back where we started, page-12

Pmandj,

my understanding is it's for EUR10m with Phase I completion providing CDB with the issue of Leased Financial Instruments to the value of around EUR10.56m, probably includes the mgt fee.

I believe Phase II is where they monetise these instruments through a 'European bank' with similar funds in place.

My question is how certain are these LFI's and is it like money in the bank now or do they still need to convince whomever is paying/covering the value of the asset backing??????

No answer yet...

Hope that helps