Financial leasing—the technical, accounting, and legislative framework

The financial leasing program—the technical, accounting, and legislative framework—aims to provide participants with a comprehensive understanding of the importance of leasing as a non-banking financing source, along with the technical and regulatory framework of the activity and the accounting framework according to Accounting Standard No. 49 for leasing contracts, in addition to the supervisory framework and the controls for practicing the activity.

The main objectives of the leasing finance program

The program aims to provide participants:

• The importance of leasing as a non-banking financial source.
• The technical and regulatory framework.
• The accounting framework (Accounting Standard No. 49 related to finance lease contracts).
• The regulatory framework and activity practice controls.

Target audience of the program

Employs of leasing companies and banks in various departments (operations, credit and risk, and legal)

The main highlights of the training program

The technical framework

Financial leasing (technical framework)

• Definition of leasing
• Advantages and characteristics of leasing
• Comparison of leasing with traditional financing methods
• Types of leasing
• Assets financed thru leasing

Parties in the leasing industry and the structure of the Egyptian market

• The regulatory framework of the leasing market
• The size of the leasing market in Egypt
• Market shares of leasing companies—Calculation method
• The relationship between banks and leasing companies

Types of risks in financial institutions

• General or systemic risks
• Sector risks
• Types of risks arising from the activities of financial institutions

Financial leasing (practical framework)

• The organizational structure of leasing companies
• Basics of the workflow in leasing finance companies
• The credit, marketing, and sales policies in leasing companies

The accounting and regulatory framework

Financial leasing (accounting framework)

• Accounting Standard No. 49 for Finance Lease Contracts
• Financial solvency standards for leasing companies according to Decision No. 191 of 2018
  

Financial leasing (legislative and regulatory framework)

• Introduction to the law
• The legal form of the company

Regulations for conducting leasing activities

• Internal control, credit, and risk management systems
• Governance of leasing companies
• Suspension, liquidation, merger, and acquisition of the leasing company
• Measures and penalties

Lease financing contract

• Bilateral leasing contract
• Tri-party leasing contract (guarantee agent)
• Documentation of leasing contracts

Duration of the program

12 hours _ 2 days