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Message From the Executive Director
 Well, hold on to your
seats because the Foundation library just got a little larger. This summer
brings many highly-anticipated studies to industry members. From two new
studies on foreign markets, Brazil
and Mexico,
to a new transportation forecasting series, finding new markets and
profitability has just gotten a little easier. Check out the Foundation store
to download copies of these invaluable research tools. And, while you're there,
feel free to stop by the donor page to make your investment in the Foundation
today. Thanks to the generosity of donors we are able to continue developing new series to assist you in preparing for the future.
Won't you join your colleagues in supporting the Foundation today?
Lisa A. Levine, CAE
Executive Director
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| New Studies Shine Light on Foreign Markets: Mexico Study Debuts
The Foundation's International
Series, researched by The Alta Group, explores four non-European countries. The series has begun to
hit the proverbial streets with two new white papers on Brazil and
Mexico. The first paper on the Brazilian equipment financing market was
first available in June. The second study on Mexico makes its debut
later this month.
Read More
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| Truck & Trailer Study Rolls Into Town
A new Transportation Forecasting Series, released by the EL&FF and researched by Global Insight, Inc., will be a key project for the Foundation in the coming months. The series of papers will focus on specific transportation asset classes including corporate and commercial aircraft, truck & trailer, rail, and marine equipment, with a study published every three months. The first paper focuses on trucks & trailers and is titled, "Commercial Truck and Trailer Leasing and Financing." The next asset class to be investigated will be rail and locomotives.
Read More
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| Must-Read Journal Article Addresses Accounting Project
 The most recent issue of the Journal of Equipment Lease Financing included a comprehensive article on the recent accounting deliberations relating to the accounting for leasing project, a project intended to replace the existing "risks and rewards" based on accounting for leases (FASB 13 and IAS 17) with a "rights and obligations" approach (the New Approach).
Co-authored by Rod Hurd, chief financial officer, Director of Bridgeway Captial Advisors, Inc., and Don L. Weaver, an attorney with Sonnenschein Nath & Rosenthal LLP, the "The Proposed New Approach to Accounting for Leases" article is a must-read for anyone with a keen interest in the project's outcome, including those who are actively engaged in new business development or are responsible for financial planning and reporting activities.
Read More
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| What Leaders Are Reading Now
The Journal of Equipment Lease Financing is a popular read among industry members. Recently, the most popular articles include:
Have a topic you'd like to read about? Suggest it. Please forward ideas to Lisa Levine at llevine@elfaonline.org.
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| Investing in the Foundation
When asked why someone donates, the word "investment" is usually the first point made. The equipment finance industry is no stranger to putting money where it is needed, and the Foundation donations, which continue to flow, prove that industry leaders believe in investing in our mission - keeping a close eye on the future of this industry and helping provide research to turn ideas into reality.
Read More
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| Convention Preview: New Studies to Debut
At the 27th ELFA Annual Conventin in New Orleans in mid-October, attendees will have a chance to review several Foundation projects in advance of their official debut, most notably the State of the Leasing and Finance Industry report. Also, several other sessions will be devoted to topics the Foundation has recently addressed including the emerging aircraft market; trucks and trailers; how changing credit philosophies and the new realities of the marketplace are impacting business; and a look at the Columbia strategy, showcasing a case study of the Titagarh - Wagons - GE Partnership in India.
Read More
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| Foundation Events
- The Foundation seeks research study ideas on an ongoing basis. The Research Committee meets monthly, and ideas should beforwarded to Foundation Executive Director Lisa Levine at llevine@elfaonline.org.
- The Foundation Board meets several times, including September 5 and November 5, 2008. The Journal of Equipment Lease Financing's Editorial Review Board is seeking topics of interest. They meet throughout 2008 to discuss ideas, including August 7 and November 13. Please forward ideas to Lisa Levine at llevine@elfaonline.org.
- New research ideas have been posted! Go to the Foundation's idea page to see them.
- Donations to the Foundation may be made online! Visit our donor page to make your donation today.
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| Quick Poll
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| Last Month's Poll Results
Question: Since January 2008, where is your company seeing the greatest growth in new business volume?
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Response
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%
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Medical
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27%
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Oil/Gas/Energy
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12%
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Marine/Intercostal
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6%
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Aircraft
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6%
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Rail
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0%
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Truck/Trailers
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6%
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Hi-Tech/Computers
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18%
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Office Equipment
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3%
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Construction
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6%
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Other
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15%
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| Did You Know?
Equipment leasing began in Mexico in the early 1960s, at the same time as the US leasing industry started its first international expansion. Today, the legal ownership of equipment subject to a lease in Mexico is based on the form of the transaction rather than its economic substance. In other words, the lessor always is the owner of the equipment for legal purposes. In this respect, therefore, it is important to bear in mind that the legal definition of a lease may not exactly match the accounting or tax definition. (Source: Foundation study, "Leasing a lo 'mero macho'" by the Alta Group)
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