btc
Member of DD Central
Posts: 193 
Likes: 132
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Post by btc on Nov 1, 2018 20:17:19 GMT
How do you buy discounted loans?
Say if I have £3.30 remaining, a discounted loan would allow me to have £3.46. But If I try to buy £3.46 I see
So I'm forced to only buy £3.30, but then I have £0.15 left, If I buy the remaining £0.15 then there is £0.01 left, so then I buy the final £0.01
Is there a better way?
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Post by GSV3MIaC on Nov 1, 2018 21:13:09 GMT
Yep, it is well known to be broken and so far ablrate have not been able to fix it. |
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Post by dan1 on Nov 1, 2018 21:30:57 GMT
That's about it, unfortunately. However, using your example, due to the system's rounding, spending the last few pennies is generally pointless unless the loan part is heavily discounted - the purchase will be made at par - so it makes sense to leave those pennies on account to use against your next, larger purchase. Is that correct? I had assumed the internal accounting was to several decimal places. In the extreme (and I'm almost fearful of mentioning this!), what's to stop someone buying £0.01 at a time of a loan on sale at a premium - no premium or accrued interest to pay?
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blender
Member of DD Central
Posts: 5,719
Likes: 4,272
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Post by blender on Nov 1, 2018 21:49:05 GMT
That's about it, unfortunately. However, using your example, due to the system's rounding, spending the last few pennies is generally pointless unless the loan part is heavily discounted - the purchase will be made at par - so it makes sense to leave those pennies on account to use against your next, larger purchase. Is that correct? I had assumed the internal accounting was to several decimal places. In the extreme (and I'm almost fearful of mentioning this!), what's to stop someone buying £0.01 at a time of a loan on sale at a premium - no premium or accrued interest to pay? More likely it would go down the back of the virtual sofa. Try it 1000 times and see. Can only cost you £10 max. Let us know how you get on, please. 
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Post by Badly Drawn Stickman on Nov 1, 2018 21:50:00 GMT
That's about it, unfortunately. However, using your example, due to the system's rounding, spending the last few pennies is generally pointless unless the loan part is heavily discounted - the purchase will be made at par - so it makes sense to leave those pennies on account to use against your next, larger purchase. Is that correct? I had assumed the internal accounting was to several decimal places. In the extreme (and I'm almost fearful of mentioning this!), what's to stop someone buying £0.01 at a time of a loan on sale at a premium - no premium or accrued interest to pay? I think you would find it resolves itself over a period of purchases. So I have a curious nature, shoot me.
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Post by dan1 on Nov 1, 2018 21:50:55 GMT
Is that correct? I had assumed the internal accounting was to several decimal places. In the extreme (and I'm almost fearful of mentioning this!), what's to stop someone buying £0.01 at a time of a loan on sale at a premium - no premium or accrued interest to pay? More likely it would go down the back of the virtual sofa. Try it 1000 times and see. Can only cost you £10 max. Let us know how you get on. 
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