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Give them a chance...the expert is yet to make his apprasial...but as I said (many times) anybody who actually knows how to the wholesale money market works (rather than has an opinon on how it works) and can use a financial claculator could see thru this offering in an instant.

jamie...the former

JamesGG..... I agree...lets hope Thommo takes up your good advice. Natalie

As I stated above, I work in structured finance, not mortage lending and how can anybody work for a competitor of Derivex???....as far as I know there are no other zero intererest mortage lenders. BTW....your ideas relating to trading/cross currency exposure etc are all wrong....in fact...

I work in structured finance and prior to that I worked in currency/interest rate/commodty markets as a trader (both here and OS)...I have never worked in the vending machine market or any vending machine related industries. I have from time to time bought a kit kat and/or can of coke from a...

Thommo...do you wish to borrow a bigger shovel ?

Thommo...I'm sorry but you really don't know what you are talking about....but to be fair i no nothing about vending machines either. (the differnce is I choose not to comment on them and then claim that I'm an expert)

If you borrow in another currency and don't hedge the risk then all you are doing is gambling. ....that is not a valid or sustainable model to fund a business or lending program. If this is how Derivex (or anyone else) suggests they are fundng themself then there is no way any rating agency...

A Derivex home loan lasts for 20 years...the USD crisis may last for 12 mths...how do you cover the exchange risk for the remaining 19 years??? I will say it again...it odesn't nmatter where the other currencies or interest rates are ...the cost of the hedge will negate 99.98% of the so...

"THe London InterBank Offered Rate (LIBOR) is about 0.1875% for yen which is capital for almost nothing in my books." ...add the cost of a currency hedge and the true rate will be about 5.25%. I'm sorry to have to bring reality to this discussion fellas but the banks operate under a...

Anybody that knows how to work a financial calculator will be able to confirm that the product does not work...future value and present value are two concepts in finance that are omnipresent...there is no way around them. As for issuing bonds in the market to lock in their profit....total BS.

Let me point out (again) that is you borrow in USD or Yen and then hedge the currency risk you will not save more than 1/10 of 1% on your borrowing rate. (and that would be on a good day) If you borrow in USD or Yen and don't hedge your currency risk you should be commited to the nearest...

The whole 3 tier CMT step bond residual bond tranche amortising pass thru annuity convertible paired hedge arbitrage risk free claim is all bullsh!t. Just beacuse you have access to a financial dictionary it does not mean you can defeat the laws of present and future value of a cash flow...

Lenders that are not banks or ADI's do not realy come under anybodies gaze untill they break the law, at which point ASIC or the Dept of Fair trading steps in and deal with them like they would a panel beater doing 2nd rate repairs or a mobile phone company who overcharges. Bill is correct in...

I had a quick read of the letter of offer and it all seems OK. What you really need to look at is the "Terms and Conditions" booklet that is mentioned a couple of time in the Letter of Offer. I had a quick look and I could not find this booklet on either the IFHL website or the Derivex...

I can't seem to find the valuer panel details. There was a question (seems to have been delaeted) about who IFHL are .....IFHL are a legitimate company that has been in existance for sometime, here are their details from the ASIC site: Name IFHL AUSTRALIA LIMITED ACN 112 094 274...