pikestaff
Member of DD Central
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Post by pikestaff on Oct 27, 2014 9:11:07 GMT
I will say it again [sigh]. As explained in my earlier post p2pindependentforum.com/post/26349/thread, it is clear from the evidence that (unless something goes wrong) there are NOT multiple 2 dp rates resolving to any given MR or YR. In theory there could be, but this is not how the site normally works. Every single loan that I have looked at in my portfolio has the SAME 2 dp rate for any given MR or YR. It is the lowest rate that, after compounding and rounding down, corresponds to that particular MR or YR. And that's as it should be. There is no reason why borrowers should pay us more than we have asked for! Something went wrong for one night only. It seems now to be fixed. Until it happens again anyway...
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sl75
Posts: 2,092
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Post by sl75 on Oct 27, 2014 10:02:39 GMT
One scenario that could possibly result in a market rate differing from the usual market rate resolving to the same (1dp) rate:
A borrower has an unfulfilled request at lower than the then market rate.
A lender clicks on that rate on the market to match the borrower's request, and puts a large additional amount on at the same rate.
This large additional amount is sufficient to trigger the market rate calculation to use it.
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