International lease credit is a new credit method in which the lessor leases the leased property (such as machinery and equipment) to the lessee for use within a certain period of time, and the lessee pays a certain lease fee to the lessor in installments according to the lease contract.
The term of lease credit can generally be divided into short-term, medium-term and long-term. The short-term lease credit granting time is mostly below 1 year, medium-term is 1-3 years, long-term is more than 3 years, and some are as long as 15 years.
Large-scale equipment and cutting-edge technical equipment are often leased for a long time.
The lessor in the leasing credit market is:
(1) leasing professional company. They specialize in leasing business at home and abroad, and have a special credit department to arrange the supply of funds for export equipment leasing. Some leasing companies only deal in one kind of goods, while others deal in several kinds of goods. Leasing companies in the United States and Japan are mostly professional leasing companies.
(2) Banks, insurance companies and other financial institutions. They can provide loans to leasing companies as lenders; Or set up their own leasing companies to operate leasing credit business independently, such as Tokyo Leasing Company in dai-ichi kangyo bank and Sumitomo Bank's comprehensive leasing company. Or several banks and large companies jointly set up leasing companies. For example, the shareholders of Japanese leasing companies are mainly composed of banks such as Mitsui, Mitsubishi, Sumitomo, Fuji, Donghai, First Ye Quan and Japan Industrial Company, 7 trust banks, 17 insurance company, 5 trading companies and 27 industrial companies.
③ Financial leasing companies. It is only engaged in the financing business of leasing business, and there is no direct relationship between the lessee and the manufacturer. The lessor is limited to the mechanical parts entrusted by the lessee to purchase and deliver the lease.