Leasing & Finance

Japanese Operating Lease with Call Option (JOLCO)

Overview

The Japanese Operating Lease with Call Option (JOLCO) was planned and structured by NTT TC Leasing for the leasing of large properties such as aircrafts. Through investments, customers can level out their periodic profits, and the leases are useful for long-term corporate and tax planning. In addition, it is possible for customers to make capital gains by selling their leased assets after the lease term ends.

Business model

(1) Investor invests in a NTT TC Leasing (operator = lease lender) based on an anonymous partnership contract (about 20 to 30%). (2) NTT TC Leasing 100% subsidiary (operator = lease lender) borrows from financial institutions (about 70-80%). (3) NTT TC Leasing 100% subsidiary (operator = lease lender) pays the property price to the manufacturer (100%). (4) Purchase a property from a manufacturer to a NTT TC Leasing (operator = lease lender). ⑤ NTT TC Leasing wholly owned subsidiary (operator = lease lender) leases a property to a user (lease borrower). (6) Payment of lease fees from the user (lease borrower) to a NTT TC Leasing ⑦ NTT TC Leasing 100% subsidiary (operator = lease lender) pays back to financial institutions. ⑧ NTT TC Leasing 100% subsidiary (operator = lease lender) to investors.

1990年代より航空機のレバレッジドリース、2000年代以降は航空機・船舶・コンテナのオペレーティングリースの組成販売に取り組んでまいりました。
組成実績200件以上と数多くの投資家の方々にご参加いただいております。
日本型オペレーティングリースは、資産売却リスクや為替リスク等諸リスクがございますので、ご検討の際には当社担当にお気軽にお問い合わせください。

Risks

ご出資に際して投資家の皆さまから直接当社にお支払いいただく手数料はありませんが、出資金額のうち一部はリース事業の組成に関して当社等のアレンジャーへの手数料その他経費に支出されます。ご出資をいただく匿名組合地位譲渡対価には、実際にご出資いただく日までの期間についての利息相当金額が含まれ、その金額は地位譲渡人である当社に帰属します。
ご出資の対象は、弊社の完全子会社が行う日本型オペレーティングリース事業への匿名組合出資です。本リース事業へのご出資は、利回りが確定したものでなく、ユーザー（リース借主）等の取引当事者が債務不履行状態に至った場合や、リース物件の中古市場の変動等により、ご出資の元本が毀損したり、元本を超過する損失が生じたりする可能性があります。

For more information, please refer to the documentation (the pre-contract documents based on the Financial Instruments and Exchange Act) related to this leasing business.

Trade name: NTT TC Leasing Co., Ltd.
Director of the Kanto Local Finance Bureau (Financial Instruments) No. 3200
General Incorporated Association Type II Financial Instruments Firms Association Member (Type II Business Operator No. 631)

For first-time customers: Leasing services at NTT TC Leasing

[Consultation about this service
Contact for complaints】

NPO Securities/Financial Instruments
Mediation consultation center (FINMAC)

〒103-0025
2-1-1 Kayabacho, Nihonbashi, Chuo-ku, Tokyo

受付電話番号 :0120-64-5005
ファクシミリ番号 :03-3669-9833
ホームページからの受付窓口 :
http://www.finmac.or.jp
受付時間 :月曜日から金曜日の9:00～17:00（但し、振替休日を含む祝日、12月31日～1月3日までは休み）

* FINMAC is an acronym for Financial Instruments Mediation Assistance Center.
* A partial revision of the Financial Instruments and Exchange Act (hereinafter referred to as the “Law”) (Law No. 58 of 2009) created the financial ADR ^*1 system, which allowed financial instruments business operators to For each type of registered business, the obligation to take complaints handling measures and dispute resolution measures (Article 37-7, Paragraph 1, Item 1 of the Law) was imposed.

*1 ADR is an alternative to litigation, a method of resolving disputes based on the agreement of parties such as mediation, mediation, and arbitration.

JOLCO (Japanese Operating Lease with Call Option)
Inquiries about

担当部門：グローバル営業部　投資商品営業部門
受付時間：9時00分～17時00分
月曜～金曜日（祝日・年末年始除く）

03-6455-8808