But there's a new--somewhat similar--program which covers banks. Hmmmm.
....Imagine I'm a shoe exporter. I ship shoes to stores in Europe, and then I wait a few weeks to get paid by the stores. But what if more orders come in, and I need to restock the shoes right away, before I get paid for my last shipment? I could just borrow from a bank. But another option is that I can just sell my invoices, in effect, to the bank. If the shoe stores owe me $1,000, I might sell Citibank, for $950, the right to be paid by those shoe stores. That's called supply-chain finance, and it's a quintessential capitalist arrangement.
What's being described is "A/R financing," usually quite expensive to the borrower compared to typical working-capital lines of credit.
So the question: if there's a 90% reduction in Bank risk, will there be a 90% reduction in the A/R-to-W/C interest rate spread?