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
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Post by ilmoro on Mar 10, 2021 21:36:06 GMT
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zlb
Member of DD Central
Posts: 1,422
Likes: 333
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Post by zlb on Mar 12, 2021 13:29:35 GMT
There are more risks in P2P than I can remember. The ones I can recall are: Platform Risk Crowd Risk Liquidity Risk Economic Risk Regulatory Risk Fraud Risk And that’s before we get to - Credit Risk. AND I wouldn’t be surprised if I’ve forgotten more risks than most p2pers have thought about! There was a lot of discussion on Ly about all sorts of risks like liquidity in one project or another, round and round in circles, but it became apparent that this made no real contribution to the real risk, which was the people involved - so perhaps the 'fraud' you mention (RICS valuers, surveyors saying the build was up to standard when it didn't meet fire regulations; grandiose borrowers, the platform lending to 21yr-old daughters because the actually borrower is in massive debt; grandiose personality in the platform management?). Is AC close to this? Are their T&Cs looking as if they were written with the intention of an escape which would leave the platform owners in pocket?
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dead-money
Rocket to the Moon
Posts: 746
Likes: 654
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Post by dead-money on Mar 12, 2021 20:05:37 GMT
Where's the bonus interest rate offer  
At least AC ISA is flexible; so I'll refill the cash account before month end and then transfer elsewhere next month... 
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warn
Member of DD Central
Curmudgeon
Posts: 637
Likes: 658
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Post by warn on Mar 22, 2021 16:11:44 GMT
It won't be easy to sound convincingly cynical about today's email, but I'm sure a few will try.
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ashtondav
Member of DD Central
Posts: 1,814
Likes: 1,092
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Post by ashtondav on Mar 22, 2021 16:13:43 GMT
 don’t they just sell at 0.1%. I’ve principles but not one that’s worth £10 for every £10,000!
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Post by oppsididitagain on Mar 22, 2021 16:16:51 GMT
I wonder what the rates on the new fund will be, Or will it be 2 funds with the same rates ?
I dont think it was quoted in the E mail just sent
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johni
Member of DD Central
Posts: 369
Likes: 329
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Post by johni on Mar 22, 2021 16:31:15 GMT
4% new fund 3.8 fixed on old. Also as loans repay they will have more non repaying assets! |
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Post by crabbyoldgit on Mar 22, 2021 18:08:33 GMT
will the 2 funds share a common pf , or will it be split. One would think it would be split as new loans should probably not underwrite the risk of people not involved in those new pf income streams, as they have opted out.
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p2pfan
Member of DD Central
Full-Time Investor
Posts: 781 
Likes: 889
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Post by p2pfan on Mar 22, 2021 18:38:32 GMT
4% new fund 3.8 fixed on old. Also as loans repay they will have more non repaying assets! Where does it mention the new 4% rate please?
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johni
Member of DD Central
Posts: 369
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Post by johni on Mar 23, 2021 19:12:53 GMT
Sorry it was tongue in cheek
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dead-money
Rocket to the Moon
Posts: 746
Likes: 654
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Post by dead-money on Mar 23, 2021 21:46:37 GMT
You're not wrong though... Logically the exit fund will have poorer returns and increasing risk compared to the ongoing access accounts.
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ashtondav
Member of DD Central
Posts: 1,814
Likes: 1,092
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Post by ashtondav on Mar 24, 2021 12:14:18 GMT
Definitely poorer returns. I would sell now as discounts may widen once peeps get to grips with this new “exit” account.
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johni
Member of DD Central
Posts: 369
Likes: 329
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Post by johni on Mar 24, 2021 14:57:13 GMT
The exit account will be GBBA3 in all but name. It is plainly obvious from the description that it will only hold loans up to a given date and then be a closed fund.
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cb25
Posts: 3,528
Likes: 2,668
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Post by cb25 on Mar 24, 2021 15:03:29 GMT
The exit account will be GBBA3 in all but name. It is plainly obvious from the description that it will only hold loans up to a given date and then be a closed fund. Not if the Exit Account has a SM that allows one to exit at a discount, something that's unavailable in GBBA/GBBA2
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johni
Member of DD Central
Posts: 369
Likes: 329
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Post by johni on Mar 24, 2021 15:09:00 GMT
The exit account will be GBBA3 in all but name. It is plainly obvious from the description that it will only hold loans up to a given date and then be a closed fund. Not if the Exit Account has a SM that allows one to exit at a discount, something that's unavailable in GBBA/GBBA2 Yes you are right but this hasn't been said. We are guessing better waiting for facts rather than pandering to the scare mongers again.
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don’t they just sell at 0.1%. I’ve principles but not one that’s worth £10 for every £10,000!
