租賃發(fā)展[文獻(xiàn)翻譯]

1、外文題目：LeasinginDevelopment出處：GuidelinesfEmergingEconomies作者：wldbankgroup原文:LeasinginDevelopmentBywldbankgroupIntroductionThegloballeasinglscapeinemergingmarketsisstillverydiversetodaywithnentleasingindustriesinthepoestcou

2、ntriesinAfricaAsiamaturingleasingmarketsinthemostadvancedeconomiesofLatinAmericaEasternEurope.Itremainscriticaltodevelopavibrantleasingindustryincountrieswhereitdoesnotexist.Leasingfosterseconomicdevelopmentjobcreationby

3、providingaccesstofinancingtomicrosmallmediumbusinessesthatoftencannotaccessotherfmsoffinancing.Incountrieswheretheleasingmarkethasalreadybuiltupencouragingcompetitioncanhelplowerfinancingratesexpfinancingvolumes.Atthisst

4、agebanksgenerallyentertheleasingcompetitionstartusingleasingasawaytoattractnewclientswhilestaloneleasingcompaniesarepushedtodevelopmespecializedproductsniches.Eveninmarketswhereleasingisreachingmaturitynewproductsofferop

5、ptunitiesffurthergrowth.FtheIFConeofthemostpromisingavenuesfleasingindevelopingcountriesisstillunderexploited—therapidgrowthofinvestmentsinsustainableequipment(i.e.energyefficiencyrenewableenergycleanerproduction).Thesei

6、nvestmentsarecriticaltosuccessfullytackletheglobalclimatechangechallengearesupptedbyastrongpoliticalwillwldwide.Becauseleasingisassetbackedgenerallycashflowbaseditisaparticularlyrelevantproducttofinancetheseequipments.IF

7、Csupptssustainableequipmentfinancingbycombiningcreditlinesrisksharingfacilitieswithadvisyservicesthataimatbuildingthecapacityofleasingfirmstoidentifyopptunitiesdevelopbusinessappraisetheriskscashflowsofdifferenttypesofeq

8、uipmentssubsects.LeasinginEmergingEconomiesEmergingeconomiesalmostalwayshaveanundercapitalizedbankingsystemthatcanonlyofferitspotentialclientsalimitedrangeofproducts.FtheirparttheSMEsinemergingeconomiespossessinsufficien

9、tcollateralcredithistytoaccessmetraditionalbankfinance.Thisresultsinashtageofcreditbeingavailabletodomesticentrepreneurs.survivalleasingcompaniescandoseveralthings.Firstlytheycantryfindastrongbankinggroupintheregionasasp

10、onspreferablyonethathasastableretailfundingbasecanbenefitinabusinesssensefromleasing.Alternativelyifaleasingcompanyisluckyenoughtoalreadybeinapositionofhavingastrongbankinitsshareholderstructureitcanconsiderincpatingitse

11、lfaspartofthebankgroup.Anotherstrategyfastaloneleasingcompanywouldbetotrytopartnerwithastronginstitutionalinvestwhichcangiveitstableaccesstofunding.Ontheassetssidepriitywillbegiventostrengtheningearlyrecoveriesbaddebtman

12、agementwkouts.Incrisistimeseverydollarcollectedonaprovisionedleasebecomesaninvaluablecontributiontothebottomline.Asdeleveragingtighteningassetliabilitymismatchwillbecomecriticalanewfocuswillneedtobeputonpricingleaseopera

13、tionsdifferentiatingfromtraditionalbankingcompetitiondevelopingvalueaddedservicesthatdonotconsumeeconomiccapital.Finallyevenattimesofcrisisthestrongestleasingplayerswillcontinuelookingfgoodbusinessopptunities.Sustainable

14、EquipmentFinancing(EnergyEfficiencyCleanerProductionRenewableEnergies)areasafebet.Notonlydotheybenefitfromastrongpoliticalpushbuttheyofferafantasticopptunityfleasingplayerstodifferentiatefromotherfinancialplayersthrought

15、heirspecificassetmanagementcashflowlendingskills.NeedfaConduciveLegislativeFramewkOftendomesticlegalframewksarenotconducivetothedevelopmentofleasing.Fexampletheremaybenoleasingspecificlegislationcleardefinitionofleasingc

16、ontradictionsmayexistbetweenvariouselementsofacountry’slegislativeframewkthatpreventleasingfromwkingeffectivelyparticularlywithregardtocertainfiscalissuescurrentlegislationpreventsthesuccessfulenfcementofleasingcontracts

17、itisunclearunderexistinglawwhetherlesssholdtitletoleasedassetsitisunclearwhetherthirdpartiescanholdasecuritypositioninleasedassetshavesomekindofotherclaimontheseassetsitmaybedifficultfalesstotakepossessionofaleasedassetw

18、henalesseedefaultsitmaybeunclearwhetherlessscanlegallyrepossessnonperfmingleaseassetswithoutcostlytimeconsumingcourtproceduresrestrictivebureaucraticrequirementsdefinitionslegalimplicationsoffinanceleasesarenotspecifiedi

19、nthelegislation.Wherethereisanabsenceofleasingspecificlegislationwhereleasinglegislationisimperfectthequestionbecomes“Canleaseoperationsbeestablishedfunctionproperlymustlegislationbeenactedfirst”Sometimessuccessfulleasin