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He talks about the trust arrangement costing £70m per month, but this is a company that makes the majority of its profits on the interest received from clients deposits sitting in the trust account - work it out £70m per month on overnight deposit and bonds adds to many millions per year.
Read again. He said it costs "cashflow" only, not income. TF has historically "hedged" currencies, and they can use their client account for that either.
Difficult to argue any of his points.