peteuk
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Post by peteuk on Mar 2, 2016 10:36:38 GMT
How about just stopping any resale for a week so that all funds are cleared and there is real money invested, also it may focus peoples minds on how much they can prefund if at the end of the day they have to stump up the cash, or hopefully get banned by ss
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cooling_dude
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Post by cooling_dude on Mar 2, 2016 10:44:10 GMT
Well they should keep it, since it'd be their money which is on loan, until someone pays for the parts. They could also (as already suggested) try to time new loans, or new tranches of old ones, to pick up the slack, given how relatively in-elastic the SM is, and how all the interest appears on the same day. I agree that if they are doing us a service it would be fair for them to keep the interest, but it is interest that other investors would be earning in any period that SS hold that investment "part". As it stands the SM is liquid, so SS know they can place the amount back onto SM, with no concerns that it won't sell; so there is the temptation to keep these loans for " one more day" to gain that extra bit of interest. I think it would be fairer for the platform if any interest earned in this "hypothetical" situation is placed into the PF, that way any Gaming could benefit us on both interest day and in the future. BTW - This is me thinking out loud a Hypothetical situation; I'm not suggested SS are up to anything; in fact, I'm quite happy with the way they currently deal with my money 
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sl75
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Post by sl75 on Mar 2, 2016 11:10:02 GMT
And unlike the stock market, the deal can only be done at a fixed price, which IMO is the cause of a lot of the problem (I might buy some (extra) of the stuff currently on the SM, if there was some incentive to do so). There seem to be plenty of people for whom 12% interest on otherwise uninvested cash is an adequate incentive. If anything creating incentives to buy specific loans would exacerbate rather than solve the problem - people would avoid buying (or maybe commit to buy, but then not pay for) loans without incentives, in the hope of forcing SS to offer more incentives... we've already seen the result of that kind of game-playing on FC.
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Post by GSV3MIaC on Mar 2, 2016 12:25:30 GMT
And unlike the stock market, the deal can only be done at a fixed price, which IMO is the cause of a lot of the problem (I might buy some (extra) of the stuff currently on the SM, if there was some incentive to do so). There seem to be plenty of people for whom 12% interest on otherwise uninvested cash is an adequate incentive. In which case why is there £ half a million on the SM all morning ... all those people out to lunch or something?
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sl75
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Post by sl75 on Mar 2, 2016 12:40:37 GMT
There seem to be plenty of people for whom 12% interest on otherwise uninvested cash is an adequate incentive. In which case why is there £ half a million on the SM all morning ... all those people out to lunch or something? More loans being made available for sale about as fast as the existing ones are selling. If you look at the Investor Activity tab on a selection of loans, you'll see there've been some quite chunky sales going through. No REALLY HUGE ones right now... but given the demonstrated existence of BHs with several hundred thousand pound appetites per loan, it seems only a matter of time before at least one of them decides they want to get some more funds into the system, and is grateful for having some chunks worth bothering with available.
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adrianc
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Post by adrianc on Mar 2, 2016 12:56:42 GMT
In which case why is there £ half a million on the SM all morning ... all those people out to lunch or something? More loans being made available for sale about as fast as the existing ones are selling. Stuff's moving, but not THAT fast - there's over £200k of 84 just hanging around. The amount's not changing much, so it's very unlikely to be one-in-one-out.
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sl75
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Post by sl75 on Mar 2, 2016 13:17:36 GMT
More loans being made available for sale about as fast as the existing ones are selling. Stuff's moving, but not THAT fast - there's over £200k of 84 just hanging around. The amount's not changing much, so it's very unlikely to be one-in-one-out. Just within the last 10 trades today, 084 has had a single buyer take £40k according to "Investor Activity" [Edit: not any more, as further activity has scrolled it off], and there've been several other chunks coming off - indeed in the last few minutes I've been watching whilst considering this post, at least 5 trades have occurred totaling just over £2.2k.
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mikes1531
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Post by mikes1531 on Mar 2, 2016 17:23:05 GMT
If loan parts are sold to cover the purchase, these would also have Friday as the settlement date, so the seller would continue to get interest during those 2 days (from their existing loan parts), and the buyer would similarly have 2 days to introduce funds and/or sell loan parts. - At the moment, interest stops accruing to the seller from the moment they put the part up for sale. I think the above suggestion would require a two-day delay in the accrual stoppage.
- If the buyer deposits funds, then they have two days to do so. But if they sell parts to fund their new purchase, and the parts aren't put on the SM and actually sell that same day, then the 2-day settlement period would mean the sale proceeds wouldn't be available by the Friday.
Or am I misunderstanding the proposal?
PS. This does seem to complicate the SM process, possibly for minimal advantage.
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adrianc
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Post by adrianc on Mar 2, 2016 17:36:24 GMT
Of course, we're all guessing as to whether this actually IS a problem for savingstream, or whether it's just something we think it is - based on very partial information and maybe a hint of jealousy of BHitters... Sure, there's recently been a wodge of parts released - but they shot out the traps in short order, and there's been a lot more parts lingering - seemingly not from SS - today. |
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mikes1531
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Post by mikes1531 on Mar 2, 2016 20:13:35 GMT
Sure, there's recently been a wodge of parts released - but they shot out the traps in short order, and there's been a lot more parts lingering - seemingly not from SS - today. Maybe some other BHs, watching what's been happening, decided to try to stay in SS's good graces by selling off some of the excess parts of their choice before SS came to them with a big stick and started selling parts for them willy-nilly?
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jonah
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Post by jonah on Mar 2, 2016 20:41:18 GMT
Of course, we're all guessing as to whether this actually IS a problem for savingstream , or whether it's just something we think it is - based on very partial information and maybe a hint of jealousy of BHitters... Sure, there's recently been a wodge of parts released - but they shot out the traps in short order, and there's been a lot more parts lingering - seemingly not from SS - today. Most sensible post this week imo.
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