elliotn
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Post by elliotn on Nov 30, 2017 2:07:53 GMT
Don't worry the mere increase in remaining days has cleared the SM despite the latest tranche taking this a year overdue, diluting lenders' security and any related ubo issues you allude to.
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elliotn
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Post by elliotn on Nov 30, 2017 1:51:52 GMT
Thanks all, just thought others might be privy to either more info (e.g. if Ablrate do something like a Pro Club - can't remember if that was ABL or MT?) or seen it before elsewhere so had a view on how it could look. I shall await developments! MT have provided off-platform lending opportunities to select investors and abl’s description of their pro-club suggests that less standard, individual opportunities are sometimes shown to select investors to test viability so presumably an auto-option doesn't fit that tailored due diligence remit either as with DD-C. They do currently have some borrowers that offer credit facilities to their own customers (without seemingly counting as wholesale financing per fca remit) for trade finance and leases. Pure speculation on my part as to whether it will include formalising facilities like these or some such, definitely a wait and see as you say .
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elliotn
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Post by elliotn on Nov 29, 2017 16:14:31 GMT
Hi elliotn, The mark all feature will be added soon and I'll get the old updates marked as read. Thanks, Gordon My goodness that was quick, thanks!
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elliotn
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Post by elliotn on Nov 29, 2017 11:08:46 GMT
Clear All option for the excellent Updates tab (re-setting the brought forward updates will make it easier to monitor new ones).
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elliotn
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Post by elliotn on Nov 28, 2017 16:16:10 GMT
new loan 1 of 4 12% not seen e mail yet Also platform update in New Loans thread.
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elliotn
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Post by elliotn on Nov 28, 2017 13:09:28 GMT
Possibly Ly or underwriter (Ly no longer hold loan parts directly) held some back until the Q was a bit shorter - although the unfunded amount was already a chunky >50% at go-live.
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elliotn
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Post by elliotn on Nov 28, 2017 11:15:07 GMT
One possibility is parking relatively safely and then flipping before CB to avoid the SM queue ie settling for 12% 'only' (disclaimer - I considered this as I deem 1% insufficient compensation as a non tax payer to offest prospective illiquidity). The Q is likely too big for this although there were some dumps listed near the end of Arb CB tranche - someone will know if any unsold parts qualified and giving up 100k behind half a mill suggests you might. ( fp , not sure this affects you but have you considered/implemented any strategies for the recent CBs (or even the old'un days)? 😊 ). Can you explain to me what you mean about settling for "Only 12%"? If their loan parts are on the SM they get 0.00% inline with the Lendy rules on secondary market interest. I could understand if we were talking about loan parts on the non CB tranche, but this is the CB tranche which means they would have held the loan parts for less than 3 days before flipping it. Not much return there for 3 days at 12% and then sitting in a Q for 3 months.
Or am I missing/misunderstanding something here?
Might not work on this one, the Arb CB tranche was for c30 days, I considered buying it and selling near the term in anticipation of an easy exit to a tax payer who could yield more from the CB than me ie trying to manufacture a relatively safe month-ish of 12% interest (only). That was c600k and sold out, 2M with a long queue is a whole different kettle of fish! I like the idea of re-listing and still getting the CB as holder - there were some big re-listings towards end of Arb - look forward to the investor feedback this time but as Mr Storey says only plausible game in town for this mega tranche is likely to be hold to term.
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elliotn
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Post by elliotn on Nov 28, 2017 5:05:15 GMT
One possibility is parking relatively safely and then flipping before CB to avoid the SM queue ie settling for 12% 'only' (disclaimer - I considered this as I deem 1% insufficient compensation as a non tax payer to offest prospective illiquidity). The Q is likely too big for this although there were some dumps listed near the end of Arb CB tranche - someone will know if any unsold parts qualified and giving up 100k behind half a mill suggests you might. ( fp , not sure this affects you but have you considered/implemented any strategies for the recent CBs (or even the old'un days)? 😊 ).
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elliotn
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Post by elliotn on Nov 27, 2017 13:53:59 GMT
RS by end March.
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elliotn
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Post by elliotn on Nov 27, 2017 12:54:19 GMT
Just noticed that an updates tab has been added to COLs website - I had 48 unread updates! (although I've probably had the info in either emails of via threads on here) Yes, check the website suggestions/improvements thread that this was being implemented.
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elliotn
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Post by elliotn on Nov 25, 2017 12:39:51 GMT
Grateful if somebody could send me a referral. Maybe r00lish67? Thanks The existing investor has to give their real name so not everyone will be willing.
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elliotn
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Post by elliotn on Nov 25, 2017 3:07:35 GMT
A couple of weeks left to vote. dan1 will be pleased to know I've voted for one platform with a par sm and two without any sm. A gambler would bet on MT, Unbolted* and then agonise over LI/AO (perhaps edging towards AO for diversification from MT property). A gentleman would never tell. * Ssshhhhhh
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elliotn
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Post by elliotn on Nov 25, 2017 2:53:55 GMT
1k steps at par, intermittent, sizeable chunks sell down in a day or two.
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elliotn
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Post by elliotn on Nov 25, 2017 2:44:51 GMT
Tranche 5 is now fully invested in less than 6 hours. The limit was set at £500. I am sure MT do their best to satisfy as many investors as possible each having a very different investment target. I suppose a 10h-time lapse (some would say 24h) to full investment would satisfy the greatest number but I am curious to hear what criteria MT uses to decide on limits.I expect that comes with a large element of guesswork. MT have taken it down to 0.25% to spread the joy before. 0.4% perhaps reflects this is T5 or the borrower's unpaid loan although remaining MH cash and (part-)automated SM sales suggests there was still appetite.
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elliotn
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Post by elliotn on Nov 24, 2017 3:11:05 GMT
Not sure if it is appropriate to post this here by way of information, but before deciding to join AC I also registered an interest in the Funding Circle ISA. I received notification today they will be rolling this out to their existing customers from 30 November. I am no longer interested but it may be interesting to see how the AC ISA compares. EDIT: I see something has been posted on the FC forum regarding this, so please delete if inappropriate. There is also a dedicated IFISA thread under General P2P Discussion.
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