@article {Scheinberg46, author = {Ronald Scheinberg}, title = {A Guide for the Perplexed}, volume = {10}, number = {4}, pages = {46--54}, year = {2005}, doi = {10.3905/jsf.2005.470598}, publisher = {Institutional Investor Journals Umbrella}, abstract = {Thousands of aircraft have been financed in the public markets by the issuance of securities known as enhanced equipment trust certificates (EETCs). Investors{\textquoteright} decisions to buy, sell, or hold EETCs are typically governed by standard investment criteria such as identity of the issuer, nature and value of collateral, loan-to-value (LTV) coverage, yield, average life tenor, and subordination. In addition, the author discusses a number of ?exogenous elements? unique to EETC securities that should also play an important role in the making of these investment decisions, including whether the financing is a mortgage or leveraged lease, and controlling party decision-making dynamics such as atomization of investors, whether investors are yield or asset based, cross holdings, fear of litigation, collecting bargaining, and whether controlling investors bought at par or a discount.}, issn = {1551-9783}, URL = {https://jsf.pm-research.com/content/10/4/46}, eprint = {https://jsf.pm-research.com/content/10/4/46.full.pdf}, journal = {The Journal of Structured Finance} }