If one has to have a separate spreadsheet to work out what one's yield will be from a single simple investment, it suggests the site itself is unduly complicated and opaque. Better to fix the site, methinks.
Yesterday I listed all my emails to calculate the premiums and record the interest bought and today I was matching the interest to interest repayments for the last two months to see how much I had actually earned.
Throw in capital repayments, odd looking bid transactions, matching sales to original costs to get my gain and trying to reconcile the website to my cash position & I can only feel the website is too opaque and a complete waste of my time!
I do like the loans and service though hence my perserverance and now I'm at platform limit I hope I no longer have dozens of SM purchases...if I can resist!
Hello, as the title says, whats the gist of the coming changes, I dont have access to my e-mail for a while so am unable to check there. Sorry if this has been covered, the one topic I did see about it said to "check your inbox".
also read New Default Policy.
SM with cleared funds, loans >90D overdue will accrue interest (intead of being paid by SS), loans > 180D overdue to be declared in default unless the Cedit Committee see sufficient evidence of exit/payment, material communications on overdue loans to be provided within 5WDs.
Typically trying to avoid any redemption problems but depends on platform ie FS lock you in 30 days to go, MT/Coll lenders might be more happy to hold because of the clear-cut renewal and timely updates allowing exit or renewal, also chance of default interest on MT for extensions.
SS liquidity has until now been traded more as a fixed income exchange although SM purchases will require cleared funds from March and SS will only cover non-retained interest for 90 days so this may lead to earlier exits.
SS/Coll and typically AC dfl's have interest retained within the loan amount so project viability might only be tested with exit at term.