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To: Dana Merrill who wrote (6483)8/24/1998 6:23:00 PM
From: John Chew  Respond to of 7054
 
You got it. In turn Actrade could hold the TAD as inventory or sell it off to a bank. The bank would also purchase this same TAD at a discount. The difference in discounts would be Actrade's profit. The gross profit would be smaller than holding until maturity, but Actrade could turn their capital faster--earning more on their net margin.




To: Dana Merrill who wrote (6483)8/25/1998 12:34:00 AM
From: Mr. Pink  Read Replies (1) | Respond to of 7054
 
Dear mr/mrs merrill:

Mr. Pink is referring to the recent Forfaiting transaction where the company earned the usurious rate of over 5.7% for one month's financing. Yoou do the math.

Mr. Pink


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