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11-05-2015, 09:52 AM #1
Reputation points: 16720
- Join Date
- Sep 2014
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I get it, but it seems to oversimplify the transaction. They might not be realizing the full payback, but in exchange they lay off the credit risk and have the principal and a small premium to reinvest. It greatly accelerates the velocity of their cash cycle. If anything, it is more analogous to factoring, but that is again a simplification.
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