Former GE Capital's Australian and New Zealand consumer finance business Latitude Financial launches a $840 million master trust for its credit card business.
April 02, 2017 at 09:00 PM
1 minute read
The original version of this story was published on Global Lawyer News
Clifford Chance and King & Wood Mallesons have won roles as Australian consumer finance business Latitude Financial Services launches a A$1.1bn, or $840 million, master trust for its credit card business.
It is the first deal of its kind in Australia, involving a master trust structure like those used in the U.K. and U.S., which allows a collection of funds from individual investors to be pooled together.
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