woodie
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Post by woodie on Jul 8, 2015 13:16:30 GMT
I vote for every 6 months provided MP 100% jewellery, where monthly updates would be particularly time consuming, but monthly if other asset classes are included.
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rogerbu
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Post by rogerbu on Jul 8, 2015 14:58:56 GMT
Come the day we have an SM. I would be unhappy if MSPs were excluded!
I agree with the thought that all I really want to know are the rules/parameters for MSPs. I would expect to be told if those parameters were being changed or infringed, with some option to do something about it.
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james
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Post by james on Jul 9, 2015 11:18:15 GMT
While six months is initially attractive, perhaps it's of value to look at why it's of any interest to lenders. It's the security for the loan. So a threshold might be six moths or whenever 50% of the underlying security has changed. I don't want this to be very frequent because low overheads are good but security seems to be more relevant than solely time. Yet I'm conscious that with small items 100% of the security might change in a month and that seems way too frequent.
A related question, though, is how often MT has to get its own updates on the security in its role as effectively a trustee. If MT does this weekly then weekly updates may be harmless because there would presumably just be a matter of mirroring the internal IT system used by MT onto the investor site, effectively free once it's all set up.
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