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Because asset-backed securities represent rights to future cash flow from the underlying collateral, they offer investors the benefits deptconsolidations of high credit quality as well as yield enhancement. deptconsolidations Our company has led the market in securitizing deptconsolidations assets including mortgages, home equity loans, credit card receivables, trade receivables and auto loans through structures such as bonds, notes, commercial paper, Euronotes, Eurobonds, certificates of deposit, deptconsolidations and deptconsolidations pass-through and pay-through securities and property income certificates. We also serve as trustee, registrar and paying agents on the securities. Global Equipment Finance When "use" of a fixed asset is more important to your company than "ownership" of it, Our company will help you get the equipment you need in a manner that keeps your working capital working while creating tax and accounting advantages. deptconsolidations Our experience covers a wide range of leasing and equipment finance transactions, including general equipment and vehicle master lease programs, vendor programs, secured franchise financing, and dealer financing, as well as leasing programs for ships and rail cars. Most of the leases are for a substantial part of the equipment''s useful life, and therefore the lessee needs to be very credit-worthy. Often the lessor will be in different jurisdictions than the lessee, and Citicorp will determine the optimum jurisdiction after taking into consideration the tax impact on the lessee of entering into the transaction. Principal investor jurisdictions include the U.S., Germany, Japan, the U.K. and France. Since leases are treated in many countries as off balance sheet finance, Citicorp has also designed some shorter term lease structures which we intended to be treated as leases for accounting purposes, but may be loans for tax purposes. Such leases allow a company deptconsolidations to raise 100% finance, pay low rentals and have an option to acquire the equipment in the future at a predetermined price. This will result in an improvement in the income statement without a balance sheet impact. There will be some disclosure of lease rates which rating agencies will use to increase liabilities. Cash Management Our company is a recognized industry leader in cash management services. With 3,500 offices staffed by local professionals in 100 countries around the world, Our company has a unique global infrastructure providing a wide range of innovative financial solutions. Our extensive deptconsolidations network of highly qualified banking professionals provides a combination of local knowledge and global expertise to help you meet your strategic business goals. Our company’s success is continually acknowledged through such deptconsolidations recognition as Corporate Finance magazine’s award for Top Bank in Cash Management and Finance Asia magazine’s award for Best Cash Management Bank. This is a testament to our commitment to meeting the financial needs of our customers.
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