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Post by andrewholgate on Feb 25, 2014 7:17:16 GMT
The reason I am up so early is I'm on one of Mr Branson's trains heading to a P2PFA gathering in that there London.
Any questions you would like asked?
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Post by jackpease on Feb 25, 2014 8:20:33 GMT
Yes please! "If a small to mid sized P2P/B firm failed - presumably what would happen is that unexpectedly high defaults would cause lenders to all try to sell their loans and no one buy them - and a sort of lock up. Would that be contagious to other lenders - and would such a 'locked up' lender be an attractive acquisition for a larger P2P/B business?"
I'll understand if that's an uncomfortable thing to talk about!
Jack
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j
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Post by j on Feb 25, 2014 9:22:25 GMT
Would there ever be any plans to take out some sort of collective insurance (providing it's feasible/affordable) to provide extra protection against defaults (I know AC particularly take assets as an extra protection, but on top of that too)?
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Post by andrewholgate on Feb 25, 2014 10:24:25 GMT
You can follow me on twitter @assetzcapmd I'm tweeting the event.
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bugs4me
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Post by bugs4me on Feb 25, 2014 11:58:09 GMT
Would there ever be any plans to take out some sort of collective insurance (providing it's feasible/affordable) to provide extra protection against defaults (I know AC particularly take assets as an extra protection, but on top of that too)? I wouldn't have thought that would have been feasible and affordable. The only market I can think of that would take a punt on this type of business would be Lloyd's and even then I think you'd be hard pushed to find a lead underwriter.
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Post by andrewholgate on Mar 3, 2014 8:43:10 GMT
Sorry for not responding sooner on this. I didn't get chance to ask the questions on the day.
However, would I buy a P2X business that was in administration? Depends on the loan book. If the book was performing (ie defaults were in an acceptable range and repayments being made, good margins etc) then yes i would. But if the loan book was in poor state, then no.
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