stevio
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Post by stevio on Jul 6, 2016 6:29:10 GMT
Ideally end of the month when we have airplane money needing a nice home!
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stevio
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Post by stevio on Jul 9, 2016 20:23:14 GMT
Out of interest, how does this type of loan differ to say Market Invoice platform?
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kermie
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Post by kermie on Jul 28, 2016 16:57:24 GMT
Email from Ablrate today - MTF are back looking for £250-500k, same terms - 2 years, 12%. Live at 7pm.
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Neil_P2PBlog
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Use @p2pblog to tag me :-)
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Post by Neil_P2PBlog on Jul 28, 2016 17:35:37 GMT
Email from Ablrate today - MTF are back looking for £250-500k, same terms - 2 years, 12%. Live at 7pm. There's over £4k on the SM at 100% of the existing one, could be a bit harder to shift this time. Does interest start accruing on the new loans from the day you invest?
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treeman
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Post by treeman on Aug 4, 2016 17:07:53 GMT
ablrateandy ablrate As this looks unlikely to reach the minimum in time, will the bidding time be extended?
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ptr120
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Post by ptr120 on Aug 4, 2016 17:28:06 GMT
ablrateandy ablrate As this looks unlikely to reach the minimum in time, will the bidding time be extended? ...or 'cashback' added?!
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registerme
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Post by registerme on Aug 8, 2016 14:57:28 GMT
Well, somebody(s) just hoovered up the rest of that one.
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blender
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Post by blender on Aug 8, 2016 15:13:00 GMT
Well, somebody(s) just hoovered up the rest of that one. Not quite. They reduced the loan size to £200k.
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Post by ablrateandy on Aug 8, 2016 16:42:00 GMT
Sorry yes - will clarify on email tomorrow!
I have presented two options to the borrower :
1. 200k now by itself
or
2. 200k now, 50k when MSN532 repays
We also have a couple of larger lenders looking at it that could change the size. Once those moving parts are sorted I will define a final size!
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nick
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Post by nick on Aug 10, 2016 10:53:16 GMT
Out of interest, how does this type of loan differ to say Market Invoice platform? On the Market Invoice platform you loan against individual sales invoices and typical maturity is 3 months. For this loan, we are lending to a company that provides trade finance to others. The risks are different, in the former you are exposed to the credit risk of the borrower, the credit risk of the buyer whose invoice has been discounted, and performance risk of the borrower in respect of the services/product that is subject to the invoice. In the later, you are exposed more generally to the failure of the borrower what ever its cause including the failure of any of its underlying trade finance activities.
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Post by ablrateandy on Aug 10, 2016 13:02:04 GMT
There is a substantial amount of excess spread in the lending activities of MTF. So, if for example they are borrowing at 1% a month, they will typically be lending at an average of 2.5% or so. This excess spread is captured in the funding vehicle, so that it acts as a buffer against individual losses on transactions.
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james
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Post by james on Oct 8, 2016 17:13:17 GMT
The first of the quarterly interest payments on this was made today as expected.
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hazellend
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Post by hazellend on Oct 8, 2016 17:31:02 GMT
The first of the quarterly interest payments on this was made today as expected. Just checked and mine's not there yet. Seems not to be due till November?
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SteveT
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Post by SteveT on Oct 8, 2016 18:05:26 GMT
The first of the quarterly interest payments on this was made today as expected. Just checked and mine's not there yet. Seems not to be due till November? You're presumably in the 2nd tranche (August). 1st tranche (July) paid an hour or two ago.
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