INDIRECT LOAN
Any loan transferred from a dealer that involves a third party. A buyer of indirect loans, called holder, is entitled to take principal and interest payments in due course. For instance, an indirect loan is an automobile loan extended to a customer at a dealership which is then bought by the third party at a discount. The third party in this example never met the borrower but is given the privilege to get payments from the loan.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 07:00 | Leading Indicators | Aug | |
| 11:00 | Ifo Business Climate Index | Oct | |
| 11:00 | Ifo Current Assessment | Oct | |
| 11:00 | IFO - Expectations | Oct | |
| 13:00 | CBI retail sales volume balance | Oct | |
| 01:50 | Corporate Service Price Index | Sep | |
| 02:01 | BRC Shop Price Index | Oct | |
| 07:00 | BOJ Core CPI | Sep | |
| 10:00 | Unemployment Rate | 3 quarter |
