m2btj
Member of DD Central
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Post by m2btj on Oct 16, 2018 16:09:04 GMT
The 13th October pipeline email is a bit threadbare; a new Carlisle loan (about £200k) and 3 posh cars. That's it... Would rather quality than quantity!
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Post by df on Oct 16, 2018 16:25:32 GMT
The 13th October pipeline email is a bit threadbare; a new Carlisle loan (about £200k) and 3 posh cars. That's it... 2 posh cars are going live tomorrow. Good to see loans like this are coming back on MT. I'll be there at 12, these are very likely to fly off the shelf in minutes.
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Oct 16, 2018 18:04:41 GMT
Yes, a tempting pair of gas guzzlers, but alas, having refused to accept the revised MT Ts & Cs I shall watch from the sidelines as they no doubt fly, as you say df.
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dh1
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Post by dh1 on Oct 17, 2018 12:09:08 GMT
Interesting. They're not exactly flying. 22% left of one and 14% of the other after an hour. Wonder what that says?
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Post by Badly Drawn Stickman on Oct 17, 2018 12:19:47 GMT
Interesting. They're not exactly flying. 22% left of one and 14% of the other after an hour. Wonder what that says? Probably that Moneything have done a good job setting the bid limits, giving a slim chance to people with more restricted access.
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dh1
Member of DD Central
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Post by dh1 on Oct 17, 2018 15:56:38 GMT
Yep. The Ferrari went a while ago and there's still a bit of the Lambo left.
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marka
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Post by marka on Nov 17, 2018 12:33:57 GMT
Latest pipeline includes this ...
Has MT offered amortising loans before? I can't remember any.
Given that they only allow transactions in whole pounds on the SM, this is surely going to lead to the inability to completely sell out of it, or do people think that the new variable priced SM will allow deals with penny granularity?
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archie
Posts: 1,838
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Post by archie on Nov 17, 2018 12:43:43 GMT
Latest pipeline includes this ... Has MT offered amortising loans before? I can't remember any. Given that they only allow transactions in whole pounds on the SM, this is surely going to lead to the inability to completely sell out of it, or do people think that the new variable priced SM will allow deals with penny granularity? It's keep it simple type amortising (e.g. CSP and Wine) where the loans are split into multiple tranches repaying at different times.
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Post by Badly Drawn Stickman on Nov 17, 2018 13:02:49 GMT
Latest pipeline includes this ... Has MT offered amortising loans before? I can't remember any. Given that they only allow transactions in whole pounds on the SM, this is surely going to lead to the inability to completely sell out of it, or do people think that the new variable priced SM will allow deals with penny granularity? It's keep it simple type amortising (e.g. CSP and Wine) where the loans are split into multiple tranches repaying at different times. Couple of interesting points from that, chances are the new model secondary market would lead to the reinvention of the penny. Given that why not bring it forward and do a genuinely simple amortization of loans. Multiple tranches just clutter up the platform.
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SteveT
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Post by SteveT on Nov 17, 2018 14:10:04 GMT
Couple of interesting points from that, chances are the new model secondary market would lead to the reinvention of the penny.No need for it to, provided only whole £ parts can be traded. Any discount (or premium) changes the price paid but not the capital value of the part.
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Post by Badly Drawn Stickman on Nov 17, 2018 14:52:39 GMT
Couple of interesting points from that, chances are the new model secondary market would lead to the reinvention of the penny.No need for it to, provided only whole £ parts can be traded. Any discount (or premium) changes the price paid but not the capital value of the part. After 10 minutes of mental gymnastics I have to agree.
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marka
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Post by marka on Nov 17, 2018 16:07:22 GMT
Couple of interesting points from that, chances are the new model secondary market would lead to the reinvention of the penny.No need for it to, provided only whole £ parts can be traded. Any discount (or premium) changes the price paid but not the capital value of the part. Indeed, but with "real" amortisation each lender is likely to hold a value that isn't a round number of pounds (at par) once the first repayment has been made, hence my initial comment that such a user would be unable to sell off their entire holding in that loan. I'm not saying that it would be awful to have to hold an odd remaining 47p or whatever for the duration of the loan even if you sell up, but it would be "untidy".
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Post by GSV3MIaC on Nov 17, 2018 16:53:36 GMT
As already mentioned, currently the website doesn't support 'real' amortisation, just like it doesn't support premia or discounts on the SM .. nor does it support SM 'bids to buy' (or 'offers to buy', if you prefer that terminology). Any/all of those might get fixed soon. I do like 'offers to buy' since that is one of the pillars which establishes an actual market price, but implementing it is a whole new worm-can, since an 'offer to buy' requires funds to be tied up, available for that purpose (and not any other), in case someone actually wants to sell.
Maybe MoneyThing should just licence the ablrate system, wholesale, since it already has all of the required functionality, and mostly works most of the time, although MT do better on loan updates (easier to get to, in one place) and new loan bid restrictions.
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wysiati
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Post by wysiati on Nov 18, 2018 0:30:52 GMT
Maybe MoneyThing should just licence the ablrate system, wholesale, since it already has all of the required functionality, and mostly works most of the time, although MT do better on loan updates (easier to get to, in one place) and new loan bid restrictions. As you point, out there might be some more easily realisable gains in terms of functionality. However, I can understand a platform's reluctance to lock itself into a position where, amongst other issues, its development rate may effectively be dictated by what could be considered a competitor.
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Post by ladywhitenap on Jan 7, 2019 11:12:13 GMT
I'm not getting any of the blanket mailshots from MT due to some strange techy problem between their mail server and my ISP. They are supposed to be sorting that out but in the meantime can some kind soul say if there have been any Pipeline Updates or notification of new loans since Christmas?
TIA
LW
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