Mikeme
Member of DD Central
Posts: 428 
Likes: 331
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Post by Mikeme on Aug 30, 2018 8:44:06 GMT
This may have been asked before but I couldn't find it. When selling loan parts and withdrawing from the packaged accounts is accrued interest credited to the sellers/ with-drawers account when interest is due?
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Post by Ace on Aug 30, 2018 15:49:08 GMT
I believe that interest is earned by the seller up to the actual sale date, regardless of when the instruction to sell was made. I'm currently selling out of a couple of the packaged accounts (GBBA2 and PSA) in favour of the MLA, and it looks like that's how it's working for me.
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