Ivory Consulting is pleased to invite you to attend our 2025 SuperTRUMP certification user training from September 16–18, 2025 in Chicago. Whether you are an experienced user of SuperTRUMP or new to pricing, our instructors will teach you the capabilities and handy shortcuts of SuperTRUMP using twenty-one case studies.

Classroom training encourages dialogue with our experienced instructors and other SuperTRUMP users. During this three-day training you will:

  • Improve your understanding of IRR, MISF, and ROE calculations
  • Learn to structure transactions to win business and improve earnings—yes, it is possible to do both!
  • See how to price a syndication transaction without laborious manual effort

Class Schedule

Tuesday, September 16

Fundamentals of Equipment Lease & Loan Pricing for the Pricing Professional

This class is for new SuperTRUMP users who need to acquire a finance background before learning SuperTRUMP, or existing users who are not familiar with all the measurement / industry metrics and terms. You will learn the lease and loan calculations for IRR, MISF, ROE and “spread over” yields. Many critical aspects of ASC 842 lease classification and “True Tax” lease tests will also be covered.

This course does not require any previous knowledge.

Wednesday, September 17 and Thursday, September 18

Advancing your Understanding of SuperTRUMP through Case Studies

Students work through twenty-one case studies with an instructor using their own computer. The focus is on understanding how to use SuperTRUMP. This course is designed to introduce SuperTRUMP to a new user as well as make the experienced user much more efficient and competent.

This course requires basic knowledge of lease finance or completion of Fundamentals of Equipment Lease & Loan Pricing for the Pricing Professional.

Instructors

Our Fundamentals class is taught by Steven Pleva who has over thirty years of experience structuring equipment finance lease and loan transactions. He worked at large lessors using SuperTRUMP and later joined Ivory Consulting where he supports many clients. SuperTRUMP certification user training is taught by an ensemble of excellent teachers who have many years of SuperTRUMP experience.

Who Should Attend?

  • Lease/Loan Salespeople
  • Syndicators
  • Corporate Pricing Analysts
  • Managers/Directors
  • Accountants
  • IT Specialists

Registration & Pricing

September 16–18 | Chicago, IL

For registration or questions, please contact us at 925‑926‑1100 extension 100.

The cost for all three days of training is $1,999 which includes breakfast and lunch in the classroom.

Training manuals and software are provided. Please bring a laptop computer if you are taking Advancing Your Understanding of SuperTRUMP through Case Studies (Wednesday and Thursday) to perform the class work. If you cannot bring a laptop, please advise us at least two weeks in advance and we will provide a loaner for you. We will supply the templates and the latest version of SuperTRUMP. There is no advance preparation needed for either class.

All cancellations will be honored with a full refund, less a $50 enrollment fee.

Detailed Curriculum

Fundamentals of Equipment Lease & Loan Pricing for the Pricing Professional

This class is for new SuperTRUMP users who need to acquire a finance background before learning SuperTRUMP, or existing users who are not familiar with all the measurement / industry metrics and terms. You will learn the lease and loan calculations for IRR, MISF, ROE and “spread over” yields. Many critical aspects of ASC 842 lease classification and “True Tax” lease tests will also be covered.

Advancing your Understanding of SuperTRUMP through Case Studies (Part 1)

Wednesday, September 17 will cover the following case studies:

  1. Lessor Mode, Basic Tax Lease Using a tax lease template, learn how to fill in the SuperTRUMP quick screen and target for MISF, IRR, Spread over Index, and ROE (either pre-tax or after tax).
  2. Lender Mode, Loans Using a loan template, learn how to fill in the SuperTRUMP quick screen and target for MISF, IRR, Spread over Index, and ROE (either pre-tax or after tax).
  3. Conditional Sales Contract, Template Files, & Quotes Using a lease template, learn how to price a conditional sale, create a reusable template, and work with quotes.
  4. Fees, Simple & Multiple Learn how to work with multiple fees and income items as well as target a residual value.
  5. Basic Asset Details & Delayed Funding Learn how to work with the asset screen and change some of the basic parameters (MACRS, AMT). Also, see the effect of delayed funding.
  6. Simple Structures Learn the effects of different payment structures like low-high, two payments in advance as well as date conventions regarding 30/31.
  7. Basic Rent Screens Learn how to price unusual payment structures such as skips, one-time contract payments, and residual realization timing.
  8. Interims, Loans & Leases Learn how to work with loan and lease interims and understand their effects on pricing.
  9. Security Deposit Price a lease with a security deposit and understand the effect on yield and termination values.
  10. TRAC & Split-TRAC Leases Learn how to price a TRAC/split-TRAC lease and understand the effects on lease classification.
  11. Simple Subsidy Learn how to price with vendor and captive subsidies to win the business and enhance lessor yield.
  12. Multi-Asset Learn to enter more than one asset, each with different residual, delivery, and funding dates, and different depreciation, all tied to a single lease.
  13. Muni/Tax-Exempt Leases Learn to price a muni/tax-exempt lease and explore the settings necessary for the calculation.
  14. Termination Values Learn to produce a termination table to either protect or enhance your economic yield.

Advancing your Understanding of SuperTRUMP through Case Studies (Part 2)

Thursday, September 18 will cover the following case studies:

  1. Lease Syndication Learn to determine the price to pay, as of a funding date, for an existing tax lease to earn a desired yield and see the simplicity of the chop feature.
  2. SuperTRUMP Web Learn to price leases and loans using SuperTRUMP Web, using a web browser or tablet.
  3. Capital Lease Treatment Learn how to price operating and capital leases and how to turn an operating lease into a capital lease with RVI insurance.
  4. Leveraged Leasing & Back-Leveraging Learn the effect that leverage has on leases, whether it is a leveraged lease or one that uses back leverage.
  5. ITC & Excel to SuperTRUMP Learn how to determine the MISF yield effect of green energy credits and import data from Microsoft Excel.
  6. Like-Kind Exchange (LKE) Learn how to price the value of using the IRS like-kind exchange benefit in a new lease.
  7. MS Word & SuperTRUMP Interface Learn to take data from SuperTRUMP and integrate it into your custom Microsoft Word documents.