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Post by ablrate on Jul 5, 2017 13:17:54 GMT
Hi ... It was pledges that were not converted. Thanks ablrate . I presume these were from established underwriters who are offered an increased rate to complete loans that investors don't fill. Or, perhaps some investors are able to make pledges in addition to standard investment/bids on new loans. No. We don't have differential rates between lenders. We are trialing a system that allows established members to see complex deals beforehand and make comments/suggestions on those deals. They are also able to pledge. Its early doors at the moment... as soon as the IFISA and ew design is done, things like that will become clearer as we roll out the changes. We have added to our development team, so we are just bedding them in to start on a number of improvements we have been talking about for a while.
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Post by dan1 on Jul 5, 2017 17:26:52 GMT
No. We don't have differential rates between lenders. We are trialing a system that allows established members to see complex deals beforehand and make comments/suggestions on those deals. They are also able to pledge. Its early doors at the moment... as soon as the IFISA and ew design is done, things like that will become clearer as we roll out the changes. We have added to our development team, so we are just bedding them in to start on a number of improvements we have been talking about for a while. Thanks for detailed response. I had assumed these were from underwritters as distinct from lenders, and just to be clear I have no problem with underwritters receiving preferential rates for the services they provide. I was aware of the pledge system from old threads but being a relatively new lender I haven't seen this in practice on the platform (i.e. hadn't appreciated that pledges show up as underwritten on the new loans page). Looking forward to the roll out of the new UI and in particular the transaction recording aspects. A busy time for the team what with the forthcoming ISA and integration with Goji, new interface & back-end, and providing the system to a third party (Huddle).
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nw99
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Post by nw99 on Jul 10, 2017 19:25:21 GMT
At a premium already
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Post by dan1 on Mar 16, 2018 11:35:07 GMT
New admin note posted this morning:
16.03.2018 - We have been informed that this loan will be repaying early. We have restricted trading in the secondary market to 100% ('Par')
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greatmarko
Member of DD Central
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Post by greatmarko on Apr 10, 2018 9:44:44 GMT
It was hinted at in an email on 28th March that this could be repaid by today:
"We have today recevied notification that ... (Loan #1000072) is proposing to repay their loan back early and most likely within the interest held on account period which concludes 10th April 2018. Subsquently all current trades in the secondary market have been cancelled and trading has been set to par (100%) only. I shall update you further once we have received a firm completion timetable."
As there's been no further updates since that email, I'm guessing this isn't repaying quite as soon as ABL were expecting.
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marka
Member of DD Central
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Post by marka on Apr 10, 2018 12:59:50 GMT
It was hinted at in an email on 28th March that this could be repaid by today:
"We have today recevied notification that ... (Loan #1000072) is proposing to repay their loan back early and most likely within the interest held on account period which concludes 10th April 2018. Subsquently all current trades in the secondary market have been cancelled and trading has been set to par (100%) only. I shall update you further once we have received a firm completion timetable."
As there's been no further updates since that email, I'm guessing this isn't repaying quite as soon as ABL were expecting.
Its perfectly possible that it could still repay today. Its very rare to get either a payment or a repayment before the evening. Not showing up by 2pm (or even by around 11am when it appears you posted) doesn't really mean anything.
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marka
Member of DD Central
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Post by marka on Apr 10, 2018 20:55:06 GMT
Its perfectly possible that it could still repay today.... ... but it didn't !
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brianlom1
Member of DD Central
He's not the Messiah, he's a very naughty boy!
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Post by brianlom1 on Apr 10, 2018 21:53:05 GMT
Its perfectly possible that it could still repay today.... ... but it didn't ! Update please Ablrate
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blender
Member of DD Central
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Post by blender on May 9, 2018 15:30:25 GMT
It would be nice to have a reply on this ablrate . Trading was restricted to par on 16 March. It did not repay 10 April. Will it repay tomorrow? If not, please restore normal trading.
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ptr120
Member of DD Central
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Post by ptr120 on May 30, 2018 10:59:21 GMT
Hi ablrate there has been silence on this loan for some time. The latest comment on the website is that this is expected to repay by the end of the month - ie. tomorrow. Please can we have an update? |
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Post by ablrate on May 30, 2018 13:54:38 GMT
Hi ablrate there has been silence on this loan for some time. The latest comment on the website is that this is expected to repay by the end of the month - ie. tomorrow. Please can we have an update? We are expecting repayment imminently, just waiting for lawyers confirmation
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nush
Member of DD Central
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Post by nush on May 30, 2018 16:08:34 GMT
Hi ablrate there has been silence on this loan for some time. The latest comment on the website is that this is expected to repay by the end of the month - ie. tomorrow. Please can we have an update? We are expecting repayment imminently, just waiting for lawyers confirmation todays email "Just a brief note to inform you that we have received the funds for the early redemption of P*** W**** Loan #1000072. The settlement payment, which will include your original capital and interest earnt up to and including today will be made to you all shortly."
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