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Friday, May 30, 2008
Susquehanna Commercial Finance Inc. Selected as Preferred Finance Company for TCM Fork Lift Trucks
Comtex
POTTSTOWN, Pa., May 30, 2008 (BUSINESS WIRE) ----Susquehanna Commercial Finance, Inc., has been selected as a preferred finance company by TCM Corp., a global company that manufactures and distributes fork lift trucks and other material handling equipment.
As a preferred finance company, Susquehanna Commercial Finance will work with TCM Distribution USA's network of approximately 60 dealers throughout the East Coast and Midwest. Susquehanna Commercial Finance can offer a full line of financing options to the warehouse facilities, factories and other businesses that use TCM fork lifts.
"Our role is to work with TCM Distribution USA's retail dealers and customers to find the best solution for them, drawing on options such as loans, leases, rental fleet lines of credit, and Fair Market Value leasing options," said Donna Wesemann, Vice President of Sales for Susquehanna Commercial Finance. "These programs give businesses the flexibility to finance fork lifts or other equipment as a monthly expense, instead of purchasing them as part of a capital budget."
Headquartered in Osaka, Japan, TCM Corp. is a global leader in manufacturing and marketing material handling equipment and systems. Its products include industrial vehicles such as fork lift trucks, construction machinery and systems, and large-scale material and container handling systems. In the United States, TCM fork lift trucks are manufactured in Columbia, S.C., with distribution operations based in Swedesboro, N.J. For more information, please visit www.tcmusa.com.
Susquehanna Commercial Finance provides leasing and financing solutions to businesses and other organizations nationwide, specializing in transactions for commercial-use equipment and software. It is a subsidiary of Susquehanna Bancshares, Inc. (Nasdaq:SUSQ), a financial services holding company with assets of $13 billion. For additional information about Susquehanna Commercial Finance, please visit www.susquehanna.net/scf.
Susquehanna Bancshares also includes three commercial banks that provide financial services at 235 branch locations in the mid-Atlantic region. Through Susquehanna Wealth Management, the company offers investment, fiduciary, brokerage, insurance, retirement planning, and private banking services. Susquehanna also operates an insurance and employee benefits company and a vehicle leasing company. More information is available online at www.susquehanna.net.
SOURCE: Susquehanna Bancshares, Inc.
Susquehanna Bancshares, Inc. Stephen Trapnell, 717-625-6548 communications@susquehanna.net or Reverb -- DBC Bryan Evans, 215-957-0300 bevans@dbcommunications.net
Copyright Business Wire 2008
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Welcome to the major leagues of debt. Collateralized debt obligations, almost always referred to as a CDOs, are horrendously
complicated deals that often leave anyone without a MBA wondering what was put into these CDOs.
The first thing to
understand about bonds, (aka debt) is that bonds are often backed by something else. Think about your home mortgage. If you
don't pay your mortgage, the bank can take the house. You end up homeless, and the bank sells the house to pay off the rest
of that mortgage. There is something "backing" that mortgage; something lender can fall back on, if you don't pay your bills
like a good human being. That's called collateral.
CDOs are one flavor of an entire sector of investing called structured
finance, and they are also backed. CDOs, in the simplest concept, are just bonds backed by something else. In most cases,
a CDO is backed by a collection of various types of debt. CDOs can be home mortgages, or other types of debt like credit cards,
auto loans, and personal loans. Most of these types of debt are usually considered a bit more risky and they don't have the
backing that a home loan does. So, if you think it through, you can imagine that CDOs are usually considered a risky investment.
To take a step further, understand that CDOs have multiple flavors within each CDO. These flavors are called tranches. If you've taken French, you might recognize the word, it means "slice" or "portion." Each slice of that CDO you invest in is a little different and carries different amounts of risk.
You could invest in the lowest risk tranche of the CDO, which would
provide you lower risk. But, you don't get a good return on that investment. Or, you can be the heroic adventurer of bonds
and invest in the lowest-grade tranche of the CDO. You'll make an amazing return, but if the economy even looks at you wrong,
you might lose the entire investment.
CDOs aren¿t easy, and are almost always invested in by mutual funds, insurance
companies and hedge funds. As an individual investor, you will probably not come across a CDO you can participate in.
