duck
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Post by duck on Dec 24, 2013 18:15:20 GMT
Simple question, how do you place shadow bids? As you can see from the attachment I am eligible but I can't seem to find the way to bid through the site. EDIT file deleted to try and use a sensible name rather than the path on my computer ......
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andy2001
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Post by andy2001 on Dec 24, 2013 18:23:26 GMT
You will need to email them.
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Post by mrclondon on Dec 24, 2013 18:29:43 GMT
On an open auction (e.g. Devon) place a bid via the white shadow bid panel below the normal black bid panel (see attached screen grab) Attachments:
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oldgrumpy
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Post by oldgrumpy on Dec 24, 2013 18:46:41 GMT
You will need to email them. I've had occasional mails from Assetz asking me to email them to register (advance bid) on some loans. Not all though. Nothing for High Wycombe so how has old pepperpot managed an early bid?
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duck
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Post by duck on Dec 24, 2013 18:50:52 GMT
thanks for that mrclondon
Just looking at the HW loan this is what was showing
Now there are obviously shadow bids placed already yet the shadow box is not live .....
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Post by mrclondon on Dec 24, 2013 18:52:19 GMT
Hmm ... I tried to answer the question as asked by the OP but interestingly others have intrepreted it as asking about "pre bids" not "shadow bids" (edited to add - and it turns out the question was about both 
Pre bids need to be requested via email after either funding your account with the required amount, or requesting that the pre bid is placed as a shadow bid (assuming that there is enough headroom in the shadow bid account). Hope that makes sense 
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oldgrumpy
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Post by oldgrumpy on Dec 24, 2013 18:58:14 GMT
Hmm ... I tried to answer the question as asked by the OP but interestingly others have intrepreted it as asking about "pre bids" not "shadow bids". Pre bids need to be requested via email after either funding your account with the required amount, or requesting that the pre bid is placed as a shadow bid (assuming that there is enough headroom in the shadow bid account). Hope that makes sense Is that for all up'n'coming loans regardless? I've never been given actual instructions, though I do have a shadow account with bid which was registered for North Devon and some leeway for High Wycombe - if I fancy it.
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Post by mrclondon on Dec 24, 2013 19:03:47 GMT
Is that for all up'n'coming loans regardless? I've never been given actual instructions, though I do have a shadow account with bid which was registered for North Devon and some leeway for High Wycombe - if I fancy it. AIUI pre bids are allowed for all loans over £250k. Shadow bidding is a bit of a vague concept at present, AC did say they would consider making it a more formal scheme in due course.
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oldgrumpy
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Post by oldgrumpy on Dec 24, 2013 19:08:04 GMT
Thank you. I think the staff may not be in the office for a pre bid on High Wycombe for Boxing Day so I'll take my chances on that one! Haven't seen any opinions yet.
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Post by pepperpot on Dec 24, 2013 19:12:28 GMT
Thank you. I think the staff may not be in the office for a pre bid on High Wycombe for Boxing Day so I'll take my chances on that one! Haven't seen any opinions yet. Just given mine in the stourbridge thread, didn't realise we'd jumped threads.
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Post by pepperpot on Dec 24, 2013 19:16:19 GMT
As for shadow bids in general, what do people think of opening it up to more people but keep it as a percentage (10%?) of committed funds and maybe lower the minimum required to say 1k. It would be an excellent way of minimizing the drawdown delays and would be a big usp of assetz?
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Post by chris on Dec 24, 2013 20:42:02 GMT
As for shadow bids in general, what do people think of opening it up to more people but keep it as a percentage (10%?) of committed funds and maybe lower the minimum required to say 1k. It would be an excellent way of minimizing the drawdown delays and would be a big usp of assetz? We are actively looking into this already but are awaiting clarification on a couple of points from our compliance and legal depts in relation to procedures for if / when people don't pay to settle their shadow bids. Depending on the solution we choose this could either be a really quick project to implement or it could be quite involved necessitating a longer lead time. I'll keep you posted but hopefully it's something we can do in Q1 next year. To help clarify things pre-bidding and shadow bidding are two independent concepts with separate permissions. So you can be authorised to place pre-bids (or be an admin of the site and place them on behalf of someone else); you can be authorised to place shadow bids up to a certain limit; or you can have both. To place a shadow pre-bid you'd need to be in the 'both' camp.
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j
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Post by j on Dec 24, 2013 21:00:05 GMT
As for shadow bids in general, what do people think of opening it up to more people but keep it as a percentage (10%?) of committed funds and maybe lower the minimum required to say 1k. It would be an excellent way of minimizing the drawdown delays and would be a big usp of assetz? We are actively looking into this already but are awaiting clarification on a couple of points from our compliance and legal depts in relation to procedures for if / when people don't pay to settle their shadow bids. Depending on the solution we choose this could either be a really quick project to implement or it could be quite involved necessitating a longer lead time. I'll keep you posted but hopefully it's something we can do in Q1 next year. To help clarify things pre-bidding and shadow bidding are two independent concepts with separate permissions. So you can be authorised to place pre-bids (or be an admin of the site and place them on behalf of someone else); you can be authorised to place shadow bids up to a certain limit; or you can have both. To place a shadow pre-bid you'd need to be in the 'both' camp.
Chris
Whilst I'm sure you've given it this thought, but would AC allow shadow bid limits to be related to levels already invested by a lender. The higher already committed, the higher the shadow limit. Also, If a lender defaults, AC can have legal authority to sell current units owned to retrieve shadow bids committed but not repaid?
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Post by chris on Dec 24, 2013 21:56:57 GMT
Chris
Whilst I'm sure you've given it this thought, but would AC allow shadow bid limits to be related to levels already invested by a lender. The higher already committed, the higher the shadow limit. Also, If a lender defaults, AC can have legal authority to sell current units owned to retrieve shadow bids committed but not repaid?
This is one of the solutions we're looking in to - I quite like it but it needs investigation along with other possible solutions.
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Post by uncletone on Dec 24, 2013 22:44:28 GMT
Off the topic... but any of you guys relaxing into Christmas soon-ish?  |
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