AssetMaster

AssetMaster framework agreement

The framework agreement covers the key matters related to the management and financing of your company’s equipment. Individual items are added to the limit in a separate equipment management system. The system provides your company the follow-up of equipment and costs per accounting unit as well as up-to-date reports for different needs.

Agreement in brief

• Limit size is based on an estimate of annual equipment acquisitions
• Lease payments increase the limit available
• The amount of financing for an individual item is the tax-free purchase price
• The lease period is 2 - 6 years
• The leases are debited every three months in advance according to the annuity principle
• Residual values differ by type of equipment
• The item must be delivered acceptably before payment to the seller
• The items must be insured by your company or by Nordea Finance