Sorry I don't understand your logic. If FC Capital says they...

Sorry I don't understand your logic. If FC Capital says they maintain the credit risk of the finance how does that lead to your interpretation that BIG is responsible. We still don't know why the GSA exists, the terms are not known. Facts please.


AFR article:

FC Capital chief executive Brad Prout confirmed that FC Capital held a "General Security Agreement which secures the performance obligations of BIG Un under the sponsorship agreement".
He said it did not secure the payment obligation of Big's customers who have received video content and agreed to pay by instalments.

"That SME customer payment/credit risk is then ours – which is our core business."
Mr Prout said it was for Big Review TV "to decide if the existence of the GSA ought to be disclosed."