mikes1531
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Post by mikes1531 on Jan 16, 2014 22:35:57 GMT
The horseshoe graphy thing does update when loan units are sold by an underwriter so there are definitely more loan units being held on Optical Lens and Redditch Commercial Property by the underwriters but it's up to them if / when they release them. Thanks for that. I hadn't realised that the graphic continued to update after drawdown. As a result, I withdraw my comment about how much the underwriters were holding initially. This also means that the underwriters are completely out of the L***s loan now, so we shouldn't expect more loan parts from them on the aftermarket.
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Post by chris on Jan 16, 2014 22:39:46 GMT
We updated the system last October / November time (if memory serves) to keep the graph up to date to reflect the amount held by underwriters. We've got a big update on the way for next week where I'll open a new thread on this forum to announce details of the changes we're implementing. I can then use that thread to announce details of the main changes we're making as they're released.
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mikes1531
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Post by mikes1531 on Jan 17, 2014 17:32:17 GMT
We've got a big update on the way for next week where I'll open a new thread on this forum to announce details of the changes we're implementing. I can then use that thread to announce details of the main changes we're making as they're released. If the update will affect the bidding process, can you say whether it is expected to be made before or after the Fishery loan goes live? (That's now scheduled for 1100 on Wednesday.)
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agent69
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Post by agent69 on Jan 17, 2014 17:58:07 GMT
This seems to be a common pattern with the larger underwritten loans. Whereby the underwriters offer loans in tranches on the aftermarket and only when that sells out do they launch a further tranche. Don't know whether this is an AC thing or something that suits certain underwriters but I am sure someone on here or even at AC will know. (Hello Chris). Hello The horseshoe graphy thing I assume this is some form of high tech IT speak that a layman such as myself would not understand?
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Post by chris on Jan 17, 2014 18:01:11 GMT
mikes1531 - yes the changes affect the bidding process and primary markets, and yes they're expected to be in place prior in time for the next auction. There'll be two major changes that I'll announce when we're ready for them to go live. There's also a minor convenience change that's actually already live in that we've remove the "bids must be divisible by £20" rule. So as long as your bid is between the minimum and maximum amounts (if set) then anything goes, helping you bid down to your last penny rather than having dead cash. It's only a small thing but we couldn't see a good reason to keep that rule in place.
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Post by chris on Jan 17, 2014 18:01:40 GMT
Hello The horseshoe graphy thing I assume this is some form of high tech IT speak that a layman such as myself would not understand? Sorry, I'll try and stick to layman terms in future 
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j
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Penguins are very misunderstood!
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Post by j on Jan 17, 2014 18:06:17 GMT
So as long as your bid is between the minimum and maximum amounts (if set) then anything goes, helping you bid down to your last penny rather than having dead cash. It's only a small thing but we couldn't see a good reason to keep that rule in place. That is a super addition indeed! Look forward to the next lot of updates & changes
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Post by pepperpot on Jan 17, 2014 18:46:28 GMT
I take it that bids will still be divided into £100 (or whatever) chunks, so if I bid £100.01, I'll get a loan part of a penny?? Not that I'm knocking the idea, but would it be possible to add a caveat into the system so that loan parts are never below, say, £20 and in that scenario it would be just one part of £100.01 P.S. I understood perfectly what "The horseshoe graphy thing" meant, great minds think alike  |
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Post by chris on Jan 17, 2014 18:57:18 GMT
I take it that bids will still be divided into £100 (or whatever) chunks, so if I bid £100.01, I'll get a loan part of a penny?? Not that I'm knocking the idea, but would it be possible to add a caveat into the system so that loan parts are never below, say, £20 and in that scenario it would be just one part of £100.01 P.S. I understood perfectly what "The horseshoe graphy thing" meant, great minds think alike That is a good point, and perhaps I should have clarified. At the moment it wouldn't split a £100.01 bid into two, basically anything under £120 wouldn't be split. If I have time amongst the other changes I'll change it so that it splits it into an £80 loan unit and a £20.01 loan unit as that feels more elegant.
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Post by chris on Jan 17, 2014 19:07:58 GMT
Okay just implemented it so that a £100.01 bid would be split into an £80.01 loan unit and a £20 loan unit. It was bugging me.
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Post by pepperpot on Jan 17, 2014 19:35:47 GMT
If only the legal dept was as responsive as you are I'll put in a good word at the top for that raise you've been after  |
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unmadem
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Post by unmadem on Jan 20, 2014 13:39:44 GMT
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agent69
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Post by agent69 on Jan 20, 2014 18:21:48 GMT
and some more of the lens man
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j
Member of DD Central
Penguins are very misunderstood!
Posts: 2,188
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Post by j on Jan 20, 2014 18:47:51 GMT
just picked up some cc leisure & woodacot house. some more on aftermarket still!
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j
Member of DD Central
Penguins are very misunderstood!
Posts: 2,188
Likes: 540
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Post by j on Jan 20, 2014 18:51:43 GMT
cc leisure now all gone!! that was quick! some woodacot park still available
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