Unlike banks, sight holders are industry insiders. [fact]
Unlike banks, sight holders are industry insiders; they have good information about individual dealers' reputations and transact with the same people on a repeat basis over a long period of time. It is thus cheaper for sight holders to monitor dealers' reputations and credit worthiness than it is for banks. Consequently, it is likely that sight holders can offer terms
Lisa Bernestein, Opting out of the Legal Sys…, loc. 119