants: term) leasing Revolving leasing - renewing after the expiration of the first term of the contract

According to the composition of its participants: Direct leasing, in which the owner of the property independently leases it. Direct leasing can only be bilateral and is organized by two participants: the lessor and the lessee. Indirect leasing is when other economic entities participate in the leasing operation in addition to the lessor and the lessee. Indirect leasing can be classified as: 1. trilateral leasing (supplier - lessor - tenant) 2. multilateral leasing - with the number of participants from 4 to 7 or more (there are secondary participants serving leasing relations: a bank, an insurance company, and others)

Leasing is distinguished by payments 1. By the form of payment: cash payments, when the settlement is made at the expense of cash compensatory payments, when the settlements are made either in goods or by providing a counter service to the lessor mixed payments, when payments in goods or services are allowed along with cash payments

2. By the frequency of payments: periodic payments (annual, quarterly, monthly) paid according to the schedule agreed by the parties, which is attached to the leasing agreement lump-sum payments applied in combination with periodic installments, if an advance payment to the lessor is provided

3. According to the method of paying lease payments, there are: payments with equal shares, providing for equal payments by the lessee to the lessor, during the entire period of the leasing operation, payments with increasing amounts (at the initial stage of leasing, it is more convenient for the lessee to make rent in small installments, and then, as the equipment is mastered and the rate of production of products manufactured on it is increased, one-time commissions are increased throughout the entire leasing operation) payments with decreasing amounts (in the initial period of the leasing, the lessee prefers to pay off most of his debt)

By market sector: Domestic leasing, when all participants in the leasing operation are residents of one country. External (international) leasing. International leasing includes those operations in which at least one of its participants is not a resident of the country in which the leasing operation is carried out, or all the leasing participants represent different countries. 1. export leasing (in case of export leasing, the lessee is the foreign party and the equipment intended for leasing is exported from the country under the terms of the export contract) 3. transit leasing, in which all participants are in different countries.

By type of leased assets: Leasing of physical assets Leasing of movable property (machine-technical leasing); leasing real estate(long-term lease of buildings and structures): leasing of industrial property leasing of non-industrial property

Forms of leasing: domestic leasing international leasing with subleasing Subleasing is a type of sublease of the subject of leasing, in which the lessee, under a leasing agreement, transfers to third parties (lessees under a subleasing agreement) for possession and use for a fee and for a period in accordance with the terms of the subleasing agreement the property received earlier from the lessor under a leasing agreement and constituting the subject of leasing.

A typical leasing transaction looks like this: 1. The user (after entering into a leasing relationship, the lessee) informs the leasing company what equipment he needs. 2. The leasing company, having convinced itself of the liquidity of the project, buys this equipment from the manufacturer, or another legal or natural person selling the property that is the object of leasing. 3. The leasing company (lessor), having become the owner of the equipment, transfers it for temporary use with the right of further redemption (determined by the agreement) to the lessee, receiving lease payments in return. A typical leasing transaction looks like this: 1. The user (after entering into a leasing relationship, the lessee) informs the leasing company what equipment he needs. 2. The leasing company, having convinced itself of the liquidity of the project, buys this equipment from the manufacturer, or another legal or natural person selling the property that is the object of leasing. 3. The leasing company (lessor), having become the owner of the equipment, transfers it for temporary use with the right of further redemption (determined by the agreement) to the lessee, receiving lease payments in return.

There are three parties involved in the transaction: Lessor - a participant who acquires ownership of the Lease Subject and transfers it to the Lessee for temporary possession and use under the terms of the Lease Agreement; Lessee - a participant who, under the terms of the Lease Agreement, accepts the Lease Subject for temporary possession and use for business purposes; Seller – a person chosen by the Lessee who transfers the Lease Subject to the ownership of the Bank on the basis of the Sale and Purchase Agreement for the purpose of its further transfer to the Lessee for temporary possession and use for business purposes under the terms of the Lease Agreement.

USA In the leasing market, US companies are the most prominent and largest. The level of development of leasing relations in the United States is evidenced by the number of associations uniting participants in the leasing market: Equipment Leasing Association Western Association of Equipment Leasing Companies (Western Association of Equipment Lessors) Eastern Association of Equipment Leasing Companies (Eastern Association of Equipment Lessors National Vehicle Leasing Association Truck Renting and Leasing Association American Automotive Leasing Association

In the US, in order for a transaction to qualify as a financial lease, the transaction must have the following characteristics: the lessor must have a minimum investment in the leased equipment of at least 20% of its value; the lease period shall not exceed 80% of the life of the equipment; equipment at a price below it market value, determined at the time of the application of this right The most popular in the US is the leasing of motor vehicles. This type of leasing is more often used by banks when they act as lessors.

Germany Germany's largest leasing companies are leading in Europe and occupy high positions in the global rankings. This is largely due to the level of qualification of personnel, extensive experience of companies in the market (for years), the availability of the necessary funding on terms acceptable to customers. In Germany, financial leasing is defined as an agreement entered into for a fixed period during which normal termination of the contract is not possible, and the lease payments during this period cover at least the costs of acquisition or production plus additional costs, including refinancing costs, from the lessor 11. Such leasing is commonly referred to as leasing with full payment (full - pay - out - lease).

Features of the leasing transaction: the life of the property and the main lease term are approximately equal if the life of the equipment is significantly longer than the initial lease period, the lessee has the right to either extend the contract or buy the equipment the lessee’s obligation to compensate the lessor for losses in the sale of equipment at the end of the lease term . If the financial results from the sale are positive, the lessor must receive at least 25% of their value

Japan In Japan, financial leasing is defined as a transaction that satisfies the following two main requirements: 1. the lease term is fixed and the total amount of the lease payment is determined to approximate the total cost of acquiring the leased equipment 2. it is prohibited to cancel the lease agreement during the period his actions

A financial lease is considered a sale transaction if one of the following criteria is met: it is agreed that at the end of the lease period, the leased object will be transferred to the lessee for a zero or nominal cash consideration; for a special purpose specified by the tenant, so that as a result it is difficult to use the object for any other purpose, the lease period is shorter than 70% of the statutory life of the leased object (60% if this life is 10 years or more), and the tenant has the right to purchase

Financial leasing (credit - bail) takes place only if: the lessor buys the equipment before its subsequent lease; the lessor provides the lessee with the opportunity to buy out the property at a predetermined price, taking into account the amount of previously made lease payments; the lessee uses the equipment for production or commercial activities.

In Kazakhstan, the financial lease mechanism, as well as the very concept of "leasing", over the past decade has remained a new, unknown, and therefore less popular source of financing for both the majority of SMEs and ordinary individuals- potential retail borrowers. Having appeared in the country in the mid-1990s, along with many other innovative financial instruments at that time, leasing gained popularity gradually and slowly, patiently waiting in the wings. Significant depreciation of fixed assets, most of which were put into operation in the middle of the last century, as well as a number of advantages of a leasing transaction over traditional bank lending - these are the factors that contributed to the rapid development of leasing in the country.

To date, leasing, including financial, remains insufficiently demanded in Kazakhstan, although the use of this financial instrument will solve many problems of economic development and social policy. The main reason is that the domestic market of leasing services has unresolved problems of a legal, institutional, organizational and technical nature. The limiting factors include, first of all, the imperfection legislative framework implementation of leasing transactions, since the Law "On Financial Leasing", the Civil, Tax and Customs Codes are subject to significant specification. Also the absence modern infrastructure the market for leasing services, including the limited conditions for obtaining the necessary information; failure modern technologies for organizing and conducting more complex leasing operations, including at the international level. Kazakhstan has not yet acceded to the 1988 International Convention on Financial Leasing.

There are high risks on the market, the terms of financing are limited, with a high level, with a high level of down payment and the cost of resources. There is no methodology for rapid assessment of the effectiveness of leasing investment project. Leasing companies do not fully study the needs of various manufacturers and regions of the republic in equipment and technologies. At the same time, many small and medium-sized businesses do not understand the profitability and prospects of leasing. As practice shows, leasing operations will be attractive and effective for all participants only if there is a high-quality business plan, the preparation of which still seems to be problematic for many. Considering overseas experience, it can be assumed that operational leasing should receive further development. In this case, the lessee returns the equipment to its owner after the expiration of the leasing period, and the lessor receives the main income from the sale of this equipment on the secondary market. There should be securitization of leasing obligations, issue valuable papers on the basis of leasing agreements, the organization of equity financing from suppliers, as well as leasing operations.

It seems appropriate to use contractual mechanisms for the distribution of risks between several banks, insurance principles for securing the obligations of the parties. At the current stage of economic development of Kazakhstan, one of the best options for diversifying credit and entrepreneurial risk is to conduct a combined commodity-money scheme of leasing operations, where three leasing entities simultaneously act as investors: a manufacturer, a bank, and a lessee. A significant impetus to the development of leasing, perhaps, will give the experience of using the mechanism of leasing by the state in the aviation industry and in agriculture.

Our country lacks a comprehensive program within the framework of which would be from the following elements: a more developed infrastructure of the leasing services market would be thought out and created, which would include: training of qualified personnel, information coverage of the services provided; providing banks with a wider range of benefits for long-term lending to leasing transactions (more than 3 years); development of a guarantee system to avoid 100% collateral for leasing (eg insurance). along with the measures already taken (the absence of foreign exchange control under international leasing contracts), to strengthen the set of measures to attract foreign investment in the framework of leasing.

Leasing involves 100% financing and does not require a quick repayment of the entire amount of the debt. The lease provides financing to the tenant in exact accordance with the needs of the financed assets. This is especially beneficial for small borrowers, who simply cannot afford the convenient and flexible financing through a loan or revolving loan that more established companies get. The leasing agreement can be tailored to the specific characteristics of the tenants, many tenants have long-term financial plans, during which their financial capacity is largely limited. Leasing overcomes such constraints and thus promotes greater mobility in investment and financial planning. Leasing increases the tenant's flexibility in decision-making. Whereas with a purchase there is only a "no buy" alternative, with a lease the tenant has a wider choice. From leasing contracts with various conditions, the tenant can choose the one that best suits his needs and possibilities. Advantages of leasing.

The specific disadvantages of leasing include the following: the final cost of leasing is usually higher than buying equipment on credit; payments are mandatory and are made on time regardless of the condition of the equipment and the results economic activity; the benefits of accelerated depreciation of equipment accrue to the lessor; increase financial risks enterprises; additional guarantees or collateral are required; legal complexity of the transaction, etc.