Equipment Finance News

Julian Rose’s A to Z of Leasing and Asset Finance is likely to prove a revelation for the industry

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Produced in association with Arkle Finance, it contains a comprehensive list of industry terms and definitions together with a description of the range of agreement types which exist, as well as the general legal and regulatory frameworks surrounding such agreements.

As such it is a must for new entrants into the industry as well as a valuable aide memoire for current practitioners. Rose’s wide experience of the industry ensures that the explanations offered in the book describe the various ways in which some terms are used for different purposes, including for accounting (covering the new IFRS 16), taxation, and in law and regulation.

The A to Z of Leasing and Asset Finance fills a gap in the asset finance industry’s reservoir of knowledge that has grown significantly since the great recession.

A Z of leasing cover

As Carl D’Ammassa, group managing director – business finance, Aldermore Bank, explains in the Foreword: “Where has all the training gone? That valuable insight from experts that passes on their knowledge and experience; that action of teaching that transfers skills and enables the student to competently execute their duties or tasks.

“It’s fair to say that little has been done in our industry throughout the financial crisis to ensure the diligent transfer of knowledge and expertise.”

He adds: “Competency and skill in how we transact is a pre-requisite in this growing market and changing regulatory environment. Borrowers expect us to support them with precision and expertise. That’s why the reinvigoration, perhaps better described as restoration, of critical knowledge transfer and training from industry experts is vital.”

Thus Rose’s book, which comes with 165 pages packed with definitions and explanatory detail. This writer was especially impressed with a most valuable cross-referencing index which serves to allow readers to find all items on a particular topic – a most helpful tool for those seeking to broaden their knowledge of a topic. Indeed he was delighted to discover clarifying explanations of little understood terms such as Partial Exemption – and the often forgotten but valuable Sum of the Digits.

The A to Z of Leasing and Asset Finance, a must for every leasing and asset finance practitioner’s bookshelf at £44.95 per copy, is available for readers of Asset Finance International with a 20% discount for using the Code: A-Z-AFI at https://shop.printtrail.com/product/a-z-leasing-asset-finance-julian-rose/  or can be ordered by email (julian@assetfinancepolicy.co.uk) and invoice will be at the discounted price.