|
|
Post by nightmare on Sept 3, 2015 11:40:59 GMT
Sorry if this has been mentioned elsewhere but I wonder if people have missed this part of announcement: "If you hold loan parts which are at lower rates than the new fixed interest rates, it may take you longer to sell them on the secondary market. To address this, we will be increasing the discount you can place on loan parts to 20% and enabling Autobid to purchase discounted loan parts."
Which means that those people with hearts of stone (that's me folks) won't be able to mug old age pensioners by putting slash-back loan parts on the sm at a 0% discount.
|
|
spyrogyra
Member of DD Central
Posts: 386 
Likes: 148
|
Post by spyrogyra on Sept 3, 2015 12:22:42 GMT
...but would be able to do so at a small cost (in most cases).
|
|
|
|
Post by goldservice on Sept 3, 2015 12:50:53 GMT
An OAP says: Sorry if I'm missing something but can't you just continue to mug me by continuing to put them on the SM at par (= 0% discount)? Or are you saying that you will be more likely to be undercut?
|
|
|
|
Post by nickthefool on Sept 3, 2015 12:56:26 GMT
An OAP says: Sorry if I'm missing something but can't you just continue to mug me by continuing to put them on the SM at par (= 0% discount)? Or are you saying that you will be more likely to be undercut? More likely to be undercut. Case in point - last week I tried to shift some property parts as had too many in the same loan, listed 3 parts at 1.5% discount and 5 parts at par. So far, only 1 part has sold, and it was at par. One assumes that autobid will give preference to buying the discounted parts.
|
|
oldgrumpy
Member of DD Central
Posts: 5,087
Likes: 3,233
|
Post by oldgrumpy on Sept 3, 2015 13:04:40 GMT
Testerday I put a load of oldish B and C parts for sale at par, way below the future fixed rates. People are buying them.
|
|
|
|
Post by nightmare on Sept 3, 2015 13:11:49 GMT
I suspect that discounted and par parts will now all be treated the same. At the moment the software will be coded to look for anything where adjustment (discount/premium) = 0%. I assume that this will change to look for anything where adjustment not > 0% (thus picking up all the pars and discounted parts), this is a one line code change for them whereas to change it to look for the best rate will be a more complex and as this is FC we're talking about...
|
|
pom
Member of DD Central
Posts: 1,922 
Likes: 1,244
|
Post by pom on Sept 3, 2015 16:17:06 GMT
Testerday I put a load of oldish B and C parts for sale at par, way below the future fixed rates. People are buying them. Thanks - until I read this it didn't occur to me to check if any of my existing parts were at rates lower than the future fixed - just assumed that as all the fixed rates weren't good they'd be fine. Then I looked and realised I had quite a few D and a few C that lower - not the kind of stuff you want to be stuck with, so I listed a whole load at par most of which have already sold
|
|
blender
Member of DD Central
Posts: 5,719
Likes: 4,272
|
Post by blender on Sept 3, 2015 16:55:11 GMT
Sorry if this has been mentioned elsewhere but I wonder if people have missed this part of announcement: "If you hold loan parts which are at lower rates than the new fixed interest rates, it may take you longer to sell them on the secondary market. To address this, we will be increasing the discount you can place on loan parts to 20% and enabling Autobid to purchase discounted loan parts." Which means that those people with hearts of stone (that's me folks) won't be able to mug old age pensioners by putting slash-back loan parts on the sm at a 0% discount. As another OAP, perhaps I should admit to mugging those still wet behind the ears with my parts on the SM at par, stripped of cash back.
|
|
grahamg
Member of DD Central
Posts: 220
Likes: 62
|
Post by grahamg on Sept 3, 2015 18:08:11 GMT
Well the SM seems now devoid of discounted parts . All hoovered up or withdrawn
|
|
