ABSTRACT
This chapter presents a general discussion of the concepts and fundamentals of international leasing through reviewing the literature and discusses its types and structures. It describes the structure of the international leasing industry and the forms of international leasing transactions. Broadly, there are five sources of lessors: financial institution lessors; independent lessors; captive lessors; joint venture lessors; governmental lessors. The chapter explains four major forms of international leasing transactions: a direct two-country cross-border leasing transaction, a direct three-country international leasing transaction, an international leveraged leasing transaction, and an international wrap leasing transaction. "By international leasing is meant a transaction where the lease itself crosses a border—that is to say, where the lessor and lessee are in different countries, so that the goods are physically held under a different legal system from that under which title is held". Leasing in an international setting becomes more complicated, because of different legal, tax, accounting, and other environments involved.
