I see how you are thinking but I think this is unlikely - even...

I see how you are thinking but I think this is unlikely - even though it has been revealed that the funding was all previously off balance sheet listed vehicle style (similar to rams special purpose entities). At least 1b of that amount is from one of NAB's own entities - centrestar capital - and anyway RHG needn't hurry to take advantage of NAB funding as it still has over 160 days on its XCP. I suppose its 5b warehouse funding, in theory, could be rolled over as NAB is a full liquidity provider (alongside an international bank) for this funding. What is interesting is mike ullmer (NAB CFO) today flagged up to 11b could be subsumed by the end of september.

You could read this a number of different ways..