ashwinp, My understanding was that the asset pool stock for these loans was held in Unbolted's posession. In which cases will you allow stock to be kept in showrooms and shopfronts, and what would the impact be on the interest rate paid given the obvious increased risk to recovery in this scenario? Also, in these cases would this be clearly indicated in the details of the loan to allow a decision to be made as to whether to invest or not?
Following response received to this question by email;
All our working capital loans are where we have possession. If we are to ever do a loan without possession (there is no current plan) - we will certainly be making it very clear to lenders and not do auto-lend.