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Post by bracknellboy on Nov 13, 2014 19:53:53 GMT
chris davidrickettsI was just looking at Agnlesey loan extension. The documents tab has nothing under it. Presumably becausae its an extension. I can't find a way of locating the original loan. This means that current lenders and prospective loan part buyers are not able to see pretty important documentation e.g. details of the security. Should not the original documentation be made available when an extension loan happens ?
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oldgrumpy
Member of DD Central
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Post by oldgrumpy on Nov 13, 2014 20:09:32 GMT
Hi bracknellboy ! Have a look at Browse Loans >> Repaid Loans >> Loan 102. I agree the original docs should be added to extensions to make searching unnecessary. |
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Post by bracknellboy on Nov 13, 2014 20:54:07 GMT
oldgrumpy: thanks for the info. I'd also not realised how dyslexic my original post was. Even if the docs are not updated, a link to the original would be sensible. For this particular loan this is now of historic interest to me: I've sold off what was my second highest exposure on AC (except for a fiver ...). Which brings me to a potentially different question: given a move to more automated "policy driven" type investment, does AC need to give some more thought to its intent around resale. In this case I don't think its an issue: this loan is a recut of the original and I believe that wiped out all AI instructions. So the fact the borrower is in the naughty corner is/was known to those setting investment targets. But the platform would probably benefit from making a pretty clear policy statement in regards to what events would lead to suspension of sale/buy instructions. At the very least, certain significant events could be advertised not just to existing lenders but all those who are not in but have an investment target set. I see potential for platform risk if they allow existing instructions to hold sway when there are material changes (which arguably there has not yet been but that's subjective in this instance).
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sl75
Posts: 2,092
Likes: 1,245
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Post by sl75 on Nov 13, 2014 21:09:55 GMT
oldgrumpy: thanks for the info. I'd also not realised how dyslexic my original post was. Even if the docs are not updated, a link to the original would be sensible. For this particular loan this is now of historic interest to me: I've sold off what was my second highest exposure on AC (except for a fiver ...). Which brings me to a potentially different question: given a move to more automated "policy driven" type investment, does AC need to give some more thought to its intent around resale. In this case I don't think its an issue: this loan is a recut of the original and I believe that wiped out all AI instructions. So the fact the borrower is in the naughty corner is/was known to those setting investment targets. But the platform would probably benefit from making a pretty clear policy statement in regards to what events would lead to suspension of sale/buy instructions. At the very least, certain significant events could be advertised not just to existing lenders but all those who are not in but have an investment target set. I see potential for platform risk if they allow existing instructions to hold sway when there are material changes (which arguably there has not yet been but that's subjective in this instance). Would depend a lot on the functionality in the "policy driven" part - if we can set our bespoke investment plans to take account of whether a loan has been marked as "material changes" or not, marking it as such could generate a huge chunk of activity - selling from accounts whose targets drop to zero the moment an unfortunate event occurs to those whose targets increase due to the higher default interest rate.
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