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they definitely have a facility but initially at least they were lending through HMY's p2p business. A lot of hmy's initial p2p / off balance sheet lending was funded by instos, some who specialised in p2p, as well as individuals. I actually dont understand how that works, how can an insto be considered p2p??? but the characteristics were the lending was in trust and off balance sheet from a HMY financial perspective. HMY stopped writing off balance sheet / p2p loans and those are running off. HGH FY21 receivables via harmoney was down 37%, and then at half year it more or less haved vs the pcp. the lending they were doing via hmy looked very profitable (at least at a NIM level, dunno about NLM) so must have been p2p
I forget when it was, perhaps in the FY21 result, hgh made noises that it was working to offer HMY an on balance sheet lending facility to support its transition to an on balance sheet/warehouse business. I didn't see any update from HGH in their 1H FY22 about it or other press articles, and given how fast its receivables declined in the 1H FY22 I just assumed it hasn't been completed yet.
hmy announce from time to time they got another warehouse provider but they are always cagy about saying who it is, so we cant be sure one of those was actually HGH. the last one they announced in february was one of the aussie big 4