michaelc
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Post by michaelc on Feb 19, 2018 23:18:37 GMT
Is there a way to see what the bids/offers are within the secondary market?
For example #574 seems to have a lot of availability - no doubt for a good reason. But how do I see what the biggest discounted offer is? If I go through the motions of putting in an investment order I don't see anywhere what the best discount is. (I don't want to buy any of that loan but just used it as an example where I thought there ought to be good discounts to be had).
My real problem is in selling. When I try to sell any of my loans at 0% I don't get anywhere but how do I know at what kind of discount I would need to set in order to obtain a sale?
Note that this all came about because the GBBA bought far too much of a handful of loans (a known problem discussed a lot on this board) so I want to reduce my exposure to them before they become as unpopular as 574 !
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clay
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Post by clay on Feb 20, 2018 0:07:39 GMT
On the right of each loan page, just above the buttons to Invest or Sell, the "amount available for instant investment" is a link. Click on it and it'll show you what discounts (if any) are available.
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ilmoro
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Post by ilmoro on Feb 20, 2018 0:29:12 GMT
Easier than that. Just hover over the sum avaliable in the loans list and it will tell you the lowest discount eg #327 has some at 1% discount, you only need to click if you want to see how much (3p)
The loans with large availiability arent necessarily unpopular, its the QAA rebalancing or an additional tranche of a DL in many cases.
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registerme
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Post by registerme on Feb 20, 2018 1:15:48 GMT
Easier than that. Just hover over the sum avaliable in the loans list and it will tell you the lowest discount eg #327 has some at 1% discount, you only need to click if you want to see how much (3p) The loans with large availiability arent necessarily unpopular, its the QAA rebalancing or an additional tranche of a DL in many cases. Or muppets like me forgetting to put some cash into MLIA for investment  .
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michaelc
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Post by michaelc on Feb 22, 2018 17:17:17 GMT
Thanks for the explanations regarding how it should work but I just hovered over #327 and like all the others it just says £300,000 available for investment. Clicking on it also doesn't seem to reveal anything about any discount. I've tried this for maybe 10 or more loans.
To be clear, I got to the list of loans simply by clicking "Loan Book" at the top then "Browse Loans".
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SteveT
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Post by SteveT on Feb 22, 2018 17:32:33 GMT
Thanks for the explanations regarding how it should work but I just hovered over #327 and like all the others it just says £300,000 available for investment. Clicking on it also doesn't seem to reveal anything about any discount. I've tried this for maybe 10 or more loans. To be clear, I got to the list of loans simply by clicking "Loan Book" at the top then "Browse Loans". That means that no discounted parts were available. Very few AC loans tend to have discounted parts available for long.
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michaelc
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Post by michaelc on Feb 22, 2018 20:38:04 GMT
So discounted loans sell quickly which is good but par loans don't seem to sell at all? At least the one I've been given too much of didn't when I put it on the market at par in December for 2 weeks. Also the discount increments are in full %s and it doesn't give you a break down of how much you'll lose by selling at discount?
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ilmoro
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Post by ilmoro on Feb 22, 2018 21:04:14 GMT
Given the rarity of discounted loans it's inevitable they sell quickly. Always someone willing to take a punt, particularly as they can list it for resale immediately and have a chance of selling it. Unless the loan is suspended you always have the chance of selling Now would be a good time as the GBBA is rebalancing.
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Post by delboy711 on Feb 23, 2018 10:48:10 GMT
So discounted loans sell quickly which is good but par loans don't seem to sell at all? At least the one I've been given too much of didn't when I put it on the market at par in December for 2 weeks. Also the discount increments are in full %s and it doesn't give you a break down of how much you'll lose by selling at discount? Apologies if I have got hold of the wrong end of the stick, but are you trying to sell loans in your GBBA? In your first post you mentioned that the GBBA was overweight in certain loans and you wanted to reduce them. It is not possible to selectively sell loans in any of the 'black box' accounts although the platform does not make that clear because it allows you to click through to the loan details from the list of holdings, and from there it allows you to make BUY and SELL orders. However any BUY and SELL orders you create will apply only to the MLIA account. Even more confusingly it will allow you to create a Sell order even if you do not hold any parts of a loan in the MLIA so you may be misled into thinking you have just created a sell order for GBBA. The new balancing algorithm described in other threads should reblance yoy GBBA for you without you having to do anything.
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michaelc
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Post by michaelc on Feb 23, 2018 15:04:25 GMT
So discounted loans sell quickly which is good but par loans don't seem to sell at all? At least the one I've been given too much of didn't when I put it on the market at par in December for 2 weeks. Also the discount increments are in full %s and it doesn't give you a break down of how much you'll lose by selling at discount? Apologies if I have got hold of the wrong end of the stick, but are you trying to sell loans in your GBBA? In your first post you mentioned that the GBBA was overweight in certain loans and you wanted to reduce them. It is not possible to selectively sell loans in any of the 'black box' accounts although the platform does not make that clear because it allows you to click through to the loan details from the list of holdings, and from there it allows you to make BUY and SELL orders. However any BUY and SELL orders you create will apply only to the MLIA account. Even more confusingly it will allow you to create a Sell order even if you do not hold any parts of a loan in the MLIA so you may be misled into thinking you have just created a sell order for GBBA. The new balancing algorithm described in other threads should reblance yoy GBBA for you without you having to do anything. Thanks so much delboy! You were absolutely spot on with my confusion and that is now cleared up. I'll give it a few weeks to see if the re-balancing algorithm works as expected. If not, presumably I could partially or fully sell out of the GBBA and buy back in (to the GBBA2) ?
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Post by delboy711 on Feb 23, 2018 15:31:49 GMT
You are not the first person to suffer the same confusion. Perhaps chris or one of his team will get around to tidying up the code to make it clearer sometime. EDIT I think all that is required is to prohibit creating Sell orders when the MLIA has zero loan parts in a loan. I cannot think of any circumstance in which that would be a valid action. |
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TitoPuente
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Post by TitoPuente on Jul 21, 2018 13:05:01 GMT
Totally newbie question (first manual investment attempt): A loan shows six figure availability however my BUY instruction is still showing as "Buying £xxx". The total availability shows "0.0% discount". My instruction is to buy at par. Why is the investment not going through? I suspect there is a simple explanation.
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agent69
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Post by agent69 on Jul 21, 2018 13:14:57 GMT
Totally newbie question (first manual investment attempt): A loan shows six figure availability however my BUY instruction is still showing as "Buying £xxx". The total availability shows "0.0% discount". My instruction is to buy at par. Why is the investment not going through? I suspect there is a simple explanation. You just need to wait for the hamster to get a kick to get the mechanism running.
Alternatively give Chris a kick
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walktall7
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Post by walktall7 on Jul 21, 2018 13:44:36 GMT
At the moment it can take 15 hours for your purchase to happen as it goes through the loan list in turn. There will be some improvements coming shortly we are told.
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Post by brightspark on Jul 21, 2018 14:09:28 GMT
Totally newbie question (first manual investment attempt): A loan shows six figure availability however my BUY instruction is still showing as "Buying £xxx". The total availability shows "0.0% discount". My instruction is to buy at par. Why is the investment not going through? I suspect there is a simple explanation. You just need to wait for the hamster to get a kick to get the mechanism running.
Alternatively give Chris a kick
It does have the advantage that you can rescind your bid/change your mind/alter the bid etc should you be so minded. It is old school but I prefer it warts and all.
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