, Finance Committee
Financial Transactions Capital: Evidence session 1
But from a staff and sales staff—
, Finance Committee
Financial Transactions Capital: Evidence session 1
So, it goes on salaries. Do any of your staff then receive any bonuses?
, Finance Committee
Financial Transactions Capital: Evidence session 1
And how much profit would you make out of that?
, Finance Committee
Financial Transactions Capital: Evidence session 1
Thanks, Rhianon. Peter.
, Finance Committee
Financial Transactions Capital: Evidence session 1
I think you've got one last question, haven't you, Rhianon?
, Finance Committee
Financial Transactions Capital: Evidence session 1
Great.
, Finance Committee
Financial Transactions Capital: Evidence session 1
But there is an opportunity that you might overpay, if you like.
, Finance Committee
Financial Transactions Capital: Evidence session 1
For each Welsh Government department.
, Finance Committee
Financial Transactions Capital: Evidence session 1
Rhianon.
, Finance Committee
Financial Transactions Capital: Evidence session 1
Shall we bring Mike in? There we are. There we are, Mike.
, Finance Committee
Financial Transactions Capital: Evidence session 1
Rhianon, I took over there. And even Mike's got his hand up now, so I don't know—
, Finance Committee
Financial Transactions Capital: Evidence session 1
So, you're doing some mezzanine financing with that type of—
, Finance Committee
Financial Transactions Capital: Evidence session 1
And what is your minimum and maximum loan size?
, Finance Committee
Financial Transactions Capital: Evidence session 1
And what's your average?
, Finance Committee
Financial Transactions Capital: Evidence session 1
Sorry, just on some of those higher risk elements, do you then take—? Obviously, you might take a slightly larger equity stake or you might increase the interest rate. Do you secure any of that against assets at all, or against property?
, Finance Committee
Financial Transactions Capital: Evidence session 1
Fair enough.
, Finance Committee
Financial Transactions Capital: Evidence session 1
Who does that?
, Finance Committee
Financial Transactions Capital: Evidence session 1
The source, where it comes from. Okay. Thank you very much. I'm going to bring Rhianon Passmore in with some questions now. Rhianon, over to you.
, Finance Committee
Financial Transactions Capital: Evidence session 1
Is the FTC—sorry, yes. But are people aware of that? Are your customers aware of that, and therefore they understand? They might not understand the intricacies of FTC, but they understand that the money—.
, Finance Committee
Financial Transactions Capital: Evidence session 1
Does the transparency around that it is Government funds—? Sixty-five per cent of your business is Government funds coming in. Is that transparency there for the people you're lending to so that they—
, Finance Committee
Financial Transactions Capital: Evidence session 1
Because why come to you if they can go to a high-street bank and get better commercial terms, I suppose?
, Finance Committee
Financial Transactions Capital: Evidence session 1
And those interest margins or terms, are they comparable to high-street banks, or do you price for risk, because—?
, Finance Committee
Financial Transactions Capital: Evidence session 1
So, there is an ethical lending test—
, Finance Committee
Financial Transactions Capital: Evidence session 1
I'll move on to Rhianon in a second, now, to ask some questions. So, what criteria do the individual organisations have to fulfil to get into some of these funds? So, I suppose, the restrictions on the fund are probably tighter than they would be for FTC, to…
, Finance Committee
Financial Transactions Capital: Evidence session 1
Mike Hedges wanted to come in, so you might need to—. There you are—you're unmuted, Mike.
