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INTERNATIONAL LEASING

INTERNATIONAL LEASING (export financial leasing with condition of redemption of the leasing subject)

Legal entities - non-residents of the Republic of Belarus have the opportunity to use the current export financing mechanisms of all kinds of Belarusian machinery and fixed assets.

Leasing subject

transport vehicles, agricultural machinery etc.

Advance

from 15 to 40% of the leasing subject value

Period of leasing

from 13 to 60 months

Lessees	Legal entities - non-residents of the Republic of Belarus (consumers)
Leasing subject	transport vehicles, agricultural machinery, industrial and manufacturing equipment, other fixed assets produced in the Republic of Belarus
Sellers (suppliers) of leasing subject	manufacturing plants of the Republic of Belarus
Advance payment	from 15 to 40% of the leasing subject
Period of leasing	from 13 to 60 months (up to 84 months for specific types of equipment)
Currency of the contract	US dollar, Euro, Russian ruble, Chinese Yuan
Currency of payment	Russian ruble, Chinese Yuan
Cost increase	are established individually*
Leasing payments	monthly, equal or decreasing
Additional security (in case of necessity)	1) bank guarantee 2) financial guarantee of a legal entity 3) government guarantee 4) guarantee of local government 5) other types of additional security, that meet JSC "Promagroleasing"
Sources of financing	Resources of the Development Bank of the Republic of Belarus OJSC under the Decree of the President of the Republic of Belarus of 25.08.2006 № 534 “On the promotion of exports of goods (works, services)”, own funds

The procedure for determining of remuneration (income) of the lessor - remuneration (income) of the lessor under an international leasing agreement is determined as the difference between the price of the leasing agreement (the sum of all leasing payments and the redemption value) and the investment costs incurred by the lessor to conclusion and execution of agreement.

The amount of leasing payments is agreed in the schedule of lease payments, taking into account the advance payment.

Lease payment consists of lessee’s reimbursement of partial lessor’s investment costs in the period concerned and the amount of the lessor's remuneration (income).

Redemption value - from 1% of the value of the leasing subject without VAT.

Early redemption is possible in light of legal requirements of the Republic of Belarus, not earlier than 12 months on condition reimbursement of all lessor’s investment costs, related to acquisition and transfer of the leasing subject, to conclusion and execution of agreement and outstanding amounts of the lessor's remuneration (income) before the date of redemption of the leasing subject.

* Cost increase of the leasing subject depends on the following variables:

level of country risk of the lessee’s state;
contract currency;
transaction amount;
period of leasing;
liquidity of the leasing subject;
conditions for acquisition (from the supplier) and financing of the acquisition of the leasing subject;
terms of delivery and other possible features of the export transaction;
business reputation;
financial condition;
payment discipline of the lessee;
type of additional security.