Post by bigfoot12 on Oct 8, 2015 11:08:58 GMT
andrewholgate, stuartassetzcapital,
As you have started making institutional loans I was wondering if you can confirm that the process ensures that the institutions can't cherry pick. From memory, one of you made a comment that loan allocation would be random; is that still the case? If it is random, are they allowed to reject such a loan? And would the retail crowd see it appear as an institutional rejection?
The numbers from FC on this last point appear quite startling - loans offered originally to institutions, but rejected seem to have a much higher default rate and are a significant worry to me. I don't expect either of you to comment on their activities, but I thought it worth pointing out that such a discussion is happening. At the moment we would know what is happening with AC as we don't see the institutional loans, which is poor from a transparency point of view.
As you have started making institutional loans I was wondering if you can confirm that the process ensures that the institutions can't cherry pick. From memory, one of you made a comment that loan allocation would be random; is that still the case? If it is random, are they allowed to reject such a loan? And would the retail crowd see it appear as an institutional rejection?
The numbers from FC on this last point appear quite startling - loans offered originally to institutions, but rejected seem to have a much higher default rate and are a significant worry to me. I don't expect either of you to comment on their activities, but I thought it worth pointing out that such a discussion is happening. At the moment we would know what is happening with AC as we don't see the institutional loans, which is poor from a transparency point of view.
