lobster
Member of DD Central
Posts: 636
Likes: 467
|
Post by lobster on Sept 5, 2015 11:07:23 GMT
I see that there are large numbers of "units available" for all four of the Midland Trade Finance loans. Although I can't see any obvious problem in the Q&A or in the Activity, I can't help being rather nervous about taking on these loans.
Am I missing something here ? Is there any obvious reason why these loans should be avoided ? If not, why are there so many units seemingly readily available ?
Any thoughts much appreciated.
Many Thanks, Lobster
|
|
lobster
Member of DD Central
Posts: 636
Likes: 467
|
Post by lobster on Aug 31, 2015 12:14:03 GMT
Many thanks mrclondon and ilmoro - most helpful and much appreciated
|
|
lobster
Member of DD Central
Posts: 636
Likes: 467
|
Post by lobster on Aug 31, 2015 9:35:39 GMT
Hi all, I'm new to AC (and to P2P) and am just trying to get my head around how the "Upcoming Loans" work with regard to drawdown. I have more than a sneaking suspicion that both these questions display a high level of ignorance (!?), but I can't seem to find the answers on the AC website. I think it boils down to 2 questions :
Q1. What happens if an upcoming loan is either over-subscribed or under-subscribed when it comes to drawdown ?
Q2. Can someone tell me about "underwriters" ?! Who are they and what is their function?
Thanks in advance,
Lobster
|
|