awk
Posts: 276
Likes: 147
Member is Online
|
Post by awk on Mar 9, 2016 10:26:39 GMT
Hi, has anyone had a definitive answer to:-
1) what value is actually going live today for DFL 1 & 2
2) how to prefund if you already have some of 4a/4b/50 i.e. do you get the roll-over automatically and any prefund is against 'new' funding (if we knew what that was)
There are many sensible thoughts/guesses on this thread, but I couldn't see anything that came from the horses mouth - so to speak (although a horse would probably communicate better).
|
|
ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,329 
Likes: 11,549
|
Post by ilmoro on Mar 9, 2016 10:32:12 GMT
Hi, has anyone had a definitive answer to:- 2) how to prefund if you already have some of 4a/4b/50 i.e. do you get the roll-over automatically and any prefund is against 'new' funding (if we knew what that was) Correct. If you just want to rollover your exisiting holding then set your prefund to £0, so you dont receive an additional allocation. This is from SS in response to a Q posted on site this morning (unfortunately not visible)
|
|
ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,329
Likes: 11,549
|
Post by ilmoro on Mar 9, 2016 10:33:04 GMT
Hi, has anyone had a definitive answer to:- 1) what value is actually going live today for DFL 1 & 2 2) how to prefund if you already have some of 4a/4b/50 i.e. do you get the roll-over automatically and any prefund is against 'new' funding (if we knew what that was) There are many sensible thoughts/guesses on this thread, but I couldn't see anything that came from the horses mouth - so to speak (although a horse would probably communicate better). I thought I had been given a clear answer by savingstream , which was that if the refund was set to £0 then your money would automatically roll over but I'm now more confused. I'm going to send another email seeking further clarification .. / .- -- / .-. . .- .-.. .-.. -.-- / -.-. --- -. ..-. ..- ... . -.. / -. --- .-- / -.-. .- -. / .-- . / .... .- ...- . / .- / -. . .-- / .--. --- .-.. .-.. You had, but it got 'interpreted' I have had the same response as you
|
|
am
Posts: 1,495
Likes: 601
|
Post by am on Mar 9, 2016 13:21:11 GMT
1. How will the DLF loan tranches be released (i.e. will every DFL loan tranche be available for pre-funding or will they just be dumped on the SM)?
SS will create a new £500k tranche in the pipeline a week or two before it is required to control allocation fairly and to allow the to gauge funding availability. When they launch a new tranche, all investors in that particular tranche will be ‘blended’ into the loan and secured on a pari paru basis.
2. What method will be used to decide how much of the total loan is released at each stage?
Each tranche will be for £500,000 and will be payable to the developer on receipt of a satisfactory QS report. SS will release this to investors for review before drawing down upon it. It doesn't seem reasonable (IMHO, YMMV) to have a one size fits all tranche size for all DFLs. Is the £500k figure specific to one project?
|
|
freddy
Member of DD Central
Posts: 147
Likes: 145
|
Post by freddy on Mar 9, 2016 13:36:52 GMT
Does the same apply for PBL50 & DFL02.
|
|
star dust
Member of DD Central
Posts: 2,998
Likes: 3,531
|
Post by star dust on Mar 9, 2016 13:47:50 GMT
I've sent off an email just to clarify a) the procedure just to roll funds over, b) the procedure to roll funds over and add additional funds. .... --- .--. . / - .... .- - / -... ..- --. --. . .-. / -.. --- . ... / -. --- - / ... - .- .-. - / .- / -. . .-- / .--. --- .-.. .-.. / -. --- .-- Reply from Tim at SS Hi James, All investments in PBL4a/b will roll over into DFL001. You only need to set a pre-fund if you wish to increase your investment in the remaining availability in this loan. Kind regards, Customer Services Team Saving Stream Well, this response seems a bit clearer, I wondered if having funds to roll, and setting a target on pre-fund might result in getting less than you already had. However, I have this morning picked up an additional amount of PBL 50 on the SM, I now have enough of this loan to just want to roll the full amount into DFL 02, so I have set my pre-fund to £0. Here's hoping I'm not living too dangerously and the roll rolls! Edit: I have asked the horse's mouth but am still awaiting a reply.
|
|
ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,329
Likes: 11,549
|
Post by ilmoro on Mar 9, 2016 13:48:28 GMT
Does the same apply for PBL50 & DFL02. Yes, that was the loan I specifically asked about and got the same reply as outlined in my post above Still waiting for a response on exactly how much will be launched today on both loans
|
|
freddy
Member of DD Central
Posts: 147
Likes: 145
|
Post by freddy on Mar 9, 2016 13:51:39 GMT
Does the same apply for PBL50 & DFL02. Yes, that was the loan I specifically asked about and got the same reply as outlined in my post above Still waiting for a response on exactly how much will be launched today on both loans Thank you.
|
|
|
|
Post by savingstream on Mar 9, 2016 13:56:33 GMT
Hi, has anyone had a definitive answer to:- 1) what value is actually going live today for DFL 1 & 2 2) how to prefund if you already have some of 4a/4b/50 i.e. do you get the roll-over automatically and any prefund is against 'new' funding (if we knew what that was) There are many sensible thoughts/guesses on this thread, but I couldn't see anything that came from the horses mouth - so to speak (although a horse would probably communicate better). I thought I had been given a clear answer by savingstream , which was that if the refund was set to £0 then your money would automatically roll over but I'm now more confused. I'm going to send another email seeking further clarification .. / .- -- / .-. . .- .-.. .-.. -.-- / -.-. --- -. ..-. ..- ... . -.. / -. --- .-- / -.-. .- -. / .-- . / .... .- ...- . / .- / -. . .-- / .--. --- .-.. .-.. Your original position in this loan will automatically roll into the new DFL. If you want to increase your holding in the new part, then you can adjust this via the PreFunding system. i.e if you hold £1k now in 4a/b and want to increase it by another £1k, then adjust your PF level in the DFL 1 to £1k. You will then be holding £2k in the DFL loan.
|
|
mikes1531
Member of DD Central
Posts: 6,453
Likes: 2,320
|
Post by mikes1531 on Mar 9, 2016 14:55:22 GMT
I thought I had been given a clear answer by savingstream , which was that if the refund was set to £0 then your money would automatically roll over but I'm now more confused. I'm going to send another email seeking further clarification Your original position in this loan will automatically roll into the new DFL. If you want to increase your holding in the new part, then you can adjust this via the PreFunding system. i.e if you hold £1k now in 4a/b and want to increase it by another £1k, then adjust your PF level in the DFL 1 to £1k. You will then be holding £2k in the DFL loan. : Your response above suggests that a £1k pre-funding request will be met in full. Is that because you know that this loan will be allocated bottom-up and everyone will be allocated at least £1k? Or because the new funding will be more than £1M, and is undersubscribed so that the allocation factor will be 100%? Or did you simply give an example that assumed 100% allocation without regard to how likely that outcome might be? Can you say yet what amount to be funded is so that we'll know what the allocation method will be -- i.e. bottom-up vs. percentage?
|
|
oldgrumpy
Member of DD Central
Posts: 5,087
Likes: 3,233
|
Post by oldgrumpy on Mar 9, 2016 15:04:03 GMT
The fog clears  I have reduced my pre-fund on DFL2 accordingly. Now, to await my selling Q* position in PBL33 and PBL35. Looks like it might be days away  * I am assuming "for sale" parts are queued for selling. |
|
|
|
Post by savingstream on Mar 9, 2016 15:05:49 GMT
Your original position in this loan will automatically roll into the new DFL. If you want to increase your holding in the new part, then you can adjust this via the PreFunding system. i.e if you hold £1k now in 4a/b and want to increase it by another £1k, then adjust your PF level in the DFL 1 to £1k. You will then be holding £2k in the DFL loan. : Your response above suggests that a £1k pre-funding request will be met in full. Is that because you know that this loan will be allocated bottom-up and everyone will be allocated at least £1k? Or because the new funding will be more than £1M, and is undersubscribed so that the allocation factor will be 100%? Or did you simply give an example that assumed 100% allocation without regard to how likely that outcome might be? Can you say yet what amount to be funded is so that we'll know what the allocation method will be -- i.e. bottom-up vs. percentage? Sorry Mike - it was an example. Bottom up for all tranche parts.
|
|
I have reduced my pre-fund on DFL2 accordingly.