a warehouse facility is used when u want to take loans or write loans off your balance sheet almost all non bank lenders use a warehouse facility from a bank , merchant bank etc once a predetermined amount of loans are written and catabolised these loans are then securitised and both the bank and originator (PIL) share in the margin at predetermined percentage it allows for a funding business to grow very very quickly without constantly having to ask for capital from shareholders
Ann: Annual Report to shareholders, page-82
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Mkt cap ! $16.97M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.8¢ | 0.8¢ | $59.43K | 7.429M |
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| No. | Vol. | Price($) |
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|---|---|---|
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