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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 mortgageloans countries as off balance sheet finance, Citicorp has also mortgageloans 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 mortgageloans allow a company 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 mortgageloans 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.

Our superior service offering includes unparalleled state-of-the art technology and expertise across a wide range of industries. We work hard to maintain our leadership position by identifying solutions that support today’s business trends, such as increasing globality of corporations and financial markets, need to control risk in business processes, restructuring of business and distribution channels and movement towards a unified Europe, including the introduction of the euro. No other bank has the market knowledge, the global financial infrastructure and the wide range of innovative financial solutions offered by Our company. Wherever your business takes you and whatever mortgageloans your financial imperatives, we are there to help you achieve optimal performance.



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