bugs4me
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Post by bugs4me on Oct 28, 2014 11:10:41 GMT
Hmm ... just for info, I actually have the plusnet spam filter set at the minimum setting on that mailbox: I've just added ablrate.com into the whitelist for that particular mailbox as an experiment and will let you know if that achieves anything. I'm in agreement with the OP when he said he wants your platform to succeed, hence the fact that you are ruling out a certain % (however small) of potential lenders through lack of email comms is a concern, and adds to the platform risk. Hi mrclondon Thank you for that, that will be something to speak with Plusnet about. We would not seek to rule out any lenders, it is just a fact of life that some users will have issues with spam filters and ISP's that for one reason or another find our emails (and other company's emails) not being delivered. We look at the logs at lest once per month to see the delivery rate of emails. Blocked emails, spam reports or bounced mails are investigated and blocked and bounced are reported to our third party providers to see how we can fix those (no matter how small a number). ..and not to labor the point, but we would not want potential and existing lenders to think that we have less technical capability then our competitors, so here are some average delivery statistics: 73.2% of emails sent to Windows Live Hotmail addresses arrive in the recipient's inbox. 85.7% of emails sent to Gmail addresses arrive in the recipient's inbox; 85.3% of emails sent to Yahoo addresses arrive in the recipient's inbox; 81.8% of emails sent to AOL addresses arrive in the recipient's inbox. - IBM "Email Deliverability: Use 2011 Benchmarks to Ensure 2012 Results" (2012) Global inbox placement is at 75.9%. Meaning 1 out of 4 emails do not get placed into the inbox. - DMA "Take outs from the Email Deliverability Masterclass" (2012) We have a 99%+ delivery number, but we continue to try and fix any particular block or spam report as we find them. Thanks again for your feedback, I will let our guys know that it isn't a personal filter issue in your case and see what plusnet come back with. Regards Ablrate I'm not a great believer in internet statistics. You can run a sample of tests but they are restricted. Often a mail will be marked as junk/spam without the senders knowledge. The only way around this which seems to work 99% of the time is if the recipient adds your mail address to their on-line contacts book.
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gb007
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Post by gb007 on Oct 31, 2014 13:50:48 GMT
I would be more interested to hear any statistics about the enforceability and recovery rates for this kind of security and how successful the international treaties have been. In addition, as the security is a second charge over the plane, does the proposal document state how much equity there is after the first charge?
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Post by ablrate on Nov 1, 2014 13:31:35 GMT
I would be more interested to hear any statistics about the enforceability and recovery rates for this kind of security and how successful the international treaties have been. In addition, as the security is a second charge over the plane, does the proposal document state how much equity there is after the first charge? Hi gb007 In the 360+ transaction that the aircraft lessor has undertaken over 40 years, they have repossessed 3 aircraft (two at the same time from the same airline). These repossessions were undertaken on an amicable basis and the aircraft was leased out to another airline within three months with a loss of four months lease payments which were recovered from the maintenance reserves that were on account. The Cape Town Convention on moveable assets has been very successful, the exception being Kingfisher Airlines and India, whose judiciary had a disagreement with the government on the application of the Convention. It was sorted in the end, but you will still find lessors extremely cautious about leasing into India unless it is an existing client, and even then deposits and guarantees are high. With only 17 months left to pay on this aircraft, the airline owes around 580,000 GBP before they own it outright. The aircraft value is approximately 3 million GBP. This aircraft type is in demand and if in the unlikely event that is was repossessed to repay the loan it could be sold or leased out again very quickly. Regards Ablrate
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Investor
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Post by Investor on Nov 1, 2014 20:24:49 GMT
Although following the announcement from SavingStream today (no longer playing in the boat arena) we might need to rename this thread to simply "or planes". Excellent opportunity for ablrate as SS were one of the credible few 'non-property' asset classes competing with Ablrate so can see some of the investments from SS heading their way. Certainly I will be increasing my investments in the platform when there are more investment opportunities. ;-)
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Post by ablrate on Nov 2, 2014 12:35:34 GMT
Although following the announcement from SavingStream today (no longer playing in the boat arena) we might need to rename this thread to simply "or planes". Excellent opportunity for ablrate as SS were one of the credible few 'non-property' asset classes competing with Ablrate so can see some of the investments from SS heading their way. Certainly I will be increasing my investments in the platform when there are more investment opportunities. ;-) Hi ssinvestor Excellent news! Perhaps you should change your handle to Ablrateinvestor In all seriousness, it does seem that some platforms are gravitating more towards to the property side of things. I guess this is just an easier thing to do. We have a few ideas on the property side of things but won't be getting into that unless we have a suitable sponsor and it would have to be something different from everyone else. In the meantime we have a few new loans coming up and some news that will be of interest to our lenders (and our competitors...) Regards Ablrate
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ejohn
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Post by ejohn on Nov 2, 2014 12:44:50 GMT
I agree SSinvestor. Savings Stream is moving into the property area where they are having to learn the pitfalls and for various reasons I have been wary of some of the recent property loans.
I have actually now met the guys from Ablrate. They are very much as they are on the platform - very keen on customer views. They also have some grand plans for development and its clear they have significant expertise in writing leases for the aircraft industry and other capital assets. They are not a software house moving into loans, they are actually experienced finance guys employing others to do the software and are getting up that learning curve.
I feel very comfortable in keeping them high on my investment agenda.
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gb007
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Post by gb007 on Nov 2, 2014 13:32:03 GMT
In the Q&A of the current ******* Aircraft loan, Ablrate have said: "If the lessee stops paying for whatever reason then ******* would continue to pay the loan. This is an extra level of security..." This confirmation is quite reassuring and makes Ablrate even more appealing to investors. This is something which Ablrate could publicise more actively to attract investors.
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jonno
Member of DD Central
nil satis nisi optimum
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Post by jonno on Nov 2, 2014 13:36:57 GMT
I agree SSinvestor. Savings Stream is moving into the property area where they are having to learn the pitfalls and for various reasons I have been wary of some of the recent property loans. I have actually now met the guys from Ablrate. They are very much as they are on the platform - very keen on customer views. They also have some grand plans for development and its clear they have significant expertise in writing leases for the aircraft industry and other capital assets. They are not a software house moving into loans, they are actually experienced finance guys employing others to do the software and are getting up that learning curve. I feel very comfortable in keeping them high on my investment agenda. Thanks ejohn, that's useful.I'm also an SS investor,particularly for the diversification element and may well consider moving new and maturing cash in Ablerate's direction provided their offerings stack up in terms of risk/reward.
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Investor
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Post by Investor on Nov 3, 2014 9:57:56 GMT
Although following the announcement from SavingStream today (no longer playing in the boat arena) we might need to rename this thread to simply "or planes". Excellent opportunity for ablrate as SS were one of the credible few 'non-property' asset classes competing with Ablrate so can see some of the investments from SS heading their way. Certainly I will be increasing my investments in the platform when there are more investment opportunities. ;-) Hi ssinvestor Excellent news! Perhaps you should change your handle to Ablrateinvestor In all seriousness, it does seem that some platforms are gravitating more towards to the property side of things. I guess this is just an easier thing to do. We have a few ideas on the property side of things but won't be getting into that unless we have a suitable sponsor and it would have to be something different from everyone else. In the meantime we have a few new loans coming up and some news that will be of interest to our lenders (and our competitors...) Regards Ablrate Decided to meet you half-way on that, and become non-specific, unaffiliated Investor instead
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Post by sammy on Nov 4, 2014 20:30:07 GMT
I am intrigued to hear more about the problems of leasing planes. It would be very interesting if you could list the problems of recovery when things go wrong. Hi You may find the section on our site which covers this. I understand that experience sometimes puts people off investing in a particular asset (and that is perfectly acceptable - I would not touch unsecured loans with a very large bargepole, for example -). However, the management of our aircraft leasing agent has completed nearly 360+ aircraft transactions in 40 years and has repossessed 3 (two at the same time), and those were done on an amicable basis and the aircraft leased out to another customer with 3 months. I appreciated that some may have experienced a different result. Regards Ablrate Apart from the pitfalls, I am interested to know why, as stated " The borrower is a leasing company which is leasing a plane to an airline" should they be borrowing monies on a plane that they are leasing to an Airline, which they are already being paid quite considerable amounts for from the Airline for leasing the plane to them! Its sort of a double dip and doesn't really add up! Plus just to include one pitfall, if the plane is grounded for whatever reason by the CAA or any other regulatory body and which could be in any Country that the flights are covering, how would this impact on the lenders, as it could take months/years before the plane is recovered?
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Post by ablrate on Nov 5, 2014 0:59:35 GMT
Hi You may find the section on our site which covers this. I understand that experience sometimes puts people off investing in a particular asset (and that is perfectly acceptable - I would not touch unsecured loans with a very large bargepole, for example -). However, the management of our aircraft leasing agent has completed nearly 360+ aircraft transactions in 40 years and has repossessed 3 (two at the same time), and those were done on an amicable basis and the aircraft leased out to another customer with 3 months. I appreciated that some may have experienced a different result. Regards Ablrate Apart from the pitfalls, I am interested to know why, as stated " The borrower is a leasing company which is leasing a plane to an airline" should they be borrowing monies on a plane that they are leasing to an Airline, which they are already being paid quite considerable amounts for from the Airline for leasing the plane to them! Its sort of a double dip and doesn't really add up! Plus just to include one pitfall, if the plane is grounded for whatever reason by the CAA or any other regulatory body and which could be in any Country that the flights are covering, how would this impact on the lenders, as it could take months/years before the plane is recovered? Hi sammy Thanks for your comments but I am not sure what you mean. An aircraft lessor purchases an asset with bank debt and equity. There is considerable cash flow,but within the transaction the equity of a lessor makes no money, so (in this case) if a lessor has the facility to release some of the equity into another transaction where that equity can make money, then that makes sense. Think of it as having equity in your house. If you can release it, and invest it another house you can build a portfolio of houses if you are smart about your strategy. I am not sure about the grounding point. Do you mean the whole type is grounded? If so, that is an issue. However, the ATR has done 25 million miles+ as a type, so it is tried and tested pretty much more than any other type, so the likelihood of the type being grounded is unlikely. If you are talking about a specific aircraft being grounded there would have to be a mechanical reason for it to be grounded for 'years'. If this was the case it would have been picked up by the appraisers before the aircraft was bought and leased. If the lessee has not kept the aircraft up to maintenance schedule (which is unlikely as maintenance reserves are taken and maintenance is strictly regulated) then the lessee is still liable for the lease payments. If you are talking about a financial reason for grounding this could be the failure of an airline, none payment of dues etc. However, the Cape Town Treaty which protects the rights of lessors of moveable assets, allows a lessor to take possession of their property without the need for dues to be paid. Think of this like renting a car from Hertz. If your entered it for a month, got a hundred speeding fines and parking fines, the courts could not take the car as security, because its not your car, it belongs to Hertz. This is a similar way to how things are dealt with on leased aircraft. Lessors monitor the fees due by airlines as an early warning system for how an airline is fairing. If dues become behind you will find lessors contacting their lessees very quickly. In fact failure to pay landing fees/ hangarage or whatever is a default event in any aircraft lease. If I have the wrong end of the stick, please clarify and I would be happy to try and answer your questions. Thanks for your questions, we value them all. Regards Ablrate
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