micro2
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Post by micro2 on Feb 17, 2016 17:11:10 GMT
I am confused to exactly how a new lone is shared out to investors.
I thought it was shared out evenly to all investors, until the smaller lone parts were fulfilled.
I.e., if there was a £500 lone available and 4 people pre-funded £100 each and 1 pre-funded £200, then all investors would get £100 each.
Of if a £500 lone was available and 1 person pre-funded £100 and 3 offered £200, then the £100 person would get £100 and the £200 people would get £133 each.
However, based on my recent pre-unding experience I have clearly misunderstood how it works as this is not the case!
Could someone please explain to me how it does work?
Thanks in advance.
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webwiz
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Post by webwiz on Feb 17, 2016 17:13:27 GMT
I am confused to exactly how a new lone is shared out to investors. I thought it was shared out evenly to all investors, until the smaller lone parts were fulfilled. I.e., if there was a £500 lone available and 4 people pre-funded £100 each and 1 pre-funded £200, then all investors would get £100 each. Of if a £500 lone was available and 1 person pre-funded £100 and 3 offered £200, then the £100 person would get £100 and the £200 people would get £133 each. However, based on my recent pre-unding experience I have clearly misunderstood how it works as this is not the case! Could someone please explain to me how it does work? Thanks in advance. At present what you describe is right for loans up to £1m. Above that it is proportional. I expect this will change soon.
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micro2
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Post by micro2 on Feb 17, 2016 17:19:15 GMT
Ok, i understand now. Thanks
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adrianc
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Post by adrianc on Feb 17, 2016 17:36:19 GMT
If it was a lone pre-fund, then it'd be 100%, and the SM would be overflowing...
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