Vinod Kothari

It is not only Western lessors that are once again discussing the possibilities of securitizing their assets. The rapidly-growing Asian market is also exploring new avenues and asset structures.

As the world enters a post-recessionary period, securitization is just beginning to re-start and re-invent itself. Global lessors are once again experimenting with different forms of securitization transactions.

Small to medium-sized businesses (SMEs) across the ‘EU4’ markets (France, Italy, Germany and the UK) are planning to invest an estimated €290bn over the next 12 months, according to the latest GE Capital European SME Capex Barometer.

As the Great Recession begins to recede asset lenders and lessors are briefed to expand their portfolios once more. However, the lessons of the downturn are still raw – and caution is required when building new business books.

The 2012 ELFA Credit & Collections Management Conference, to be held in Baltimore from 3-5 June, seeks to guide lenders on the way forward. As an example, in one innovative workshop delegates are invited to review a range of middle- to large-ticket transactions involving “varying amounts of complexity of credit quality, transaction structure and documentation”.

The report, The Current Environment for Hospital Leasing and Financing, produced by The Alta Group in conjunction with PayNet Inc., argues that the Health Care industry is scrambling to invest in required information technology, incentivized by available federal subsidies of $27.4B provided in the American Recovery and Reinvestment Act (ARRA) – and spurred on by potential penalties for non-compliance.