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Post by penguin on Mar 3, 2018 15:26:42 GMT
Interesting test case. I doubt if the administrators will allow BM to step in and work out the relevant loans, however, useful though this would be
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jlend
Member of DD Central
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Post by jlend on Mar 6, 2018 11:02:54 GMT
Investors in BondMason should be aware of this thread,... assuming that the categorisation of Collateral above is accurate. Thanks dan1 A good example of why we don't disclose the underlying platforms. We focus on good quality loans with good quality lenders. We don't comment (implicitly or explicitly) on other aspects of their operating models which don't effect us, but which may impact the perceived quality of their P2P operations for other clients. On Collateral, I'm sure they'll sort out their IT issues sooner rather than later. Give them some space and they'll probably solve it faster. One benefit of BondMason is that we can usually pick up the phone and talk to these platforms directly, even during busy times, on behalf of all our clients. I still find it curious you don't disclose the names of the platforms. I would find it useful when assessing the risk of investing via bond mason. I would have thought the operating model of p2p platforms does have an impact and affect you and investors. For me some platforms have been better at due dilligence, monitoring and recovery due to their operating model ie people and processes. Some platforms have vastly more experienced teams which makes a difference. I assume bond mason doesn't lend via some platforms for this very reason. I appreciate you may not want to comment on the models, but to not name the platforms for lenders to be able to make their own judgements? Bond Mason themselves have an operating model that they think is good, both people and processes.
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