search query: @indexterm Consumer credit / total: 61
reference: 30 / 61
| Author: | Shreeve, G. |
| Title: | NIFty deals. *RELIANCE GROUP |
| Journal: | Banker
1987 : AUG, VOL. 137:738, p. 65-66 |
| Index terms: | FINANCING INSURANCE COMPANIES USA CONSUMER CREDIT LOANS |
| Language: | eng |
| Abstract: | Securitization of the huge US' car loan business gave New York's Manufacturers Hanover Trust an idea for innovative deals. Together with the Reliance Group they signed a $160 million collateralized note-issuance facility (NIF), incorporating auxiliary programs, too. The idea is to provide financing for insurance premium business. This is a newly expanding business as small business resort to borrowing for their large insurance premiums in an effort to smooth out their cash-flow. |
SCIMA