SteveT
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Post by SteveT on Apr 12, 2020 10:09:04 GMT
I wasn't in on 137, anyone care to share what happened? It filled a while ago and recently drew down as normal. I believe the few lenders suffering "buyers remorse" over their bids (placed pre-CV19), who were arguing for the loan to be cancelled, were permitted to exit at par. Another bit of common-sense management from Ablrate.
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blender
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Post by blender on Apr 12, 2020 10:18:57 GMT
I had no bids on 137, but am pleased to hear that Ablrate and the borrower did he right thing in allowing an exit. Ablrate's good reputation among lenders, for supporting lenders, has lasted for some five years, and it's not a fashion or crowd-following feature. I regret that, in part because of the FCA anti-p2p hype and regulations, I decided recently to move much of my account to a 'safer' platform - despite never having had a loss here so far. As a result I have had to use this platform for necessary cash, and really wish I had left more here in early 2020.
I have been following with a mixture of amusement and disbelief the forum posts about your 'safer' platform. I had looked at it a few times over the years but decided against, for some reason I always got a mental image of a strutting peacock when I read the bosses posts. I fancy it will end fairly well eventually. And they said I couldn't do empathy. Yes, quite a lot of fear and loathing over there. 'Safer' has dimensions of liquidity and loss. It was the safety from loss that I moved for, and I still think that right. Printing huge amounts of money should result in increased asset values and therefore security in real property should do its stuff. Liquidity was already at risk in p2p due to the FCA campaign against it, but nobody, except Trump, expects the Spanish flu to come from China. Such empathy, perhaps you once were a social worker.
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number5
Member of DD Central
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Post by number5 on Apr 12, 2020 11:13:08 GMT
I wasn't in on 137, anyone care to share what happened? It filled a while ago and recently drew down as normal. I believe the few lenders suffering "buyers remorse" over their bids (placed pre-CV19), who were arguing for the loan to be cancelled, were permitted to exit at par. Another bit of common-sense management from Ablrate. That is fair in my opinion...am I right to assume that the underwriter funds note on the SM, refers to the balance which was covered for those who decided to exit at par?
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Post by Badly Drawn Stickman on Apr 17, 2020 17:06:11 GMT
Season 1 episode 5? Now available.
Not sure if the glitches were meant to represent time travel? Seems some new characters were being trailed Sniffy and Croaky presumably puppets of some sort.
Not without interest, but forget now (distracted myself with the preamble) what the feedback was wanted for...... but if I could I would say hard to give a level that would be acceptable without a bit more detail, but at 20% exposure 5% sounds about right.
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