Delegate Roster Répertoire des délégués · structuring through to portfolio reporting, we have significant experience across all asset classes and transaction sizes. CIT Financial

Delegate Roster Répertoire des délégués

National Conference2007

Conférence AnnuelleSeptember 16 - 18

Le 16 - 18 septembre

Rimrock Resort HotelBanff, Alberta

CF&LA

Canadian Finance & Leasing AssociationAssociation canadienne de financement et de location

ACFL

Partners in ProductivityEnabling Canadians to Work Smarter

Achieving peak performanceVers les plus hauts sommets

PREREGISTRATION DELEGATE ROSTER RÉPERTOIRE DES DÉLÉGUÉS PRÉINSCRITS

CFLA National Conference 2007 ACFL conference annuelle September 16 - 18

The Rimrock Resort Hotel

Canadian Finance & Leasing Association Association canadienne de financement et de location

THANK YOU TO OUR SPONSORSCFLA gratefully acknowledges the generous support of the following companies:

Lead sponsor

ALPHA BY COMPANY

COMPAGNIE PAR ORDRE ALPHABÉTIQUE

*Non-members/non-membres

ALPHA BY COMPANY t COMPAGNIES PAR ORDRE ALPHABÉTIQUE

941315 Alberta Ltd - Forest Leasing

Inc.

Angela Armstrong

Amin Rawji

ABN AMRO Leasing, Division of ABN

AMRO Bank N. V., Canada Branch

Steve Adatia

Brian Winsor

Brent Keenan

Alan Morgan

Addison Leasing

Robert Holland

Leonard Robert Di Salvia

Robert Loucks

AIG Commercial Equipment Finance

Paul Hallauer

Russell Murray

Dave Fate

Joseph Thompson

Aird & Berlis LLP, Barristers &

Solicitors

Jill Fraser

Alter Moneta Corporation

Chris Evered

Scott Benson

ARI Financial Services Inc.

Fred Booth

Chris Conroy

John McMullin

Roy Gaysek

Asset Inc.

Mark Huttram

Glenn Condy

Marc Noreau

Atticus Financial Group

Claude Lemay

Ray Salama

AutoOne Lease Inc

Alex Wardle

AutoVin Canada Corp.

Andrew Snetsinger

BAL Global Finance Canada

Corporation


Doug McKenzie

Brenda Carabine

Rob Simone

Bank of Montreal

Raymond O'Kane

Bank of Nova Scotia - Leasing Division

Richard Jeffery

Joel Coelho

Karen Wong-Shaw

BCG Business Capital Group Inc.

Steve Barendregt

Blake, Cassels & Graydon LLP

Michael Burke

Steve Weisz

Blaney McMurtry LLP

Diane Brooks

BMO Nesbitt Burns

David Frei

BMW Group Financial Services

Canada, a Division of BMW Canada Inc.

John Shapardanov

Michael Brandstetter

Paige Wadden

Bodkin Leasing Corporation

Sally Salter

Bill Patton

Raja Singh

Canada Life Assurance Company*

Kelly Kwan

Canadian Automotive Fleet Magazine

Keith McLaughlin

Canadian Black Book

Kathy Ward

Canadian Finance & Leasing

Association

Vanessa Foran

David Powell

Mary Louise Josey

Sherry Xinhua Jia-Hatheway

Canadian Lease Corporation

Barry Johnston

Canadian Securities Registration

Systems


Gisele McMillan

Maureen Hewitt

Greg Watkin

Rafiq Janmohamed

Mac Ginther


Systems/Resolve Corp

Mike Jackson

CapitalWest Finance & Leasing Corp.

Bruce Volk

Cardel Leasing Limited

Mary Jo Dell

CARFINCO INC.

Tracy Graf

Troy Graf

Casitron Limited

Neil Cassarchis

Alex Cohen

Cassels Brock & Blackwell LLP

Jonathan Fleisher

Lydia Salvi

Caterpillar Financial Services Ltd.

Michael Kountze

Scott Bane

Jason Tucker

Michael Madden

Dawn Eglitis

CHP Consulting Ltd.

Steve LeBarron

CIT Financial Ltd.

Daryl MacLellan

Gary Batchelor

Bruce Smith

David Penton

CitiCapital Commercial Corporation

Steve Klein

John Lavigne

CLP Foundation*

Cynthia Spurdle

Concentra Financial, Commercial

Leasing

Terry Wensley


Constellation Financing Systems Corp.

Dexter Salna

David Taylor

Tiffany Thibeault

Contract Funding Group Inc.*

Kerrigan Carbol

Peter Horan

William Woodruff

Corpfinance International Limited

John Burns

CSI Leasing Canada Ltd.

Daniel Roberts (Leslee Inkster)

Aaron Tanaka

CustomFirst Software Inc.

Bill Barlett

Dakota Financial

Michael Green

Davis & Henderson*

Sean Frigault

Brad Graham

Davis LLP

Diana Dorey

Robert Swift

De Lage Landen Financial Services

Canada Inc.

Janice Dowding

Kim Carter

DealerTrack Canada, Inc.

Bryan Smith

Michael Collins

Deloitte & Touche Chartered

Accountants LLP

David Dalziel

Loraine McIntosh

DRIVING FORCE

John Blimke

Tim Onciul

DSM Leasing Ltd.

Richard Bell

Enable Capital Corporation

Daniel Wittlin


Equirex Leasing Corp.

Louisa Weiss

Kevin Bowman

Larry Mlynowski

Essex Capital Leasing Corp.

Joseph Schmidt

Mike Kreibich

Exculliber Leasing Inc.*

Brent Behiels

Dean Behiels

Finance Technologies Inc.

Owen J. Moher

financiaLinx Corporation

Ginter Baca

FinTaxi, sec/lp

Serge Masse

First Canadian Title

Clare Fishwick

First Capital Leasing Ltd.

Tina Pillott

Sofia Baril

Fisgard Leasing Inc.

Deanna Boyle (Greg)

Ford Credit Canada Limited

Paula Rietta

Ford Motor Company of Canada,

Limited

Caroline Hughes

Foss National Leasing

Jeffrey Hartley

Freightliner of Red Deer

Ross Lane

GE Capital Solutions Canada

Jonathan Katz

Frédéric Bélanger

Patrick Palerme

Greg Côté

Michael Meligrigoris

Nicolas Delisle

Derek Phundstein

Jean-François Bertrand


Annik Paul

GE Commercial Finance

Lou Vigliotti

GE Fleet Services

Ken Johnson

Leslie Battrick

Gold Key Pontiac Buick (1984) Ltd.

John Costelloe (Toni)

Goldman Sachs Specialty Lending

Group

Joe Romic

Goldman Sachs*

Rick Prewitt

Graphic Arts Financial, a Division of

Gorda Financial Corporation

David Wagner

Greybrook Credit Corporation

Stephanie Gowing

Halton Autolease Inc.

Peter Bellm

HKMB Capital Solutions Corp.

David Sharpless

Robin Wilks

HKMB International Insurance Brokers

Dorothy Szymkow

Don McDonald

John Hawkrigg

Honda Canada Finance Inc.

David Sudbury

Jean-Marc Leclerc

Horne LLP Chartered Accountants

Michael Banks

IBM Global Financing - Canada

Ben Nikolaevsky

Stephanie Monk

IndCom Leasing Inc.

John Funnell

Interior Leasing Corp.*

William Lee

International Decision Systems Inc.

Denny Iskierka


Irwin Commercial Finance

Mark Cannon

Dean Meppem

Alex Jung

George Robert Murphy

Joe Laleggia

Jim Pattison Lease

Dan Purdy

Tom Simmons

Jim Peplinski's Leasemaster

Peter Opar

Kerry Litzenberger

Tyler Albert

Key Equipment Finance Canada Ltd.

Richard McAuliffe

Shaun Danton

KPMG LLP

Tony Italiano

David Schlesinger

Michael Stewart

Landmark Vehicle Leasing

Terry Berman

Mark Emin

Lavery, de Billy S.E.N.C.R.L. Avocats

Pierre Denis

Lease Link Canada Corp.

Penny Thome

Darren Brook

Lease Plus Services Inc.

Wayne Behiels

Lease-Win Automotive Group Inc.

Ron Rubinoff

Leasebank Credit Corporation

Bruce Atkinson

Ed Dias

LeaseTeam, Inc.

Stephanie Manganaro

Bryan Hunt

Liftcapital Corporation

Peter McDonald

MacAnders Capital Finance Corp.


Brian MacDonald (Catherine)

Macquarie Technology Finance*

Andrew Watson

Glen Yaretz

Chris Schmit

Manulife Financial

Laurie Harding

Patrick McGrath

Maxium Financial Services Inc.

Judy Smiley

John Barraclough

Mazak Credit Corporation

Bruce Hill

MCAP Leasing

Eugene Basolini

Grant Damery

Dion Farentino

Gord Herridge

Peter Knight

Greg Weber

Medicard Finance Inc.

Ann Kaplan

Mercado Capital Corporation

Randy Smyth

Miller Thomson LLP

Joseph Yurkovich

Mintage Financial Corporation

Aaron Davison

Scott Pfeifer

Motor Dealers' Association of Alberta

William Watkin

Nascorp Leasing Ltd

Michael Hart

National City Commercial Capital Corp.

Rob MacFarlane

Jack Marandola

Bob Rinaldi

Gordon Barrett

National Leasing

Nick Logan

Tom Pundyk


Nelson Investment Group

Marc Boutet

Nissan Canada Finance, a Division of

Nissan Canada Inc.

Randall Brown

Tom Wilson

Northstar Leasing Corporation

Phil Rubinoff

Robert Elrick

Steve Sperling

Bruce Collingwood

O'Regan's National Leasing

Michael Burke

P&D Technologies

Sue Hibberd

Pay Net Inc.*

Tom Ware

PayNet, Inc.*

Sam Kashy

Jennifer Marian

PDP Technologies

Jim Pitcher

PHH Arval

Jim Halliday

Sean Connor

David Cardew

Carol Rork

Pitney Bowes Global Credit Services

Cliff Martz

Arlene DeGroot

Polaris Leasing Ltd.

Michael Casey

Premier Lease & Loan Services

Jina Clarke

Barb Kreunen

Mario Martel

Badria McIntee

RBC Capital Markets

Ian Benaiah

RBC Capital Markets/National Client

Group

Paul Redmond


Recombo Inc.

Jose Castro

Relational Technology Solutions*

Douglas Johnson

Repair Industry Finance Corporation

Monte Coates

Lance Kadatz

Royal Bank Financial Group

Bruce Pennington

Royal Bank Leasing

T.R. (Terry) Cable

RSM Richter, LLP

Joseph Celetti

Michael Lewicki, CA

Henry Rosenblum

RVI Group

Roger Moolin

Sako Leasing Inc.*

Gregory Korsos

Sawka Group of Companies

Clint White

Dave Poland

Scotia Leasing

Larry Fraser

Securcor Corporation

Brian Rodd

Peter Freill

Jason Patterson

Dara Coulter

Tom Howse

Securefact Corporation

Gabor Horvath

Shapiro Hankinson & Knutson

Rod McCloy (Margaret)

Shaw Lease & Truck Rentals

Dan Smith

Software Capital Corp.

Rod Hamilton (Kim)

Somerville National Leasing & Rentals

Ltd.

William Somerville


Doug Moore

Spartan Services Inc.

Mark Furlong

Neil Woods

Stonebridge Financial Corporation

Robert Colliver

Rhea Dechaine

John Estey

Summit Credit Corporation

Mark Sinkic

Sun Life Financial

Jeffery Mayer

Moe Danis

Brad Baechler

Brian Walmsley

Swandel and Associates

Murray Derraugh

Hugh Swandel

Textron Financial Canada Limited

Craig Lewis

The Leasing Group Inc.

Allan Kamineski

TIP Capital

Thomas Rutherford

Torkin Manes Cohen Arbus LLP

David Chaiton

Transcourt Inc.*

Bruce Daccord

TransportAction Lease Systems Inc.

Dennis Kuysten (LuAnne Lafrenz)

Travelers Financial Corporation

Jim Koury

Roberto Cortese

VantageOne Capital Inc.

Gail Holland (Ivor)

Sandy Humphrey (Dave Frahm)

VFC Inc.

David Ryde

Walker Credit Canada Ltd.

Tom Panoulias


Tom Tsiokos

Waterpoint Financial Group Inc.

Ron Ganase

John Stout

David Nickel

Wells Fargo Equipment Finance

Company

Karen Sweet

Dave Ralph

Joseph Fantauzzi

Westana Leasing Corporation

Perry Paterson

Don Laurin

Stan King

Wheels, Inc.

Steve Somers

White Clarke North America

Jonathan Dodds

Stephen McCrory

Wilson Vukelich LLP

Andy Ayotte

Boris Muchalov

Wright Express Corp.*

Gary Robbins

WS Leasing Ltd.

John Gowans (Diane Berglund)

Business Description of Companies (As provided by the companies themselves)

Déscription de activités commerciales des enterprises

(telles que fournies par le enterprises memes)

*Non-members/non-membres

Business Description of Companies (As provided by the companies themselves)

Déscription des activitées commerciales des enterprises

(telle que fournies par les enterprises elles même) ABN AMRO Leasing Equipment Finance Company.

Addison Leasing Vehicle leasing and fleet management.

Aird & Berlis LLP, Barristers & Solicitors

Law Firm.

ARI Financial Services Inc. Long term leasing of cars & trucks.

Asset Inc. Registry = Recovery. Web applications to automate and facilitate asset registration and third party recovery services.

Atticus Financial Group Equipment & vehicle lease broker.

BAL Global Finance Canada Corporation

BAL Global is the Canadian arm of Bank of America Leasing. A mid to large ticket vendor origination equipment finance company.

Bank of Nova Scotia – Leasing division

Commercial banking.

BCG Business Capital Group Inc.

One of Canada’s leading lease originator companies; offering a suite of commercial & consumer financial services coast to coast.

Blake, Cassels & Graydon LLP National law firm.

Blaney McMurtry LLP Full service mid-sized law firm. Represent a diversified lender group including schedule / banks, leasing companies and non-traditional lenders.

BMO Bank of Montréal BMO Financial Group is a highly diversified financial service provider. We offer clients a broad range of personal commercial, corp., and institutional financial services across Canada and in the USA.

Bodkin Leasing Corporation National Vehicle and equipment lessor servicing commercial clients throughout Canada.

Canada Life Assurance Company*

Financial services.

Canadian Automotive Fleet Magazine

Fleet management publication.

Canadian Black Book Electronic services and data provider. Publishers of the Canadian Black Book's containing wholesalers/retail and new & used residual values for the automotive industry and consumer marketplace. Developer of retail, wholesale and fleet analysis applications for use in the automotive, automotive finance and insurance industries.


CSRS is Canada’s premier provider of high quality services connecting the business community with federal, provincial, and municipal government registries.

CARFINCO INC. Indirect non-prime auto finance.

Cassels Brock & Blackwell LLP A full service law firm in Toronto which has been providing legal services to Canadian and international clients for over 115 years.

Caterpillar Financial Services Ltd.

For 25 years, Cat Financial, a wholly owned subsidiary of Caterpillar Inc., has been providing a wide range of financing alternatives for Caterpillar machinery and engines, Solar ® gas turbines and other equipment and marine vessels. The company also extends loans to customers and dealers. Cat Financial has offices and subsidiaries located throughout the Americas, Asia, Australia, and Europe, with headquarters in Nashville, Tennessee.

CHP Consulting Ltd.

CHP Consulting is the leading supplier of software solutions and consultancy services to top asset finance organizations world wide.

CIBC World Markets Inc. The Canadian Securitization Group at CIBC World Markets provides a complete suite of securitization services. From structuring through to portfolio reporting, we have significant experience across all asset classes and transaction sizes.

CIT Financial Ltd. Lease finance company.

CitiCapital Commercial Corporation

CitiCapital is a strategic business unit of Citigroup, which is recognized as the world leading financial service provider to individual and corporate clients. Currently ranked as one of the largest asset and equipment finance companies in Canada.

Concentra Financial, Commercial Leasing

Concentra is a whole financial services provider.

Constellation Financing Systems (formerly APAK Systems Inc.)

Provides financial systems to finance and leasing companies.

Corpfinance International (“CFI”)

Corpfinance International Limited is an investment banking boutique with significant experience in the securitization of

motor vehicle leases and conditional sales contracts as well as other asset classes.

CSI Leasing Canada Ltd We are a leasing company with offices in Canada, USA, Germany, the UK, Brazil, Mexico, Columbia, Argentina and Central America. We specialize in technology leasing and asset management.

Davis LLP Davis LLP is a law firm, established in 1892, currently has 200 lawyers with offices in Vancouver, Toronto, Montreal, Whitehorse, Yellowknife, Edmonton, Calgary and Tokyo.

Deloitte & Touche Chartered Accountants LLP

Public accounting firm

DRIVING FORCE Driving Force is a major rentals, leasing and sales company to both commercial & retail marketplace.

DSM Leasing Ltd. Equipment financing – mid through large ticket transactions.

Enable Capital Corporation Asset based leasing & finance company.

Equirex Leasing Corp. Focused in commercial and industrial equipment leasing, servicing the sub-prime and near-prime segments of the Canadian Market.

Essex Capital Leasing Corp. Essex Capital Leasing Corp is a small to mid ticket asset based financing company located in southwestern Ontario.

Finance Technologies Inc. Software solutions for equipment lessors.

FinanciaLinx Corporation Origination, sale and servicing of automobile leases.

FinTaxi, sec/lp Financing of taxi permits in Québec.

First Canadian Title First Canadian Title is Canada’s leading provider of title insurance for residential, commercial real estate transactions and PPSA insurance transactions.

First Capital Leasing Ltd. Leasing brokerage firm

Foss National Leasing Foss National Leasing provides fleet leasing and management services on a national basis. Management services include fuel and maintenance management, accident services, licensing, taxable benefits and fleet management outsourcing.

Freightliner of Red Deer* Commercial truck sales and finance.

GE Capital Solutions Canada

With more than 20 offices across Canada, GE Capital Solutions offers innovative financial products and services that can help take your business to the next level. For more information: www.gecapitalsolutions.ca.

GE Fleet Services Vehicle leasing and fleet management.

Gold Key Pontiac Buick (1984) Ltd

Vehicle wholesale lease company. All makes and models, especially medium duty trucks - anywhere in Canada, mainly BC.

Goldman Sachs* Global investment bank and capital provider.

Greybrook Credit Corporation Greybrook Credit Corporation is a leading sub prime lender, offering innovative financial solutions to automobile dealers.

HKMB International Insurance Brokers

Insurance and risk solutions to the finance and leasing industry.

Honda Canada Finance Inc. Automotive captive finance company.

Horne LLP Chartered Accountants

Horne LLP Chartered Accountants serves GTA clients in the automotive sales and leasing business who also engage in securitization transactions.

IBM Canada Limited IBM Global Financing, a division of IBM Canada Limited leasing /financing division.

IBM Global Financing – Canada IBM strives to lead in the creation, development and manufacture of computer systems, software, networking systems, storage devices and microelectronics.

Interior Leasing Corp. Privately held sub-prime lessor.

Irwin Commercial Finance Our employees in Canada and US serve the financing needs of franchisees and manufacturers and vendors for small –to-mid-ticket leases. The company’s leasing division focuses in customers in Canada and the US and the franchise finance business targets quick service and casual dinning franchisees in the US.

Jim Pattison Lease Part of the Jim Pattison Group dealing in vehicle (used and new) leasing to major organizations.

Jim Peplinski's Leasemaster Vehicle leasing and fleet management company.

Key Equipment Finance Canada Ltd.

Key Equipment Finance Canada Ltd. partners with vendors of technology and capital asset equipment providing lease financing to their business customers. They also provide direct financing solutions to corporate and commercial clients for equipment acquisitions.

KPMG LLP Public accounting firm.

Landmark Vehicle Leasing National vehicle leasing company, leasing to fleets and individuals. We specialize in custom leases on new and quality pre-owned vehicles. Established in 1985, Landmark Vehicle Leasing has continued to grow and enjoys a customer base of over 5000 lessees.

Lavery, de Billy LLP Law Firm.

Lease Plus Services Inc. Lease Plus Services Inc is a funder and lease brokerage firm incorporated March 1990.

LeaseTeam, Inc. Since 1989, LeaseTeam, Inc. has provided software solutions to equipment finance companies, enabling them to streamline processes and improve performance.

Lease-Win Limited Established in 1970 to provide vehicles for either fleets or personal use. They service what they lease with no charge courtesy cars.

MacAnders Capital Finance Corp.

A small to medium ticket leasing company which has experienced amazing growth since its beginning in 1997.

Manulife Financial A leading Canadian-based financial services company operating worldwide, offering a diverse range of financial protection products and wealth management services.

Maxium Financial Services Inc. Maxium Financial Services Inc. provides structured lease financing and asset management services to Canada's leading businesses.

Mazak Credit Corporation Arrange financing for the sale of Mazak machines in the U.S. and Canada

MCAP Leasing MCAP Leasing is a leading Canadian leasing company which originates, funds and services a full range of financing for business and professionals.

Mercado Capital Corporation Mercado, one of Canada’s largest independent finance companies delivers flexible leasing solutions across Canada.

Miller Thomson Miller Thomson LLP is a national business law firm comprised of over 500 professionals working from 9 offices across Canada.

Mintage Financial Group Asset based lender – focusing on oil and gas sectors in Alberta, Saskatchewan and British Columbia.

National City Commercial Capital Corp.

Provides funding and leasing services to equipment lessors, manufacturers, distributors, vendors and direct end-users.

National Leasing Setting the standard in North America for fast, efficient and attentive financing services.

Nascorp Leasing Ltd. Lease brokerage

Nelson Financial Group LTD. Consumer finance company.

Nissan Canada Finance Inc. (a division of Nissan Canada Inc.)

Captive automotive finance company providing retail and lease financial services to Nissan and Infiniti dealers across Canada.

Northstar Leasing Corporation Northstar is a Canadian leader in providing lease financing through its channel of brokers and vendors. Well established (1983), Northstar has the programs to find any and all business requirements.

PayNet Inc* PayNet Inc. provides the commercial lending industry predictive credit and risk management tools to help increase approval rates, mitigate risk, reduce operating expenses and improve overall operating efficiencies.

PDP Group, Inc. PDP is a national provider of insurance and tracking services for the automotive industry, providing excellent service and exceptional products.

PHH Arval A full service provider of fleet management solutions with international expertise, strong customer focus and award-winning technology.

Polaris Leasing Ltd. Small ticket equipment lease funder, underwriting a broad range of equipment assets across Canada.

Premier Lease & Loan Services Premier Lease & Loan Services, member of Great American Insurance Group, is an industry leader providing exceptional insurance products and services. Please visit www.plls.com or call us at 800-625-6694.

Relational Funding Canada Corp *

Provides financing, disposition and supply of IT related equipment.

Repair Industry Finance Corporation

Publicly traded specialty consumer finance company in the automotive after market.

RSM Richter, LLP RSM Richter is an independent accounting, business advisory and consulting firm.

Securcor Corporation Asset securitization.

Software Capital Corp. Working with software vendors and end users, Software Capital Corp. is Canada's only financing company devoted solely to the financing of software and related services.

Somerville National Leasing & Rentals Ltd.

An independent vehicle leasing company with offices in Toronto and Calgary. National car rental licensee in Woodbridge, Bolton, Richmond Hill, Newmarket and Oshawa.

Stonebridge Financial Corporation

A prominent Canadian financial services company, well known for its ability and expertise in structuring financings for syndication in the institutional market. Stonebridge provides highly specialized services in project finance, structured finance, bulk lease finance, and financial advisory.

Sun Life Assurance Company of Canada

A leading funder of the leasing industry. It has been providing insurance and investment solutions since 1870.

Swandel and Associates Provide the leasing industry with merger and acquisition, securitization, debt and general management consulting.

Textron Financial Canada Limited

Lease & Loan Financing specializing in golf & turf equipment financing.

TIP Capital Independent Leasing Co.

Transcourt Inc* Leasing company – specializing in tank trailers.

TransportAction Lease Systems Inc.

Best vehicle leasing company in Canada. Both fleet leasing and consumer leasing as well as remarketing and admin services for other lessors.

Travelers Financial Corporation A leading provider of financial services to consumers and commercial clients in North America.

VFC Inc. Non-prime auto-financer.

Wells Fargo Equipment Finance Company

Financial services company.

Westana Leasing Corporation Alberta based leasing company engaged primarily in the small ticket lease industry.

Wilson Vukelich LLP A boutique law firm specializing in financial services, corporate, tax and commercial litigation

WS Leasing Ltd. WS Leasing Ltd. Is a vehicle and truck lessor in Western Canada. WS Leasing is wholly owned subsidiary of westminister savings credit union.

Documents

Delegate Roster Répertoire des délégués · structuring through to portfolio reporting, we have significant experience across all asset classes and transaction sizes. CIT Financial