Reply To: Insurance limit

Dear Loopy,

Thank you for the comment, we run stringent policies and procedures on the limits of the insurance and ensuring the amounts are within the limits.

It is the case, that this listing is part of the insured portion of the offerings by this client. There is another listing that is not insured and there are debtor finance listing where account holder is not the underlying obligor risk, that is why this can be offered.

The total offerings to date by this account is:

12 months – Line of Credit Uninsured 20000
12 months – Supply Chain Financing INSURED 49600
12 months – Debtor Finance INSURED 21600
36 months – Equipment Financing 25000
12 months – Debtor Financing INSURED 20000
12 months – Line of Credit Uninsured 20000
12 months – Debtor Finance INSURED 44500
12 months – Line of Credit Uninsured 20000
12 months – Supply Chain Financing INSURED 50000

You will see that the supply chain which is the only insured exposure to the account holder totals 99600 which is clearly below the limit A$120,000

Kind regards,

Marketlend