Why MT 103/23 isn't the Devil

Why should a MT103/23
NOT Be An Issue
For A Buyer?


It is true that some sellers will use the buyer's MT103/23 to take down the paper.

My question to the buyer is, "So What?"

If the buyer is getting paper at the price he accepts, and then gets the paper, why should he care that the seller is actually being smart and using Other People's Money to make a deal happen?

Buyer's claim they don't want to 'finance' the purchase of the paper that they want, but the truth is they are already financing it within in the price at which the seller will sell.

Again, So What?

The objective for the buyer is to buy the paper. What happens before he gets his paper really isn't his business.

Compare it to ordering a custom built car from a car dealer.

The car hasn't been built yet-- but the Buyer is STILL required to make a deposit before the manufacturer builds it.

The car dealership isn't using its money to make the order happen, but he is making a profit on the sale. It's exactly the same business process.

The Bottom Line is: Did you get the paper that you wanted at an acceptable price?

After all, isn't that all that really matters?

By Michael Weiner