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Post by mshcah on Oct 22, 2016 8:38:54 GMT
Can somone explain how this loan will rank vis-a-vis BPF536, the first round loan for the same development. Both are defined as Tranche A in their round and rank ahead of Tranche B in the same round, but I'm not clear of the relative rankings in different rounds, or are they pari passu?
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archie
Posts: 1,838 
Likes: 1,842
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Post by archie on Oct 22, 2016 9:27:15 GMT
Can someone explain how this loan will rank vis-a-vis BPF536, the first round loan for the same development. Both are defined as Tranche A in their round and rank ahead of Tranche B in the same round, but I'm not clear of the relative rankings in different rounds, or are they pari passu? There's BPF536/537, BPF541/542 and now BPF566/567. My understanding is all tranche A rank equally, as do all tranche B.
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ben
Posts: 2,020
Likes: 589
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Post by ben on Oct 22, 2016 15:36:24 GMT
I think a lot of people would have got there fill last time round, also been a few other loans lately on here and other platforms. This is probably one of the better loans around at the momment (for a similar interest rate).
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Post by geraldine1210 on Oct 22, 2016 15:40:45 GMT
What a difference a month makes! I know there was a lot of money sloshing around at the time but the first 13% tranche sold out in 6 mins. Today, half an hour in, there's plenty left and it looks like the 10% tranche will last 24 hours +, not < 3 hours. I wonder if the football club (different borrower) has spooked some people, or has Ed got his bid limits right? I think people are holding out for today's big SS loan. The one that is now probably not happening today.
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Post by bengilbert on Oct 22, 2016 16:56:40 GMT
Can somone explain how this loan will rank vis-a-vis BPF536, the first round loan for the same development. Both are defined as Tranche A in their round and rank ahead of Tranche B in the same round, but I'm not clear of the relative rankings in different rounds, or are they pari passu? All of the tranche As are pari passu with one another, and all of the tranche Bs are pari passu with one another.
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Post by GSV3MIaC on Oct 22, 2016 17:13:10 GMT
What a difference a month makes! I know there was a lot of money sloshing around at the time but the first 13% tranche sold out in 6 mins. Today, half an hour in, there's plenty left and it looks like the 10% tranche will last 24 hours +, not < 3 hours. I wonder if the football club (different borrower) has spooked some people, or has Ed got his bid limits right? ISTR that the bid limits were higher (too high) the first time or two around (2x or 3x what they are this time). I suspect that even the 10% tranche will disappear smartish once the limit expires. We shall see.
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Post by MoneyThing on Oct 22, 2016 17:52:38 GMT
What a difference a month makes! I know there was a lot of money sloshing around at the time but the first 13% tranche sold out in 6 mins. Today, half an hour in, there's plenty left and it looks like the 10% tranche will last 24 hours +, not < 3 hours. I wonder if the football club (different borrower) has spooked some people, or has Ed got his bid limits right? ISTR that the bid limits were higher (too high) the first time or two around (2x or 3x what they are this time). I suspect that even the 10% tranche will disappear smartish once the limit expires. We shall see. Evening. First launch, the bid limit was set at 0.5% (i.e. 200 at max bid), the 2nd at 0.4% (250 at max bid) and this time 0.31% (322 at max bid). Regards, Ed.
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