BUSINESS COUNCIL UPDATES D Network with Your Business Sector in San Antonio ON’T MISS the Business Council meetings at the ELFA 54th Annual Convention on Tuesday, Oct. 27, 12:45 p.m.–2:30 p.m., for your chance to network with colleagues and get up-to-speed on industry sector trends. The association’s five Business Council Steering Committees (BCSCs) are planning engaging meetings for each sector: Captive and Vendor Finance BCSC This committee represents the constituency group within ELFA that provides vendor financing programs, either as a subsidiary of a manufacturer, an independent third-party or some combination of the two. During its luncheon program at the 54th ELFA Annual Convention, the committee will focus on the emergence of non-standard financing agree-ments. End-customer consumption models are changing, with enhanced focus on access to business solutions and services (vs. equipment ownership), which offers the enter-prise scalability and agility as business conditions change. The result is a change in the way that end-customers and vendors approach the question of payment for items com-monly financed by members of the equipment leasing and financing industry and the rise of non-standard financing arrangements across a number of asset types. These changes present new challenges and opportunities to the members of the equipment leasing and financing industry. A panel of experts will review the “anatomy of a deal” using a case study format to present and analyze a nonstandard financing agreement. For more information, contact Committee Chair Brian Madison (brian_d_madison@key.com) or staff liaison Ralph Petta (rpetta@elfaonline.org). Financial Institutions BCSC This committee represents bank-related and other finan-cial institutions (commercial banks, investment banks and multiline finance companies) engaged in the middle-market and large-ticket sectors. During its luncheon program at the 54th ELFA Annual Convention, the committee is planning to focus on the issues surrounding beneficial ownership. Ob-taining beneficial ownership information enhances efforts to identify and report financial crime, terrorist activity and money laundering. This session will discuss compliance is-sues and the implications for bank leasing operations. Time will also be reserved for informal networking among peers, something that luncheon attendees look forward to each year. For more information, please contact Committee Chair Alan Sikora (alan.sikora@faef.com) or ELFA staff liaison Lesley Sterling (lsterling@elfaonline.org). Independent Middle Market Business Council Luncheon This committee engages independent finance and multi-line finance companies involved in transactions between $250,000 and $5 million, either individually or through 18 OCTOBER 2015 EQUIPMENT LEASING & FINANCE MAGAZINE