mikes1531
Member of DD Central
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Post by mikes1531 on Oct 22, 2014 16:51:13 GMT
But I do see others might be annoyed that they had to then wait a day or so more in order to get their money out. If the wait was only a day or two, then there probably wouldn't be too many upset lenders. But it all depends on the size of the loan being rolled over and the proportion of lenders who don't wish to do that. PBL011 has been available for a month now, and it's only about 40% taken up. Presuming it proceeds, and six months from now is rolled over, any lenders whose investment is rolled over and then offered in the secondary market could well find that they have to wait more than just a day or two before a buyer comes along to take their position. As RR said, more notice to lenders that their investment was about to be rolled over would help reduce the problem. PS: Thanks to savingstream for letting us know what was happening.
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