I don't have the same assumptions as you so my take is very different as per my previous posts and Ryzie's post at the start.
I see the Video Offer by BIG put forward to FCC as either 1 or a combination of their video / video marketing packages.
FCC then fronts 35% of the cost of the package to BIG, keeps 41% security deposit aside and FCC keeps 24% commission.
BIG then completes the work.
Then the customer is asked to accept the product and become an Accepted Customer.
The customer accepts.
41% is released to BIG as above.
Total cost of videos is then added to the FCC finance package between the client and FCC.
I wouldn't presume there's no interest on the FCC finance product, it would depend on the terms, repayment schedule, if the customer maintains the repayments required, if they draw down on extra finance etc etc etc.
How FC financing works for BIG, page-129
Currently unlisted. Proposed listing date: WITHDRAWN
Add to My Watchlist
What is My Watchlist?