There is obviously a Gross Exposure to Greensill, and through measures IAG have implemented, they believe there is no Net Exposure. Question is what could cause a No Net Exposure to become a positive Net Exposure (adverse) exposure to occur? Something going wrong in the claims process of IAG claiming on its reinsurance with other insurers. Strength of the IAG belief must be nothing will go wrong here.
Ann: IAG provides an update on BCC Trade Credit Pty Ltd (BCC), page-32
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