Post by cyrilmadrid on Sept 20, 2014 17:37:00 GMT
Not sure I understand. I bought some Kar* Pl* loan units on the secondary market and I notice :
* in my overall loan book, I see 2 entries for that loan (two different lines for auction 40, instead of one holding all the units I own, although when I click on one, it shows me the total position with an average interest rate)
* when I go into one of the positions (apparently the one that have been bought on the secondary market ?), I notice some loan units are bought at a 14.9 % rate, others are at 14 %
So how does my autoinvest work ? Does it buy anything that comes available whatever the rate was originally, and I receive the rate that the initial bidder said he was comfortable with ?
Sounds strange. But maybe it is how it works for loans with a flexible rate.
But can I then control a floor on the rate I want to buy, as it could virtually buy me units paying only 5 % as the initial rate band was 5 to 15 % !
* in my overall loan book, I see 2 entries for that loan (two different lines for auction 40, instead of one holding all the units I own, although when I click on one, it shows me the total position with an average interest rate)
* when I go into one of the positions (apparently the one that have been bought on the secondary market ?), I notice some loan units are bought at a 14.9 % rate, others are at 14 %
So how does my autoinvest work ? Does it buy anything that comes available whatever the rate was originally, and I receive the rate that the initial bidder said he was comfortable with ?
Sounds strange. But maybe it is how it works for loans with a flexible rate.
But can I then control a floor on the rate I want to buy, as it could virtually buy me units paying only 5 % as the initial rate band was 5 to 15 % !
