"Earlypay notes that economic forecasts anticipate interest...

"Earlypay notes that economic forecasts anticipate interest rates to continue to rise during FY23, which will impact on funding costs with the majority of Earlypay’s facilities structured as a fixed margin + BBSW. In the Invoice Finance division, client contracts are on variable rates, allowing adjustment in-line with interest rate changes, which protects Earlypay from margin compression in the case of interest rate increases. In the Equipment Finance division, Earlypay utilises interest rate hedging in its primary Equipment Finance warehouse to reduce the impact of rising rates. The rate card for new transactions is updated regularly to maintain net interest margin through time."