ABS to deliver £1bn p.a. Green Deal funding
The UK market for consumer loan ABS could get a shot in the arm after an industry-led consortium this week signed a memorandum of understanding to develop the business plan for a special purpose vehicle called the Green Deal Finance Company.
GDFC will aggregate UK consumer loans used to finance household energy savings and fund them in the capital markets via ABS issues.
The UK government has set up a legal framework called the Green Deal, which will allow private firms to offer all consumers energy efficient improvements to
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