Yeah mate thats what my understanding is; the capital that is committed in setting up one debt warehouse wouldn't be used for another as you got to have enough of your own capital before any bank/FI can lend you money or setup a debt facility.
You can understand this with bank's example. The banks are required to provide with their own capial before they can accept deposits and lend money to customers. So in order to setup a debt warehouse facility which will be used to lend money to other customers, we need to chip in with our own share first before any bank can setup such facility for us. And the size of the warehouse also depends on the capital that we chip in. We cant have 500m of debt facility with 5m of our capital. Bigger the 'red debt of sea' bigger the capital we need to come up with to set it up.
- Forums
- ASX - By Stock
- SPX
- Ann: Investor Presentation
Ann: Investor Presentation, page-131
-
-
- There are more pages in this discussion • 36 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SPX (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $30.27M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 3575000 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.7¢ | 1747057 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 3575000 | 0.009 |
2 | 6065000 | 0.008 |
12 | 7210269 | 0.007 |
18 | 11230609 | 0.006 |
15 | 11250000 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.007 | 1747057 | 3 |
0.008 | 3611111 | 13 |
0.009 | 8040487 | 7 |
0.010 | 8761728 | 17 |
0.011 | 4832150 | 5 |
Last trade - 16.12pm 15/07/2024 (20 minute delay) ? |
Featured News
SPX (ASX) Chart |
Day chart unavailable
The Watchlist
RCE
RECCE PHARMACEUTICALS LTD
James Graham / Dr Alan Dunton, MD & CEO / Non-Executive Director
James Graham / Dr Alan Dunton
MD & CEO / Non-Executive Director
SPONSORED BY The Market Online