Dry information丨The difference between financial lease and guarantee

港信通-今天给大家分析下融资租赁与担保之间的区别，Let’s learn together! one、Financial leasing is a financial (service) product，Financing guarantee is a financial intermediary service that directly lends machinery and equipment and other (leased) items through financial leasing.，What is actually lent is money。Under China’s strict financial regulatory system，There are three types of financial leasing businesses。

Among them, financial leasing belongs to the financial industry，Financial leasing companies are non-bank financial institutions，Supervised by the China Banking Regulatory Commission；Foreign capital (and Sino-foreign joint venture、Sino-foreign cooperation) financial leasing companies are supervised by the Ministry of Commerce (Foreign Investment Service Department)；Upgraded from a general (operating) leasing company to a financial leasing company (pilot unit)，It is supervised by the Ministry of Commerce (Commodity Circulation Service Department)。

Financing guarantee is a financial service intermediary，Mainly based on one's own credit，In the borrower (enterprise、Act as a professional intermediary between customers) and lenders (banks, etc.)，Provide risk diversification services，Therefore, the guarantee does not directly lend funds，Only after compensation，Only then did the virtual creditors (or existing creditors) transform into real creditors.。

two、Guarantee liability does not enter the assets，The leased property enters the leased property leased by the asset finance leasing company.(Such as machinery and equipment, etc.)Ownership during the lease period belongs to the leasing company，Therefore, it is fully reflected in the asset statement as the company's assets (current assets).。

When liability for guarantee is formed，The guarantee company only has contingent claims，Therefore, the guarantee liability cannot be entered into the company's balance sheet in the name of assets (claims) (but as long as it is paid off，be included in temporary payments or receivables)。therefore，Although the amount of guarantee liability that a guarantee company can assume can be calculated at 1% of the capital：5~10x magnification。However, the assets reflected in the balance sheet of a guarantee company basically correspond to capital + risk reserves + undistributed profits.。

That is to say，Basically, it is mainly based on capital，Asset amplification effect is small。As long as the financial leasing company operates well,，Financing channels are smooth，Leasing assets can be expanded by 10 times of net assets。in real economic life，There are well-known leasing companies around the world and across the country，The market impact of guarantee companies is much less。three、Financial leasing has the lowest risk，Financial leasing, which carries the greatest risk of guarantee, is a combination of property rights and creditor's rights.。

That is to say, the leasing company acts as the lessor，The first is to have ownership of the rental property，Also

Require

lessee(as debtor)Provide asset mortgages and third-party rental guarantees and residual value guarantees wherever possible。therefore，under the same conditions，The risk of financial leasing is lower than that of banks，of all creditors，lowest risk。And guarantee，Often there is still a certain gap between the borrower and the bank’s lending threshold.，

Require

Loans can only be made after the guarantee company guarantees。

obviously，Guaranteed customers are of lower quality than direct bank loan customers。in actual work，The difference between a guarantee and a bank mortgage is that：The guarantee is acceptable for payment but lacks proof (land、real estate) assets as counter guarantee；in quantity，Assets used as counter-guarantee measures have higher mortgage guarantee ratios than banks，The mortgage guarantee rate of high-quality assets can reach 100% and above。It can be seen that the guarantee is among creditors and quasi-creditors，The risk is the highest。

After the debtor defaults，The guarantor receives the lowest protection。Four、The income from finance leases is higher than the rate of return from guaranteed China finance leases，Can be divided into three levels。The lower ones are generally 8 to 9%. Mainly bank financial leasing companies，They often only deal with single high-quality large orders worth more than 100 million yuan (such as aircraft、ship、communication、Petroleum and other equipment)；Mid-range ones are 10 to 13%；The higher one is 15-17% (usually small businesses、small devices)。

Due to the customary nature of leasing transactions、Flexible transaction structure，The threshold for customers is low and the benefits actually obtained by customers are obvious，Customers generally accept this financing cost。Only consider the mid-range income level of 10 to 13%，The financing cost of a leasing company in the bank is generally 6—7％，Therefore, the gross profit rate of the leasing company is 4 to 6%.。

The guarantee fee is generally

1. 5~3% (the average rate for large state-owned guarantee companies is less than 2%，Average rates of financial guarantees in 2009
2. 7％），Less than half of rental income。five、Lease dependent bank (loan)，Banks' reliance on guaranteed (guaranteed) leasing requires credit support from banks，Especially before the securitization of leased assets，90More than % of the funds rely on loans (based on net assets 1：10enlarge)。

Banks rely on guarantees，Especially large policy state-owned guarantee companies。Bank lending to small and medium-sized enterprises requires a guaranteed credit upgrade to reach the lending threshold.，We must also rely on the risk diversification mechanism of guarantees to control lending losses.，Improve credit asset quality。If you still need to know more about this，You are welcome to consult Hong Kong Xintong at any time!

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