jcb208
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Post by jcb208 on Jul 31, 2014 11:15:14 GMT
How do Ratesetter work out in what position in the queue your re invested capital and interest is placed each day, just that now and again I seem to be at the back  at my market rate |
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jonbvn
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Post by jonbvn on Jul 31, 2014 14:41:51 GMT
The queue works in order of precedence as follows:
1. Lowest rate is always first.
2. After 1, the time in the queue at a particular rate is on a first come first served basis.
An example may better explain:
You place a rate at X% today.
I place a rate at X% tomorrow.
= You will be matched first.
You place a rate at X% today.
I place a rate at X-0.1% tomorrow.
= I will be matched first.
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jcb208
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Post by jcb208 on Jul 31, 2014 14:53:32 GMT
What I am trying to work out is, say there is for example 500 people who have auto re investment at a rate of 6.3% which is due on the same day how would queue position be worked out
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spiral
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Post by spiral on Jul 31, 2014 15:43:47 GMT
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jcb208
Member of DD Central
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Likes: 606
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Post by jcb208 on Jul 31, 2014 16:08:52 GMT
Thanks so basically pot luck  |
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spiral
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Post by spiral on Jul 31, 2014 16:23:38 GMT
Yes but with a bias towards older loans so a repayment from a 12mth old loan would be further up the queue than that from a 1 month old loan IIRC.
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at my market rate
