Cheesy collateral keeps credit flowing
Row upon row of 39kg wheels of straw-coloured Parmesan cheese, stacked some 33 feet high at a secure warehouse, age for two years under the care of bank employees trained in the centuries-old art of Parmesan making.
The programme allows Parmesan producers to pump cash into their business by using their product as collateral while it is otherwise sitting on a shelf for the long ageing process.
