sapphire
Member of DD Central
Posts: 483
Likes: 400
Member is Online
|
Post by sapphire on Apr 10, 2021 20:02:05 GMT
When you go into a loan via 'trade', say for instance on 154; click on the 100% to see the list of trades & there is a long list that I cannot see the top of. Is there a way of scrolling up to see the top ? Whilst I haven't managed to scroll up, the following steps (in Windows using Chrome) helps list the bid entries which are not visible: Click on the bid entry for 100% ... Window pops with a list of individual bids... Click anywhere on this pop up window to make it the active window..... Ctrl+A to highlight and 'Select All' items..... Ctrl+C to Copy this selection.... Ctrl+V to Paste the selection in any blank document (Word or any editor). This provides the full breakdown of the 100% bids.
|
|
|
Post by overthehill on May 5, 2021 11:18:34 GMT
This is a long thread to read so quick questions.
Is it the case Ablrate and ASMX have no company or financial links and ablrate staff weren't involved in design and dev? They obviously have the same CEO and registered office. Has any other company implemented it apart from Ablrate yet ?
I'm just mulling whether ASMX success or otherwise has any bearing on likewise for Ablrate ?
|
|
ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 10,850
Likes: 11,078
|
Post by ilmoro on May 5, 2021 11:38:02 GMT
|
|
littleoldlady
Member of DD Central
Running down all platforms due to age
Posts: 3,017
Likes: 1,835
|
Post by littleoldlady on May 6, 2021 8:18:28 GMT
Where the ASMX could be really useful would be trading in junk loans, possibly in a separate section. This would enable holders of non-performing loans in heritage portfolios to liquidate them whilst offering purchasers the opportunity to pick them up at bargain basement (but caveat emptor) prices. The risks would need to be spelt out but if it can be done for junk bonds why not for junk loans. Debt recovery firms buy these all the time and make a good living. However Abl don't even put their own such loans on the exchange. When someone dies leaving a rag bag collection of portfolios containing only non-tradable loans it just causes extra work and aggravation for both the platform and the executors.
|
|
|
Post by Ace on May 6, 2021 9:13:30 GMT
Where the ASMX could be really useful would be trading in junk loans, possibly in a separate section. This would enable holders of non-performing loans in heritage portfolios to liquidate them whilst offering purchasers the opportunity to pick them up at bargain basement (but caveat emptor) prices. The risks would need to be spelt out but if it can be done for junk bonds why not for junk loans. Debt recovery firms buy these all the time and make a good living. However Abl don't even put their own such loans on the exchange. When someone dies leaving a rag bag collection of portfolios containing only non-tradable loans it just causes extra work and aggravation for both the platform and the executors. That idea needs more than just a like as far as I'm concerned 👍 Keep your ideas coming LOL. Let's hope the bearded one is reading.
|
|
des
Posts: 119
Likes: 78
|
Post by des on May 6, 2021 9:35:26 GMT
Where the ASMX could be really useful would be trading in junk loans, possibly in a separate section. This would enable holders of non-performing loans in heritage portfolios to liquidate them whilst offering purchasers the opportunity to pick them up at bargain basement (but caveat emptor) prices. The risks would need to be spelt out but if it can be done for junk bonds why not for junk loans. Debt recovery firms buy these all the time and make a good living. However Abl don't even put their own such loans on the exchange. When someone dies leaving a rag bag collection of portfolios containing only non-tradable loans it just causes extra work and aggravation for both the platform and the executors. You seem to be confusing junk loans with defaulted junk loans, but apart from that, its a good idea assuming there are no arbitrary limits placed on trading like with the non defaulted loans.
|
|
|
Post by Badly Drawn Stickman on May 6, 2021 10:27:11 GMT
Where the ASMX could be really useful would be trading in junk loans, possibly in a separate section. This would enable holders of non-performing loans in heritage portfolios to liquidate them whilst offering purchasers the opportunity to pick them up at bargain basement (but caveat emptor) prices. The risks would need to be spelt out but if it can be done for junk bonds why not for junk loans. Debt recovery firms buy these all the time and make a good living. However Abl don't even put their own such loans on the exchange. When someone dies leaving a rag bag collection of portfolios containing only non-tradable loans it just causes extra work and aggravation for both the platform and the executors. That idea needs more than just a like as far as I'm concerned 👍 Keep your ideas coming LOL. Let's hope the bearded one is reading. I believe the sometimes bearded sometimes not one muted exactly that idea on this thread himself a while back. Indeed a new thread was started to discuss it. Edit link below Try this
|
|
|
Post by ablrate on May 21, 2021 15:22:18 GMT
That idea needs more than just a like as far as I'm concerned 👍 Keep your ideas coming LOL. Let's hope the bearded one is reading. I believe the sometimes bearded sometimes not one muted exactly that idea on this thread himself a while back. Indeed a new thread was started to discuss it. Edit link below Try this'Bearded' - is this my new name! It is something we are still looking at.
|
|
brianlom1
Member of DD Central
He's not the Messiah, he's a very naughty boy!
Posts: 385
Likes: 387
|
Post by brianlom1 on Jun 4, 2021 5:51:59 GMT
|
|
GreenZero
Member of DD Central
The early bird may get the worm, but it's the second mouse who gets the cheese
Posts: 221
Likes: 313
|
Post by GreenZero on Jun 4, 2021 6:33:07 GMT
I think the keynote message from that article might be.... "Liquidity" ? With a 12 appearances, whilst also mentioning a 0.25pc eachway transaction fee
|
|
dave4
Member of DD Central
Cynical is a hobby not a lifestyle
Posts: 1,004
Likes: 572
|
Post by dave4 on Jun 4, 2021 7:34:56 GMT
I think the keynote message from that article might be.... "Liquidity" ? With a 12 appearances, whilst also mentioning a 0.25pc eachway transaction fee How do we ASMX bug Testers, apply for a discount ablrate ?? or is it complementary?
|
|
brianlom1
Member of DD Central
He's not the Messiah, he's a very naughty boy!
Posts: 385
Likes: 387
|
Post by brianlom1 on Jun 4, 2021 7:39:45 GMT
ablrate - with a large proportion of loans currently paused, the best way to improve liquidity would be to make these loans tradeable (at whatever discount the buyer and seller agree upon) - please advise when this option will be introduced
|
|
ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 10,850
Likes: 11,078
|
Post by ilmoro on Jun 4, 2021 11:27:58 GMT
ablrate - with a large proportion of loans currently paused, the best way to improve liquidity would be to make these loans tradeable (at whatever discount the buyer and seller agree upon) - please advise when this option will be introduced There are a number of FCA requirements that would appear to need to be met for that to be possible ... revaluation of the loan agreement, loan pricing, risk categorisation in relation to the risk management framework (not that I can locate that on the platform) Would also probably need some form of statement highlighting the tax implications of purchasing a loan in some form of legal recovery - ie ineligibility for loss relief - if those loans were made available
|
|
|
Post by Badly Drawn Stickman on Jun 4, 2021 14:11:38 GMT
I think the keynote message from that article might be.... "Liquidity" ? With a 12 appearances, whilst also mentioning a 0.25pc eachway transaction fee How do we ASMX bug Testers, apply for a discount ablrate ?? or is it complementary? I may be miss remembering or simply making stuff up (I am equally adept at both), but seem to recall a commitment from ablrate that no fee would be payable by ablrate lenders for trading ablrate loans. This being exactly as it should be considering most were content with the former secondary market. It would seem reasonable to charge for trading on other platforms loans should one feel inclined.
|
|
|
Post by overthehill on Jun 4, 2021 14:49:19 GMT
No diligent and respectable financial platform, p2p or not, is going to allow it's clients to unknowingly or inadvertently purchase distressed or defaulted loans. Proplend certainly doesnt, any loans or borrower linked loans with a history of issues are likely to stay off the secondary market right through to maturity.
|
|