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I'm not familiar with a lot of the terms, and I'm having trouble seeing what that all means. What is CMT & BBSW for a start? Are you saying then that at any time, as the loan is being paid off, that you are using that capital- we owe 100% of the loan, but our repayments are in effect...

Trev I guess the primary question is- how can this deal be for real? How can you earn money from it (in layman's terms)?

Trevor mentioned that mortgage brokers will be able to get involved with the product.

btw, Trevor mentioned that the product as shown on the website was only intended for professionals. The full product release for the retail borrowers is intended to be in place by mid December.

I've had a talk with Trevor. The product does sound very interesting- like Grreg, I couldn't keep up with all the things related to what appears to be complex financial deals. They will be posting later to address some of the issues- naturally, in setting up things, they are extremely busy at...

If it sounds too good... How do they generate profits? Say again? Or perhaps from the 5% fee up front, if they were not completely kosher?