Business
Clouds hang over Greensill’s future – The Australian Financial Review
Cheap and abundant capital has been crucial to Greensill Capital’s supply chain financing product. But where too much capital exists, risks will emerge.
Greensill saw supply chain finance as helping cashflow-poor small businesses get access to money that is rightfully theirs by harnessing the power of the bond market in a way that hadnt been done before.
Greensill Capital raises money by packaging up the loans it makes to businesses to pay their suppliers and then selling these packages of loans in bond markets.
It makes money on the arbitrage between the discount suppliers are prepared to accept to be paid early and what Greensill Capital pays…
-
General15 hours agoICAC investigating University of Wollongong as chancellor grilled at Inquiry
-
General23 hours agoTwo people arrested after man fatally shot at McLaren Flat
-
Noosa News14 hours agoE-Scooter accident | Noosa Today
-
General17 hours agoOscars to move to free streaming on YouTube in 2029