JamesFrance
Member of DD Central
Port Grimaud 1974
Posts: 1,317
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Post by JamesFrance on Jul 27, 2015 9:56:00 GMT
martins The bidding system reduces all the bid amounts for loans which are oversubscribed. As Mintos becomes more successful in attracting larger investors the result is that it is becoming more difficult to invest in popular loans, as a few investors take up a high proportion of each loan. I can see this becoming more of a problem and I wonder if there are any plans to limit the proportion of each loan being taken by one investor when a loan is oversubscribed?
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Post by martins on Jul 28, 2015 15:36:11 GMT
Thank you for your question.
We are carefully watching oversubscribed loans, i.e., those loans that are bought out by Auto Invest and do not make it to the primary market for manual investing. For the time being we believe that the current bidding system provides a fair access to more popular loans both for small and large investors. Going forward we are certainly ready to introduce additional limits if we see it necessary.
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