stackyFACTSSupply chain finance sounds incredibly boring until a $10 billion firm completely implodes.
Supply chain finance sounds incredibly boring until a $10 billion firm completely implodes. Greensill Capital exploited the gap between when goods are delivered and when they are actually paid for, turning mundane corporate IOUs into risky investment funds. When insurers realized the loans were backed by prospective, imaginary future business rather than real invoices, the credit dried up, paralyzing steel empires and global supply chains instantly.
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