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New wool pool payment structure backed by NAB
26
Aug '08
An extremely ambitious new pool payment structure for the innovative direct marketing wool company, The Merino Company (TMC) has been backed by the National Australia Bank (NAB).

This new delivery payment policy was announced this week and is based on 80 percent of the pool entry value, paid 28 days after the end of each delivery period of wool into the pool.

The balance of the pool return will be paid at pool finalization together with any premiums generated or applied throughout the pool year.

The policy was heartily welcomed by the TMC clients while the numbers of growers selling wool into the pool were anxious about the previous delayed 'one-off' payment structure.

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