Odessa Technologies Publishes Dodd-Frank Act White Paper
Philadelphia, PA April 30, 2012 - Odessa Technologies, Inc., the developer of the LeaseWave suite of products, a fully integrated end-to-end lease and loan management solution, has published the first in a series of White Papers about the Dodd-Frank Act.
The Dodd-Frank Act, named after its legislative sponsors in the two Houses of Congress, Senator Christopher Dodd and Representative Barney Frank, intends to improve accountability and transparency in the financial system by making some immediate changes in the law, while in other areas mandating that relevant Federal agencies formulate further changes under their pre-existing statutory powers. “Asset Finance & The Dodd-Frank Act Part 1: Securitization” details how certain aspects of Dodd-Frank may affect leasing and asset finance, specifically securitization transactions.
“Many leasing and equipment finance companies have historically relied on securitization as an important part of their overall funding strategy”, said Madhu Natarajan, Chief Executive Officer at Odessa. “By sponsoring this White Paper we hope to increase awareness within the leasing industry of the new risk-retention regulations as well as the additional disclosures, representations and warranties that will be required in order to securitize in the future.”