Price to capital in SM

If you're referring to AB's SM the answer is, it depends on a number of factors - how much the cost exceeds 100%, the rate of return to the purchaser and the length of the remaining loan term, and  who receives any accrued interest not yet paid out at the point of sale.

How long is a piece of string?

Yes it's definitely one of the most complicated secondary markets I've used - largely because of the structure of the long term debentures with fixed annual interest payments despite reducing capital outstanding. It really needs a calculator like ABL which tells you the effective yield.

You might want to use Abu or abl rather than ab for your abbreviations so platform can be identified and the right detailed answer given.

Pretty difficult, as trades take place "off platform", which raises some pretty serious data protection/privacy concerns, as Abundance provide your email address directly to the seller! (be interesting to see if that complies with the upcoming GDPR requirements which come into force in May!)

It's not difficult. If you accept a bid, both parties get an email from Abundance and you just reply all saying you're happy to proceed.

You can always create an address just for use on Abundance if you're concerned about privacy.

I see it this way.  The return is typically 6%, the SM markup is typically 9%, so the answer is it takes 1.5 years until you start to see a return - no thanks.  (Figures from memory)

One of the abundance peeps told me late last year that they were hoping to make it easier for secondary market buyers to calculate returns.