Huntleys' Stock of the Week
Marketplace
Collection House Signs New Forward Flow Agreement
Wednesday June 11, 2008, 11:24 am

Original Announcement: Collection House Signs New Forward Flow Agreement

Collection House announced that it had executed a new forward flow agreement with a major Australian bank. The agreement, which covers the acquisition of credit card debts, runs for 12 months and is for approx $50m in face value. As previously announced, debt purchases for the 2007/08 financial year are expected to exceed $65m compared with $29m for the 2006/07 financial year. The new contract is likely to have little impact on the current year with purchases largely to occur in the 2008/09 financial year.

More information about CLH.AX
  •   

    • Copyright © 2009 Yahoo! Pty Limited. All rights reserved.
    Advertise with Us - Privacy Policy - Terms of Service - Help