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September/October 2009
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| Message From the Executive Director
Big changes are afoot everywhere, and the Foundation is no exception. First, we must send a big “thank you” to departing Ken Bentsen for his services as President of the Foundation for the last few years. We wish him well in his new endeavor. Watch for next month’s Forecasts, which will announce new Foundation leadership. Additionally, the format of ELFA Annual Convention has been updated, and we are excited to make some changes at this event as well. Always a big part of the convention, the Foundation this year will be hosting a special presentation of the State of the Equipment Finance Industry (SEFI) report at our traditional (but now reformatted) Monday luncheon. You don’t want to miss this event. The SEFI report will be presented by a panel of industry leaders who will share how they are being affected by recent market events and what they see for the future of the industry. See you at the ELFA Annual Convention!
Lisa A. Levine, CAE | |||||||||||||
| Fundraising Still Moving Forward Despite Economy
As the only research organization dedicated solely to the equipment finance industry, the Foundation has been fortunate to have such a strong donor support network over the years. The Foundation is 100% contributor supported, and donors have made the Foundation what it is today Ð a strong, credible organization that produces the most relevant, real-world third party research for the equipment leasing and finance industry. And, despite market challenges, the Foundation is proud to report that generous industry members have already contributed more than $300,000 this year. Additionally, the Foundation is receiving contributions from first-time donors who recognize the value of contributing.
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| State of the Equipment Finance Industry Report Debuts
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| The Foundation at the ELFA Annual Convention Over the years, the Foundation has had a strong presence at the ELFA Annual Convention, including a booth where Foundation Trustees are available for discussion, special breakout sessions on new Foundation reports, and a special donor recognition luncheon. This year will include traditional high presence. However the ELFA Annual Convention has updated its construct, so the Foundation has been inspired to make some changes as well. | |||||||||||||
| Is Your Credit Scoring Model Up to Speed?
Developed by PredictiveMetrics, Inc., the survey examines trends, practices and controls in order to either refute or confirm whether potential exposures exist within the equipment leasing and finance industry and, thereby, recommend where attention may be warranted both now and in the future.
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| Fall 2009 Journal Debuts with Timely Articles
The Journal of Equipment Lease Financing (the Journal) is known for publishing relevant, in-depth articles on subjects most significant to the equipment leasing and finance industry. The Fall 2009 Journal, available at the ELFA Convention, will add to that reputation with articles on leasing value proposition, risk management in todayÕs economy and a primer on the international maritime sector.
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| Foundation Monthly Confidence Index (MCI) Shows Increased Optimism
The Foundation released the August 2009 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) recently, which showed confidence in the equipment finance market rising to 54.9 in August 2009, up from 49.2 in July 2009. This slightly more optimistic outlook reflects respondents' belief that business conditions will not worsen over the coming quarter. Designed to collect leadership data, the index reports a qualitative assessment of both the prevailing business conditions and expectations for the future as reported by the key executives from the equipment finance sector.
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| Foundation Events
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| Quick Poll | |||||||||||||
| Last Month's Poll Last monthÕs quick poll question: Do you believe the industry is handling the economic downturn as well as they have in previous downturns (i.e. 2001-2002, 1987)? You responded:
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| Did You Know?
Almost 78 percent of the companies that responded to the survey are using some form of credit scoring model; however, there was a strong indication from respondents that the downturn in the economy has and will produce a significant increase in manual review of model results. This was underscored by the fact that almost 66 percent of the companiesÕ feel that their model results have been affected by the current economic conditions and 96.3 percent believe that the models are less accurate. Source: How Good is Your Scoring Model? survey Fall 2009 | |||||||||||||
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