Initial Interview

Siemens Finance applies uniform and high-quality service standards to all applicants and clients. During 2005 and to further enhance service standards, we established a client management division that is staffed with professional managers, who work with you to identify the product or products optimally suited to your specific needs.

We understand that, in large part, the relationship between a leasing company and its client depends on the professional competency and responsibility of our employees. Applicants terminate negotiations when they feel as if they are receiving limited information, ambiguous responses to specific questions and/or if they cannot detect genuine interest from a leasing company in becoming a long-term financial partner.

Upon contacting Siemens Finance, you will be assigned a specific client manager who is responsible for meeting your needs in the most effective manner possible. To begin this process, simply call or write – a client manager will schedule an initial meeting at your convenience and either at your office or our office. Regardless of where the initial meeting occurs, you will receive indicative quotes based on a broad array of options.

After defining a deal structure that fits your needs, you will receive an application for lease financing. To accelerate a final decision and reduce the amount of time you must expend on the application process, Siemens Finance uses a phased approach to document submission. Please click here  to view the options available to you based on deal size and corporate legal structure. Our application materials are generally available in the Russian language. However, if Russian is not your working language, please write or call for assistance.

Application Review

Following receipt of an application and required documents, a Siemens Finance loan officer will review your project. Depending upon the asset(s) involved and deal size, the review process will requires between 3 and 15 days. During this period, our professionals will conduct financial and legal analyses and conduct a security background check of your business.

If at any stage during the process, we uncover issues that render a transaction impossible, we will immediately inform you of this situation and return all submitted documents. Applications are most-frequently refused following the receipt of negative information during a security background check or as a result of inaccurate information contained in application materials.

An important component of our work during this stage is the negotiation of detailed terms of sale with suppliers. Our experience and reputation assist us in negotiating the best supply terms possible, including detailed reviews of delivery insurance, guarantee and post-guarantee service, the availability of spare and replacement parts and much more.

Siemens Finance’s Credit Committee renders a financing decision, after which you will be immediately informed and presented with execution-quality agreements

Documentation

Lease agreements with Siemens Finance are executed using two contracts:

Both agreements are signed in parallel and their execution begins immediately following receipt of our client’s down-payment.

Delivery

Siemens Finance and its clients jointly manage the equipment delivery process, thereby facilitating rapid and effective resolution of any questions or issues that arise.

Immediately following fulfillment of supplier obligations under purchase agreements, equipment is transferred to clients for daily use throughout the term of corresponding lease agreements.

Monitoring

Siemens Finance begins the process of monitoring leased assets immediately following their transfer to lessees for regular use.

Monitoring entails the visitation of client premises and direct inspection of leased assets to assess physical condition, current workload and wear-and-tear. The regularity of visits is directly linked to the quality of lessee payment discipline.

Title Transfer

After all lease payments are made in full, title to leased assets transfers from Siemens Finance to our clients.

As part of this process and jointly with the client, we execute a both deed confirming full payment under a lease contract and an addendum to the lease contract, which finalizes and confirms transfer of title.