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October 2, 2012
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Daily news for the equipment finance sector

  Industry News 
  • Index for small-business borrowing reached 2012 high in August
    The Thomson Reuters/PayNet Small Business Lending Index was 109.9 in August, the second consecutive month of increase and the highest level this year. "These business owners are looking out three, to six, to nine months, and they are seeing some positive profit-producing opportunities: There must be something these business owners are seeing," PayNet co-founder and President William Phelan said. Reuters (10/1) LinkedInFacebookTwitterEmail this Story
  Market Trends 
  • Flood of orders drives expansion of U.S. manufacturing
    After contracting for three months, the U.S. manufacturing sector surprised economists by expanding in September, fueled by an unexpectedly large volume of orders. The Institute for Supply Management's factory index rose from 49.6 in August to 51.5 in September on a scale in which anything above 50 indicates growth. Bloomberg (10/1) LinkedInFacebookTwitterEmail this Story
  • Chinese manufacturing remains in negative territory
    Government data show that China's manufacturing industry contracted again last month, adding to a pullback in August and increasing pressure for stimulus. However, September's purchasing managers index of 49.8 was a bit higher than August's. Royal Bank of Scotland predicted that with 7.5% to 8% economic growth this year and next, no major stimulus will be offered. RTT News (10/1), Xinhuanet.com (China) (10/1), Xinhuanet.com (China) (10/1) LinkedInFacebookTwitterEmail this Story
  Government & Regulatory 
  • Collateral rules are coming early next year, Gensler says
    Gary Gensler, chairman of the Commodity Futures Trading Commission, said margin rules for uncleared swaps could be in place by early 2013. The regulations are required by the Dodd-Frank Act, which seeks greater transparency and reduced risk in the $648 trillion over-the-counter swaps market. International regulators weighed in on the collateral rules, too. Reuters (10/1) LinkedInFacebookTwitterEmail this Story
  • Wider base for setting Libor might boost borrowing costs
    With smaller banks that have higher borrowing costs entering the club of institutions that set the London Interbank Offered Rate, borrowing rates are bound to go up, said James Edsberg of Gulland Padfield, a financial-services consultancy. One result might be increased stress on eurozone nations that are already struggling with debt. Bloomberg (10/1) LinkedInFacebookTwitterEmail this Story
  ELFA Member News 
  ELFA News 
  • Don't delay! Oct. 9 deadline for annual convention
    Oct. 9 is the last day to register for the ELFA 51st Annual Convention and still be included on the attendee roster distributed on-site. Registration will still be honored after this date, but the attendee's name will not on the printed roster. Register! LinkedInFacebookTwitterEmail this Story
  • Did you miss "Dollars & Sense" Web seminar? Access online archive!
    This Web seminar is an interactive exploration of how commercial-equipment lessors and lenders make money, including basic time-value-of-money concepts and components of transaction profitability. Access the archive of the "Dollars & Sense" Web seminar. For questions, contact Alexa Carnibella at acarnibella@elfaonline.org. LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
Even if you're on the right track, you'll get run over if you just sit there."
--Will Rogers,
American performer, humorist and critic


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