RNT 0.00% 2.0¢ rent.com.au limited

Ann: Presentation to ASX Small & Mid Cap Conference, page-15

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 9 Posts.
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    You can't 'play' with trust money, but it must sit in a bank or deposit account, where it will earn interest (at least in normal times it will earn interest).

    Under APRA APS 210 a bank should be able to treat this as retail money, therefore the bank can pay higher rates of interest.

    RNT can take a cut / margin / fee of that interest.

    Right now RNT probably won't get much for this cash, but as the amount grows, banks will pay more for the large amounts of cash (say $5,000 x 100,000 users). It is possible to make this money work harder. Interest rates will go higher eventually.


 
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