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Ann: FY17 Results Presentation, page-187

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13/09/17

17:51

Post #: 27194979
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Originally posted by dubspec ↑

Thats not the risk i talk about. In merchant acquiring, they access prepayment risk. Ie, if i pay for a good today abut the service/product is delivered in 60 days then there is a 60 prepayment risk. Its more if the airline doesnt deliver the service or goes bust and the merchant (in this case APT) is tthen inundated with chargebacks. The simple calculation most banks use is .. (prepaymentdays/365)*sales. As you can imagine, with airlines, this risk starts to become very large. The acquiring bank wants security to cover this risk. So how will APT provide that security?

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Yeah because Jetstar is about to go broke.. and of the last 30 flights I have taken don't recall one service not being delivered. People have to pay all 4 payments before they can fly but then they are just a normal passenger subject to Jetstars conditions and terms

APT Price at posting: $4.38 Sentiment: Buy Disclosure: Held
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