Protected loans endangered

Lenders offering protected loans, a type of margin loan, will in practice have to apply a lower interest rate than in the past, or at least the borrower will work out their tax affairs on the basis th.. read more

OzCar SPV risks capped at $550m

The budget papers provide some fragments of information on the OzCar special purpose vehicle created to provide a financing backstop for car dealers stranded by the departure of GE Capital and GMAC fr.. read more

Dalton hired to run ASF

Chris Dalton will be the new chief executive of the Australian Securitisation Forum, the ASF committee advised members yesterday. read more

ABIP chair named

David Borthwick is the Australian government's selection to be chair of the board of the proposed Australian Business Investment Partnership. read more

Greens give amber light to ABIP

The proposed funding assistance to commercial property developers may win Senate approval if the Australian government accepts Green proposals to increase the level of government appointments on the b.. read more

1,2,3 switching

In the largely closed world of banking and payments three entities found the courage over the 2000s to have a crack at the business of "switching", the careful, efficient and hopefully reliable busine.. read more

SPS folds into MasterCard

The second big spender in switching was Strategic Payments Services, a creation of ATM-play Customers Limited and now owned by MasterCard, with Bendigo and Adelaide Bank the minority investor. read more

Aid for Tyro

The bright sparks at Tyro Payments have spent the most on their endeavour to crack the merchant acquiring market, and also switching, in Australia. read more