Ann: Debt Facility, page-3

Their investor presentation last year had this business unit with $10.7m NPV of future trail based on settlements of $1.3bn as at June '21. Of the 3 main business areas this one has the best margin potential as the mortgage products are owned so YBR is not just selling other's mortgage products but also offering their own. Increasing settlements will only improve this NPV figure. Having the funding allows settlements which can then be sold to the bond market. AFG for instance has issued over $5.7bn since 2013 including an issue of $450m recently.