PNC 1.90% 51.5¢ pioneer credit limited

Ann: Pioneer enters five year 'forward flow' agreement with CBA, page-5

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  1. 2,983 Posts.
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    I have always assumed that the forward flow is non performing > 180 days in arrears and passed on by the banks for collection. PNC then converts them to performing or takes a haircut of upfront payment.

    Its always been a part of the business model....
 
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