That's what I thought - this quote seems to clearly contradict the suggestion that BIG is underwriting the interest free loans:
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 and had 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."
That's what I thought - this quote seems to clearly contradict...
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