My understanding is that ISX wont and cant offer credit or loans...

My understanding is that ISX wont and cant offer credit or loans under their proposed ADI as its a Purchased Payment Facility (PPF) Authorised Deposit Taking Institution (ADI) license, which payal NYSE also have?

So ISX are more of a custodial of wholesale funds managed so strictly concentrate on payment operations, custodial, indirect retail and wholesale electronic money PPF accounts.

I had the thought by all this ADI talk that they were applying for a full blown ADI but seems its a certain type being PPF.
The bonus is you don't have the standard ADI capital requirements, but on flipside cant offer credit/loans

Anyway back to my hole.
SP done well after the drop yesterday.