rscal
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Post by rscal on Apr 30, 2020 17:36:32 GMT
It's been a few months since I previously lent on the RS platform but today I seem to have been invested in a 3 month-to-term on the 12 month loan exchange - it's for the last three months of an existing 12 month contract. I have only seem this in the five year market previously Have other lenders found their initial term deviating from the usual (and expected) 12 months lately? (Is this perhaps a feature of RS not originating in this market any longer?)
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Post by erniec on Apr 30, 2020 17:49:20 GMT
Presumably you’ve taken up the loan of someone who released their investment in the 1yr.
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rscal
Posts: 923
Likes: 509
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Post by rscal on Apr 30, 2020 18:15:02 GMT
Presumably you’ve taken up the loan of someone who released their investment in the 1yr. Yes, it would appear to be a secondary market phenomenon. However I was lending 'for 12 months' AFAIWC. Should I ask for the 0.3% (equiv to +1.2%) fee for providing that liquidity then?
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Post by Badly Drawn Stickman on Apr 30, 2020 18:22:31 GMT
Presumably you’ve taken up the loan of someone who released their investment in the 1yr. Yes, it would appear to be a secondary market phenomenon. However I was lending 'for 12 months' AFAIWC. Should I ask for the 0.3% (equiv to +1.2%) fee for providing that liquidity then? I acquired one the other day that had 11 months left on it, presumably the original owner sold at a capital loss. With only three months left it would not be so bad. Usually the morning is 'freshly minted' and later in the day is the RYI releases.
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