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…
-
Noosa News22 hours agoTributes for woman allegedly mowed down on footpath in Maroochydore; Guilherme Dal Bo charged
-
General15 hours agoTwo people arrested after man fatally shot at McLaren Flat
-
General19 hours agoMan refused bail charged with depicting Adolf Hitler and Nazi symbols on boat
-
General8 hours agoThe one tweak that could grow your super by $200,000