Another big reason is Bloomingdale's new financial lease on life.

They offer financial leases and offer guarantees.

Financial leases are generally paid in instalments and are calculated in such a way as to cover all or virtually all of the value of the goods.

Unlike a Financial Lease or Finance lease, at the end of the operating lease the title to the asset does not pass to the lessee, but remains with the lessor.

Fixed assets are acquired through purchases, barter trade, capital transfers in kind, financial lease, improvement of fixed assets and natural growth of those natural assets that yield repeat products.

Another company, Beaver 84 Ltd, of Basildon was not even told by its intermediary that its application for a financial lease was even on the list for a European subsidy.

It is envisaged that appropriate recognition will also be given in the IRB approach to situations where loans are secured against receivables and that the risk mitigation aspects of financial leases will be appropriately recognised.

In accordance with the provisions of the FMA, Digitel and DOTC agreed to amend and convert the FMA into a Financial Lease Agreement (FLA).