brin
I am trying to stay calm.
Posts: 379
Likes: 69
|
Post by brin on Mar 14, 2016 22:03:39 GMT
Hee Hee just done it on google images, very funny , but not sure if some of them are the sort of impression I want to incur. EG.
|
|
cooling_dude
Bye Bye's for the PPI
Posts: 2,853 
Likes: 4,298
|
Post by cooling_dude on Mar 14, 2016 22:09:04 GMT
I am going to look for a avatar , being an avid scrabble player, I will probably find something along those lines.. feel free to drop me an appropriate idea if you like. 
|
|
brin
I am trying to stay calm.
Posts: 379
Likes: 69
|
Post by brin on Mar 14, 2016 22:11:49 GMT
I am starting to think "can of worms" now.
I might award a rosette.
|
|
adrianc
Member of DD Central
Posts: 10,018
Likes: 5,146
|
Post by adrianc on Mar 16, 2016 8:09:01 GMT
|
|
brin
I am trying to stay calm.
Posts: 379
Likes: 69
|
Post by brin on Mar 17, 2016 1:14:42 GMT
i do like that one, it is appropriate, probably to everyone 
|
|
|
|
Post by caveman38 on Mar 21, 2016 12:18:25 GMT
Can someone explain to me the role of underwriters are who they are.
|
|
alanp
Member of DD Central
Posts: 168
Likes: 72
|
Post by alanp on Mar 21, 2016 13:11:11 GMT
Typically underwriters are individuals or firms that agree to take up anything left over after "Joe Public" has filled his boots. They would charge a fee for this no doubt. It is a way for platforms to have a firm commitment to obtaining the funds they need to make the loan before they offer it out to all and sundry. Share placements / new issues have utilised this method for years for the same reasons - the issuer doesn't want a total flop on his hands on launch day . As to who they are, no idea, and TBH do not need to know. All that matters to me is that any loan I subscribe to gets filled and launched so I can't start earning a few pennies in interest. |
|
SteveT
Member of DD Central
Posts: 6,875
Likes: 7,924
|
Post by SteveT on Mar 21, 2016 13:12:11 GMT
|
|
Jeepers
Member of DD Central
Posts: 818
Likes: 721
|
Post by Jeepers on Mar 22, 2016 9:40:25 GMT
Will interest be paid on the 1st of the month as normal or on the last day of the tax year (5th April)?
Seem to remember all interest was paid up to the end of the tax year last year.
|
|
Investor
Member of DD Central
Posts: 662
Likes: 590
|
Post by Investor on Mar 22, 2016 11:32:16 GMT
Interest last year was paid on 31/03/2015 as per SOP
|
|
ablender
Member of DD Central
Posts: 2,204
Likes: 555
|
Post by ablender on Mar 22, 2016 18:12:45 GMT
Interest last year was paid on 31/03/2015 as per SOP SOP?
|
|
ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,330
Likes: 11,549
|
Post by ilmoro on Mar 22, 2016 18:14:16 GMT
Interest last year was paid on 31/03/2015 as per SOP SOP? Standard Operating Procedure I would suggest
|
|
homes119
Member of DD Central
Posts: 93
Likes: 19
|
Post by homes119 on Mar 23, 2016 13:07:29 GMT
Maybe i've missed something but taking a look at the T&Cs again, I notice that I have never come across the Loan Contract, does anyone know how/where to get hold of it for each loan?
Below is an extract of Article 7 of the T&Cs (sorry for the formatting, bold is mine).
7The Loan Contract 7.1Once you have paid funds into your Saving Stream lender account or used the Auto Deposit Function in accordance with clause 3 and selected loan requests and agreed to transfer funds to those loan requests using the tick box, you automatically enter into a Loan Contract with the borrower for the loan part and your money is then transferred from your Saving Stream lender account to the Saving Stream account of the borrower. The loan documentation will be generated automatically to include the term sheet, setting out the specific details of the loan, and to incorporate our standard loan conditions, comprising together the Loan Contract. The first time you lend funds you will be required to accept the loan conditions for all your on-going lending. You will be deemed to accept the loan conditions by ticking a box when prompted.
7.2Until the monies in your lender account have been allocated to a loan request no interest will be earned by you or paid to you on monies in your Saving Stream lender account.
7.3If you purchase a loan part from another lender ("Existing Lender"), you agree to the provisions set out in clause 10 (selling your loan part). Your money will be transferred from your Saving Stream lender account to the Saving Stream account of the Existing Lender. Information on the transfer of loan parts is set out in clause 10 and in the Loan Contract.
7.4Each time you purchase or sell a loan part, you will be shown the Loan Contract which will detail the legal terms of the loan.
7.5In all Loan Contracts we will quote a lender's address as being "c/o Saving Stream (acting as agent on behalf of the lenders)" and state Saving Stream's postal address. Each lender agrees that all notices and communications given to it by a borrower may be sent to Saving Stream acting as agent on their behalf.
7.6Each loan will be for the period specified in the Loan Contract applying to it. The period of the Loan Contract will in all cases be a minimum term of 30 days and a maximum term of 364 days.
7.7A Loan Contract may be renewed at the end of the term by agreement between Saving Stream and the borrower.
7.8A Loan Contract is between the lender and the borrower. Saving Stream and/or Saving Stream Security Holding has no liability in relation to the Loan Contract.
|
|
ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,330
Likes: 11,549
|
Post by ilmoro on Mar 23, 2016 14:12:59 GMT
Maybe i've missed something but taking a look at the T&Cs again, I notice that I have never come across the Loan Contract, does anyone know how/where to get hold of it for each loan?
Below is an extract of Article 7 of the T&Cs (sorry for the formatting, bold is mine).
7The Loan Contract 7.1Once you have paid funds into your Saving Stream lender account or used the Auto Deposit Function in accordance with clause 3 and selected loan requests and agreed to transfer funds to those loan requests using the tick box, you automatically enter into a Loan Contract with the borrower for the loan part and your money is then transferred from your Saving Stream lender account to the Saving Stream account of the borrower. The loan documentation will be generated automatically to include the term sheet, setting out the specific details of the loan, and to incorporate our standard loan conditions, comprising together the Loan Contract. The first time you lend funds you will be required to accept the loan conditions for all your on-going lending. You will be deemed to accept the loan conditions by ticking a box when prompted.
7.2Until the monies in your lender account have been allocated to a loan request no interest will be earned by you or paid to you on monies in your Saving Stream lender account.
7.3If you purchase a loan part from another lender ("Existing Lender"), you agree to the provisions set out in clause 10 (selling your loan part). Your money will be transferred from your Saving Stream lender account to the Saving Stream account of the Existing Lender. Information on the transfer of loan parts is set out in clause 10 and in the Loan Contract.
7.4Each time you purchase or sell a loan part, you will be shown the Loan Contract which will detail the legal terms of the loan.
7.5In all Loan Contracts we will quote a lender's address as being "c/o Saving Stream (acting as agent on behalf of the lenders)" and state Saving Stream's postal address. Each lender agrees that all notices and communications given to it by a borrower may be sent to Saving Stream acting as agent on their behalf.
7.6Each loan will be for the period specified in the Loan Contract applying to it. The period of the Loan Contract will in all cases be a minimum term of 30 days and a maximum term of 364 days.
7.7A Loan Contract may be renewed at the end of the term by agreement between Saving Stream and the borrower.
7.8A Loan Contract is between the lender and the borrower. Saving Stream and/or Saving Stream Security Holding has no liability in relation to the Loan Contract.
I raised around the time the new T&Cs launched, might have even emailed SS, and have dropped it into a few discussions since but never elicted any response. So the straight answer to you question is no 
|
|
homes119
Member of DD Central
Posts: 93
Likes: 19
|
Post by homes119 on Mar 23, 2016 14:39:30 GMT
Maybe i've missed something but taking a look at the T&Cs again, I notice that I have never come across the Loan Contract, does anyone know how/where to get hold of it for each loan?
Below is an extract of Article 7 of the T&Cs (sorry for the formatting, bold is mine).
7The Loan Contract 7.1Once you have paid funds into your Saving Stream lender account or used the Auto Deposit Function in accordance with clause 3 and selected loan requests and agreed to transfer funds to those loan requests using the tick box, you automatically enter into a Loan Contract with the borrower for the loan part and your money is then transferred from your Saving Stream lender account to the Saving Stream account of the borrower. The loan documentation will be generated automatically to include the term sheet, setting out the specific details of the loan, and to incorporate our standard loan conditions, comprising together the Loan Contract. The first time you lend funds you will be required to accept the loan conditions for all your on-going lending. You will be deemed to accept the loan conditions by ticking a box when prompted.
7.2Until the monies in your lender account have been allocated to a loan request no interest will be earned by you or paid to you on monies in your Saving Stream lender account.
7.3If you purchase a loan part from another lender ("Existing Lender"), you agree to the provisions set out in clause 10 (selling your loan part). Your money will be transferred from your Saving Stream lender account to the Saving Stream account of the Existing Lender. Information on the transfer of loan parts is set out in clause 10 and in the Loan Contract.
7.4Each time you purchase or sell a loan part, you will be shown the Loan Contract which will detail the legal terms of the loan.
7.5In all Loan Contracts we will quote a lender's address as being "c/o Saving Stream (acting as agent on behalf of the lenders)" and state Saving Stream's postal address. Each lender agrees that all notices and communications given to it by a borrower may be sent to Saving Stream acting as agent on their behalf.
7.6Each loan will be for the period specified in the Loan Contract applying to it. The period of the Loan Contract will in all cases be a minimum term of 30 days and a maximum term of 364 days.
7.7A Loan Contract may be renewed at the end of the term by agreement between Saving Stream and the borrower.
7.8A Loan Contract is between the lender and the borrower. Saving Stream and/or Saving Stream Security Holding has no liability in relation to the Loan Contract.
I raised around the time the new T&Cs launched, might have even emailed SS, and have dropped it into a few discussions since but never elicted any response. So the straight answer to you question is no Thanks, that's not normal, i'll send an email to them and revert. If they don't respond i'll create a dedicated thread.
|
|
