upperdeane
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Post by upperdeane on Sept 26, 2019 18:00:59 GMT
Question for MT..... if I have loans in default within my MT IFISA that obviously prevents them beong transfered at this point. However, do MT allow partial transfers out of ones MT IFISA as long as the loans are sold on the secondary market (or repaid) and being held as cash within the IFISA account? I'm assuming the answer must be yes, otherwise one loan in default would prevent any IFISA transfer out for potentially months or years due to the default(s).
I'd appreciate clarification.
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corto
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one-syllabistic
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Post by corto on Sept 26, 2019 19:00:19 GMT
There are some comments about this option in the "(FPAC1008) Non-asset backed West London REPAID" thread (page 20)
Contact MT directly?
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upperdeane
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Post by upperdeane on Sept 27, 2019 8:38:45 GMT
There are some comments about this option in the "(FPAC1008) Non-asset backed West London REPAID" thread (page 20) Contact MT directly? Sure, read those but not sure it answers my specific question. Hopefully MT SophieThing will respond here otherwise I will contact MT directly for clarification.
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Sept 27, 2019 9:07:32 GMT
Yes, if the funds are previous year subscriptions. No, if they are current year which can only be transferred out in full.
Section 10 MT IFISA terms
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upperdeane
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Post by upperdeane on Sept 27, 2019 12:41:19 GMT
Yes, if the funds are previous year subscriptions. No, if they are current year which can only be transferred out in full. Section 10 MT IFISA terms Thanks for the pointer ilmoro. I've just been off and read section 10 in full. Now all need to do is get some of my loans redeemed...easier said than done it seems! I suspect ill have some defaults for a very long time (maybe forever) so that was the reason for my initial question.
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