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Post by wiseclerk on Sept 10, 2018 7:47:05 GMT
Funding Circle agreed to cover default losses for institutional investors in Feb 2017 to get them to invest in German and NL loans
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benaj
Member of DD Central
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Post by benaj on Sept 10, 2018 9:41:06 GMT
I found the FT.com article here www.ft.com/content/e71b5592-b2af-11e8-8d14-6f049d06439c"But in February last year, as part of its expansion into Holland and Germany, it agreed to cover any loan losses experienced by a key institutional lender, effectively parking some of the credit risk from those loans on its balance sheet. In return it would receive any excess returns on that investor’s portfolio above a 3.8 per cent threshold . (The document says the excess returns have so far exceeded the cost of the credit guarantee). " It would be interesting to know if this sweetener offer is permanent. FC has also recently relaunched referral. £100 to share between friends. www.fundingcircle.com/offers |
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Godanubis
Member of DD Central
Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
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Post by Godanubis on Sept 10, 2018 11:46:31 GMT
I found the FT.com article here www.ft.com/content/e71b5592-b2af-11e8-8d14-6f049d06439c"But in February last year, as part of its expansion into Holland and Germany, it agreed to cover any loan losses experienced by a key institutional lender, effectively parking some of the credit risk from those loans on its balance sheet. In return it would receive any excess returns on that investor’s portfolio above a 3.8 per cent threshold . (The document says the excess returns have so far exceeded the cost of the credit guarantee). " It would be interesting to know if this sweetener offer is permanent. FC has also recently relaunched referral. £100 to share between friends. www.fundingcircle.com/offersThey should pay up on the London Loans before paying out gratuities.
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benaj
Member of DD Central
Posts: 4,884
Likes: 1,603
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Post by benaj on Sept 10, 2018 12:04:39 GMT
I found the FT.com article here www.ft.com/content/e71b5592-b2af-11e8-8d14-6f049d06439c"But in February last year, as part of its expansion into Holland and Germany, it agreed to cover any loan losses experienced by a key institutional lender, effectively parking some of the credit risk from those loans on its balance sheet. In return it would receive any excess returns on that investor’s portfolio above a 3.8 per cent threshold . (The document says the excess returns have so far exceeded the cost of the credit guarantee). " It would be interesting to know if this sweetener offer is permanent. FC has also recently relaunched referral. £100 to share between friends. www.fundingcircle.com/offersThey should pay up on the London Loans before paying out gratuities. That's equivalent paying out 16000 new referrals in Amazon voucher.
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Godanubis
Member of DD Central
Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
Posts: 2,011
Likes: 1,013
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Post by Godanubis on Sept 10, 2018 12:39:14 GMT
They should pay up on the London Loans before paying out gratuities. That's equivalent paying out 16000 new referrals in Amazon voucher. Also a tiny proportion of their IPO valuation. They should own up and payout before any shareholder bonuses in the future.
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