Investboy
Member of DD Central
Trying to recover from P2P revolution
Posts: 564
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Post by Investboy on Nov 5, 2015 16:28:13 GMT
Can someone explain me the pricing mechanism for parts on SM when they are put with premium. For example this situation: Loan (16365, Expansion And Growth Loan, D) with 0 repayments has a part with principle £80.00 listed for £80.97. That includes premium of £0.24 (0.3%)
So where does the difference of £0.73 comes from? Is that some sort of a FC fee? I thought the seller is charged 0.25% fee not buyer.
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dawn
Member of DD Central
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Post by dawn on Nov 5, 2015 16:32:23 GMT
The other 73p is the interest accrued so far on that loan part. The buyer pays the seller the interest at time of sale. The buyer then gets the full months interest when it comes in (may only be a few days time).
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acky
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Post by acky on Nov 5, 2015 16:33:15 GMT
Can someone explain me the pricing mechanism for parts on SM when they are put with premium. For example this situation: Loan (16365, Expansion And Growth Loan, D) with 0 repayments has a part with principle £80.00 listed for £80.97. That includes premium of £0.24 (0.3%) So where does the difference of £0.73 comes from? Is that some sort of a FC fee? I thought the seller is charged 0.25% fee not buyer. The difference is accrued interest
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Investboy
Member of DD Central
Trying to recover from P2P revolution
Posts: 564
Likes: 201
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Post by Investboy on Nov 5, 2015 21:35:25 GMT
Thanks dawn, acky. I thought someone was ripping me off.
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