TitoPuente
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Post by TitoPuente on Oct 22, 2015 12:07:12 GMT
I am new to MT.
I understand that there is no secondary market so the only way to get invested is to wait for a new loan to go live, am I right?
How does the primary market work? Is there a way to pre-fund a loan?
Thanks.
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SteveT
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Post by SteveT on Oct 22, 2015 12:08:31 GMT
I am new to MT. I understand that there is no secondary market so the only way to get invested is to wait for a new loan to go live, am I right? How does the primary market work? Is there a way to pre-fund a loan? Thanks. No pre-funding. Just bid once the loan goes live. The SM is being built now by Shuang and should be live by end of Nov. It will operate much as SS's does (only better, given it's built by Shuang!)
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TitoPuente
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Post by TitoPuente on Oct 22, 2015 12:12:31 GMT
I am new to MT. I understand that there is no secondary market so the only way to get invested is to wait for a new loan to go live, am I right? How does the primary market work? Is there a way to pre-fund a loan? Thanks. No pre-funding. Just bid once the loan goes live. The SM is being built now by Shuang and should be live by end of Nov. It will operate much as SS's does (only better, given it's built by Shuang!) Thanks Stevet. Do loans usually fill up in seconds? Should I be refreshing the browser every half a minute at around 4pm?
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webwiz
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Post by webwiz on Oct 22, 2015 12:20:30 GMT
The max bid is 1% and there are 577 possible bidders. I would expect this to take a while to fill, but just my HO.
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SteveT
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Pre-fund?
Oct 22, 2015 12:23:11 GMT
via mobile
Post by SteveT on Oct 22, 2015 12:23:11 GMT
The 1% bid limit means even £50k loans take 30+ mins to fill (although time is falling as users grow). This one is huge by MT standards and I'll be amazed if it's full by the time the 24 hour bid restriction is lifted.
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SteveT
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Pre-fund?
Oct 22, 2015 12:24:21 GMT
via mobile
Post by SteveT on Oct 22, 2015 12:24:21 GMT
And MT loans go live at the precise time advised!
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Post by MoneyThing on Oct 22, 2015 12:29:06 GMT
And MT loans go live at the precise time advised! Well... only 4 seconds behind at the moment.
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jonno
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nil satis nisi optimum
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Post by jonno on Oct 23, 2015 8:12:12 GMT
And MT loans go live at the precise time advised! Well... only 4 seconds behind at the moment. But Ed, doesn't that put you 24 years ahead on IOM time? 
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Post by MoneyThing on Oct 23, 2015 9:07:13 GMT
Well... only 4 seconds behind at the moment. But Ed, doesn't that put you 24 years ahead on IOM time? I really couldn't comment for fear of being lynched by the locals (whilst born here, I am still only a 'comeover')! 
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TitoPuente
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Post by TitoPuente on Oct 26, 2015 10:41:14 GMT
One additional question: I notice the legend "If you wish to allocate your funds to this loan please click the Invest Now button" at the bottom of the pending loan loan details. Is this option not yet implemented?
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jonno
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nil satis nisi optimum
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Post by jonno on Oct 26, 2015 10:46:35 GMT
One additional question: I notice the legend "If you wish to allocate your funds to this loan please click the Invest Now button" at the bottom of the pending loan loan details. Is this option not yet implemented? Hi TitoPuente; the button appears, and is operational at the point that the loan is launched. So at 4 seconds past 4pm this afternoon it will appear on the Lambo loan.
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ablender
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Post by ablender on Oct 26, 2015 10:46:55 GMT
I see the text you mention but I do not see the button.
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arbster
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Post by arbster on Oct 26, 2015 10:48:21 GMT
I see the text you mention but I do not see the button. Because the loan is not live yet.
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TitoPuente
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Post by TitoPuente on Oct 26, 2015 10:54:38 GMT
Ok. Thanks. I interpreted the language as some type of fund allocation option before the loan goes live.
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webwiz
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Post by webwiz on Oct 27, 2015 9:07:40 GMT
Ok. Thanks. I interpreted the language as some type of fund allocation option before the loan goes live. No we don't have that facility (yet).
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