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Post by snowgoose on Sept 1, 2014 18:35:49 GMT
Can somebody please explain what is shadow bidding, what is its advantage and how do I do it?
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Post by batchoy on Sept 1, 2014 19:07:43 GMT
A shadow bidding is bidding based on a credit account granted to trusted lenders with a minimum £10,000 investment. Where normal bids require funds to be in place at the time they are placed, shadow bids don't have to be settled until they are called in just before the loan is drawn down. The result is that you can keep your funds earning interest elsewhere rather than having them locked up for weeks(/months) pending draw down thus effectively increasing your return. If you think you qualify for a Shadow Account then you typically need to request one from AC.
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mikes1531
Member of DD Central
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Post by mikes1531 on Sept 1, 2014 20:26:26 GMT
A shadow bidding is bidding based on a credit account granted to trusted lenders with a minimum £10,000 investment. Where normal bids require funds to be in place at the time they are placed, shadow bids don't have to be settled until they are called in just before the loan is drawn down. The result is that you can keep your funds earning interest elsewhere rather than having them locked up for weeks(/months) pending draw down thus effectively increasing your return. If you think you qualify for a Shadow Account then you typically need to request one from AC. Further to the above, IIRC it has been suggested that the upcoming revision to the AC website will make shadow bidding a lot less necessary -- or possibly even completely redundant. Do I have that right? Or did I imagine that?
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