jo
Member of DD Central
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Posts: 741 
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Post by jo on Nov 10, 2015 13:07:22 GMT
We don't need to establish 'fair' value, I suspect the FCA would beg to differ with that opinion. I've posted before that my guess is 5 years from now retail lenders will be barred by the FCA from individual loan transactions (and be forced into provsion fund backed accounts) unless they can self certify as High Net Worth / Sophisticated investors. Allowing trade in loans that can not be valued will only hasten the day when the FCA decide retail lenders need protecting from themselves. Yet the FCA has no problem if I, as a retail investor sells (or buys) a listed, and thus regulated, share - whose market price bears no relation to fair (or NAV, or NTAV or whatever) utilising a 3rd party facilitator (my online platform). This is a conceptual issue. Once we can get past the minutiae, we'll see how easy it should be.
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Post by mrclondon on Nov 11, 2015 16:14:39 GMT
I have just asked a question on the Wood***** loan regarding whether there are any obstacles to the resumption of trading in that loan. Given the LPA Receiver is now marketing it with a declared price, at face value this loan is now in a similiar status to Essex BL which is tradable.
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Post by mrclondon on Nov 12, 2015 11:56:05 GMT
I have just asked a question on the Wood***** loan regarding whether there are any obstacles to the resumption of trading in that loan. Given the LPA Receiver is now marketing it with a declared price, at face value this loan is now in a similiar status to Essex BL which is tradable. And back came the prompt answer that unlike Essex, Wood***** has been subject to a formal insolvancy and as such there are no plans to resume trading in that loan. So if even Wood***** which could be valued at somewhere close to par is to remain untradable, it is a safe assumption that all the other loans discussed on this thread will remain untradable.
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Post by chielamangus on Nov 20, 2015 18:59:37 GMT
The latest Epping update reminds me of my parents' divorce proceedings: late submissions, unverifiable claims and different opinions of different judges are the obvious factors. Add to that a frequent changing of counsel just before hearings so that everything had to be delayed while m'learned friend acquainted himself with the complexities of the case, repeat almost ad infinitum, and you have the recipe for something akin to Jarndyce & Jarndyce. It took my mother 13 years to get a (  ) settlement. I hope AC's legel team are hotter than my mother's! |
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) settlement. I hope AC's legel team are hotter than my mother's!