Legal entities
The way it works
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Enterprise (leaseholder) defines demand for necessary equipment which suppliers have.
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Then enterprise applies to the bank with application on financing procurement of equipment.
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The bank considers the application, determines solvency of enterprise and approves or declines application for funding.
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At approval of application, trilateral delivery agreement is signed, parties are: lease giver (Bank), leaseholder (enterprise) and equipment supplier. Also financial lease agreement is signed between leaseholder and lease giver.
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The bank procures equipment from supplier and hands it over to enterprise.
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Enterprise utilizes equipment, paying monthly lease payment during the whole period of leasing as per agreement.
- Upon expiry of leasing period and full repayment of lease payments by leaseholder, equipment is handed over to enterprise.
