Post by james on Jul 25, 2014 6:02:11 GMT
You won't see any loans under 15%. That is the minimum rate that can currently be requested even in the A markets.
Your AB 800-1000 doesn't strictly move up the queue when any of those are issued. rather, it is in six different queues that operate independently, so that what happens in B800 has no effect on your position in A1000. As you wrote, it'd move at the same speed as six independent managers.
Only one manager will be selected to participate in a loan when more than one could be used. I've been experimenting with multiple identical managers and it appears that the most recently changed one is the one that is selected. This conflicts with the description given that it is the earlies. however this does not seem to be perfect and I've seen one case that this order would not explain. You mihgt have identical bid selection properties but bid €15 at 19% or €10 at 15%, say. Your bid amount doesn't affect your position in the queue but it can matter for decisions like that.
If there was an identical number of loans at 15, 16, 7, 18, 19% then you would get five times as many loans if you covered all of those rates as if your lowest rate was just 19%. No need to use individual rate managers, you can use one at 15% or 16% or whatever that will also participate at higher rates, subject to the manager order rule.
One thing to be aware of is that there is not a different queue for different loan terms. So a 60 month loan and a 3 month loan come from the same queue. You may value those differently and this may affect the terms at which you are willing to lend.
Your AB 800-1000 doesn't strictly move up the queue when any of those are issued. rather, it is in six different queues that operate independently, so that what happens in B800 has no effect on your position in A1000. As you wrote, it'd move at the same speed as six independent managers.
Only one manager will be selected to participate in a loan when more than one could be used. I've been experimenting with multiple identical managers and it appears that the most recently changed one is the one that is selected. This conflicts with the description given that it is the earlies. however this does not seem to be perfect and I've seen one case that this order would not explain. You mihgt have identical bid selection properties but bid €15 at 19% or €10 at 15%, say. Your bid amount doesn't affect your position in the queue but it can matter for decisions like that.
If there was an identical number of loans at 15, 16, 7, 18, 19% then you would get five times as many loans if you covered all of those rates as if your lowest rate was just 19%. No need to use individual rate managers, you can use one at 15% or 16% or whatever that will also participate at higher rates, subject to the manager order rule.
One thing to be aware of is that there is not a different queue for different loan terms. So a 60 month loan and a 3 month loan come from the same queue. You may value those differently and this may affect the terms at which you are willing to lend.