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Post by webbski9 on Feb 23, 2015 15:51:20 GMT
Ed,is there any timescale for a Secondary Market ?
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Post by MoneyThing on Feb 23, 2015 16:36:00 GMT
Ed,is there any timescale for a Secondary Market ? Afternoon, I have pencilled this in for sometime within the next 6 to 9 months. I anticipate that much of the initial loan book will represent short term, 'low' value loans and therefore I have not put this as critical for the time being. If however, we start building a partner network which has higher value, longer term loans then I appreciate that there will be a greater demand for a SM and would then accordingly look at bringing this development forward. More than happy to discuss this further. Kind regards, Ed
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Post by webbski9 on Feb 23, 2015 16:41:07 GMT
Thanks Ed for the swift response.Yes,I agree that the SM only really makes sense for longer term,higher value loans.As your partner base expands ( which I know is the intention),it should become a very useful " tool" for investors. Best Regards David
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coop
Member of DD Central
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Post by coop on Apr 30, 2015 11:23:17 GMT
Bumping an old thread rather than starting a new one...
Any more thoughts on an SM Ed?
I only ask as lack of a short term exit route is probably the only thing stopping me putting a chunk more money on the platform... I currently have a net 13.9% return on FC; but it barely seems worth the extra effort anymore!
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Post by MoneyThing on Apr 30, 2015 11:39:35 GMT
Bumping an old thread rather than starting a new one... Any more thoughts on an SM Ed? I only ask as lack of a short term exit route is probably the only thing stopping me putting a chunk more money on the platform... I currently have a net 13.9% return on FC; but it barely seems worth the extra effort anymore! Afternoon coop, I can confirm that we still fully intend to develop the SM functionality in the platform in due course (in line with the useful suggestions as to how it would be best built that people have contributed on this forum). Once we have completed the current work on the backend & admin, I will be looking into the SM and the level of work involved and also the scheduling. Will provide an update on here once we have gone through the planning. Kind regards, Ed
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