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Post by retired2005 on Jul 7, 2016 13:41:25 GMT
I thought that as soon as a loan had been completely funded (i.e. 0% available) you could then place any of that loan on the SM?
Even though that is the case, for some of my loans I dont have a 'sell' option....
Can anyone explain why?
Thanks as always.....
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Post by markp2p on Jul 7, 2016 14:03:41 GMT
Is it 13% Cardiff? I'm sure I read somewhere that the SM wouldn't be enabled for that until all five tranches had sold, and that would make sense, but I can't see anything on the loan to confirm that was the case.
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j
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Post by j on Jul 7, 2016 14:45:26 GMT
Is it 13% Cardiff? I'm sure I read somewhere that the SM wouldn't be enabled for that until all five tranches had sold, and that would make sense, but I can't see anything on the loan to confirm that was the case. That might cause an issue for some considering the loan size which in turn may create more illiquidity on new loans as people cannot move their funds around to new loans whilst some may be happy to buy parts in the older tranches they might have missed on
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SteveT
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Post by SteveT on Jul 7, 2016 15:28:51 GMT
Is it 13% Cardiff? I'm sure I read somewhere that the SM wouldn't be enabled for that until all five tranches had sold, and that would make sense, but I can't see anything on the loan to confirm that was the case. I think the second set of tranches in the restaurants loan are the same. They should be enabled for SM listing once all filled.
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sqh
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Post by sqh on Jul 7, 2016 16:05:50 GMT
It is possible to sell Cardiff 13% first tranche.
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j
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Post by j on Jul 7, 2016 16:29:25 GMT
It is possible to sell Cardiff 13% first tranche. I cannot recall how big the 2nd tranche was in total but, if it ends up taking anything as the restaurant is taking then......
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ilmoro
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Post by ilmoro on Jul 7, 2016 18:27:15 GMT
It is possible to sell Cardiff 13% first tranche. Not the DFL bits it isnt, not until all 5 tranches are funded, the original 3rd charge 13% loan is tradeable p2pindependentforum.com/post/118933/threadI cannot recall how big the 2nd tranche was in total but, if it ends up taking anything as the restaurant is taking then...... £1.5m.
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j
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Post by j on Jul 7, 2016 18:55:21 GMT
I cannot recall how big the 2nd tranche was in total but, if it ends up taking anything as the restaurant is taking then...... £1.5m. In that case I don't really get the point for the whole tranche (I get it for just a single listing out of a number of tranches). In my eyes, even though I might be in a small minority, it creates more liquidity once a single listing has been fully taken up by lenders. It would & has certainly put me off buying into such loans as much as I'd like as I fear not being able to trade my units if I need funds quickly, either within MT, or elsewhere. MoneyThing, any chance of maybe trialing allowing trading units within a single listing of a multiple tranche once that listing is fully bought?
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ilmoro
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Post by ilmoro on Jul 7, 2016 19:03:18 GMT
In that case I don't really get the point for the whole tranche (I get it for just a single listing out of a number of tranches). In my eyes, even though I might be in a small minority, it creates more liquidity once a single listing has been fully taken up by lenders. It would & has certainly put me off buying into such loans as much as I'd like as I fear not being able to trade my units if I need funds quickly, either within MT, or elsewhere. MoneyThing , any chance of maybe trialing allowing trading units within a single listing of a multiple tranche once that listing is fully bought? If you follow the link I posted you will see that was the initial plan, to allowing trading once each 300k tranche of the 1.5m was funded, but it wes changed on lender feedback based on the example of the B****** multi-tranche loan.
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j
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Post by j on Jul 7, 2016 19:20:55 GMT
In that case I don't really get the point for the whole tranche (I get it for just a single listing out of a number of tranches). In my eyes, even though I might be in a small minority, it creates more liquidity once a single listing has been fully taken up by lenders. It would & has certainly put me off buying into such loans as much as I'd like as I fear not being able to trade my units if I need funds quickly, either within MT, or elsewhere. MoneyThing , any chance of maybe trialing allowing trading units within a single listing of a multiple tranche once that listing is fully bought? If you follow the link I posted you will see that was the initial plan, to allowing trading once each 300k tranche of the 1.5m was funded, but it wes changed on lender feedback based on the example of the B****** multi-tranche loan. Indeed it did hold back the removal loan but it seems to have the opposite effect on the restaurant loan. If MoneyThing hold firm in the decision of either making a CB offer or not from the start on any large loan, holding back funds by lenders in the hope of CB should go some way to eliminating that. Easier said than done I appreciate though.
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Post by MoneyThing on Jul 8, 2016 12:39:11 GMT
Afternoon,
Us Things have had a chat this afternoon and have decided to lift the SM restriction on the Cardiff tranches. Since it was our decision to lengthen the time between each tranche (to fit in a few other loans), it is only fair that we release these to allow people to trade them in the meantime.
Will release these within the next 5 minutes.
Kind regards,
Ed
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Post by MoneyThing on Jul 8, 2016 12:41:23 GMT
Afternoon, Us Things have had a chat this afternoon and have decided to lift the SM restriction on the Cardiff tranches. Since it was our decision to lengthen the time between each tranche (to fit in a few other loans), it is only fair that we release these to allow people to trade them in the meantime. Will release these within the next 5 minutes. Kind regards, Ed ...SM now enabled.
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SteveT
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Post by SteveT on Jul 8, 2016 14:34:07 GMT
Afternoon, Us Things have had a chat this afternoon and have decided to lift the SM restriction on the Cardiff tranches. Since it was our decision to lengthen the time between each tranche (to fit in a few other loans), it is only fair that we release these to allow people to trade them in the meantime. Will release these within the next 5 minutes. Kind regards, Ed In that case, if the original indication still stands that any cashback (or similar) that might be added to later tranches would be extended to all 5, could you clarify who would receive the cashback on a loanpart that has already been traded on the SM: A) the original purchaser (even though they no longer own it) B) the current owner (even though they didn't originally help the tranche to fill) C) neither, ie. any retrospective cashback would only be paid to original purchasers who still hold the loanpart when it is applied [ps. I reckon option C would be entirely reasonable in the circumstances and would provide a modest incentive not to relist earlier tranches on the SM until all are filled]
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Post by MoneyThing on Jul 8, 2016 14:49:47 GMT
Afternoon, Us Things have had a chat this afternoon and have decided to lift the SM restriction on the Cardiff tranches. Since it was our decision to lengthen the time between each tranche (to fit in a few other loans), it is only fair that we release these to allow people to trade them in the meantime. Will release these within the next 5 minutes. Kind regards, Ed In that case, if the original indication still stands that any cashback (or similar) that might be added to later tranches would be extended to all 5, could you clarify who would receive the cashback on a loanpart that has already been traded on the SM: A) the original purchaser (even though they no longer own it) B) the current owner (even though they didn't originally help the tranche to fill) C) neither, ie. any retrospective cashback would only be paid to original purchasers who still hold the loanpart when it is applied [ps. I reckon option C would be entirely reasonable in the circumstances and would provide a modest incentive not to relist earlier tranches on the SM until all are filled] C. Regards, Ed.
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Post by retired2005 on Jul 11, 2016 13:59:04 GMT
Just for clarity, will the lifting of this restriction also apply to the last three tranches when they are released.?
Regards
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