Point-of-sale finance company ThinkSmart says it has finalised a new funding model that will see it move from bilateral funding to a securitisation model.
ThinkSmart CEO Ned Montarello said, in a statement, that securitised funding was more efficient because ThinkSmart could invest in its own notes.
The financier plans to sell asset-backed notes to external investors in the medium term.
The company’s warehouse funders are Westpac and Bendigo & Adelaide Bank.
ThinkSmart moves to securitised funding
27 June 2012 6:48am
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