alender
Member of DD Central
Posts: 981 
Likes: 683
|
Post by alender on Jun 6, 2020 8:57:37 GMT
Best to view the Access Accounts as delegated discretionary trust accounts. (You might be the beneficial owner, but you have no say in how they are managed)
Except this ia advertised and regulated as Peer to Peer.
|
|
ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,329
Likes: 11,549
|
Post by ilmoro on Jun 6, 2020 9:35:42 GMT
Best to view the Access Accounts as delegated discretionary trust accounts. (You might be the beneficial owner, but you have no say in how they are managed)
Except this ia advertised and regulated as Peer to Peer. Yep, which just means lender A loans to borrower B via agent C, there is absolutely no requirements on how that process is structured by agent C other than that agent C doesn't act as a lender. There is nothing that says agent C cant operate a blackbox autoinvest account where it has discretion under the its terms to manage the account as it sees fit and there is nothing that requires that discretion to be foregone in the case of redeemed loans. The other point is that popular use of the term peer to peer covers a wide range of activities that aren't peer to peer in the true sense. The most obvious examples being Lendinvest & BridgeCrowd
|
|
SteveT
Member of DD Central
Posts: 6,875
Likes: 7,924
|
Post by SteveT on Jun 6, 2020 11:31:59 GMT
.... 100 times more than someone with £1 allocated to loan #1
True, and that amount could be anything between zero and infinity, it's entirely at AC's discretion. Infinity strikes me as a tad optimistic. I’d suggest treating £100 as the reasonable upper bound!
|
|
blender
Member of DD Central
Posts: 5,719
Likes: 4,272
|
Post by blender on Jun 6, 2020 14:10:57 GMT
I'd settle for just a fraction of infinity - say just 1% of infinity - OK AC?
|
|
