tarq
Member of DD Central
Posts: 125
Likes: 28
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Loan Q
Dec 22, 2016 17:02:29 GMT
Post by tarq on Dec 22, 2016 17:02:29 GMT
How can I tell where my selling loan part is in the queue for sale, on the MLIA investments?
I must be missing something, but there's nothing obvious.
TIA.
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oldgrumpy
Member of DD Central
Posts: 5,087 
Likes: 3,233
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Loan Q
Dec 22, 2016 17:11:16 GMT
Post by oldgrumpy on Dec 22, 2016 17:11:16 GMT
How can I tell where my selling loan part is in the queue for sale, on the MLIA investments? I must be missing something, but there's nothing obvious.TIA. I have the feeling AC don't use a queue system, but I don't know exactly how they ensure fair sales distribution. Any answers chris?
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happy
Member of DD Central
Posts: 397
Likes: 497
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Loan Q
Dec 22, 2016 17:20:37 GMT
Post by happy on Dec 22, 2016 17:20:37 GMT
I believe it is an equitable system based on all loan parts on offer being considered when a buyer comes along to purchase them, so if you own 1% of the loan units currently on offer then you get 1% of the loan units being purchased taken from your lot. I am not sure if it is that precise but I did do a little test with the Diamond loan some time ago where there was still over £1m for sale and I stuck a few hundred up for sale and I did sell a little bit (about £2-3 as I recall). Hope that helps as Chris might be a bit busy fixing those niggling little draw-down loan issues  |
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oldgrumpy
Member of DD Central
Posts: 5,087
Likes: 3,233
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Loan Q
Dec 22, 2016 17:42:02 GMT
Post by oldgrumpy on Dec 22, 2016 17:42:02 GMT
I believe it is an equitable system based on all loan parts on offer being considered when a buyer comes along to purchase them, so if you own 1% of the loan units currently on offer then you get 1% of the loan units being purchased taken from your lot. I am not sure if it is that precise but I did do a little test with the Diamond loan some time ago where there was still over £1m for sale and I stuck a few hundred up for sale and I did sell a little bit (about £2-3 as I recall). Hope that helps as Chris might be a bit busy fixing those niggling little draw-down loan issues Probably already on the sprouts and mince pies swilled down with claret! 
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