Saving Stream terminology
Jun 21, 2016 13:12:20 GMT
david42, Please turn me over, and 3 more like this
Post by awk on Jun 21, 2016 13:12:20 GMT
Just had this response from Tim which helped clarify some terminology definitions which have been nagging me (they all get used in updates). Given previous related questions, I thought it would be of general interest to forum members.
Sorry for new thread - no obvious place to put it.
Tim (Saving Stream)
Jun 21, 13:52 BST
Hi xxx,
I can confirm that 'launched' and 'go live' are the same thing. This is the point at which loans are made available to lenders to invest and the point at which pre-funding is allocated to investors.
Similarly the terms 'drawdown' and 'completed' all the same thing also. This is the point at which our legal team has perfected the security and forwarded the funds to the borrower's solicitors.
I am happy for you to share our response with forum users.
Kind regards,
Customer Services Team
Saving Stream
Sorry for new thread - no obvious place to put it.
Tim (Saving Stream)
Jun 21, 13:52 BST
Hi xxx,
I can confirm that 'launched' and 'go live' are the same thing. This is the point at which loans are made available to lenders to invest and the point at which pre-funding is allocated to investors.
Similarly the terms 'drawdown' and 'completed' all the same thing also. This is the point at which our legal team has perfected the security and forwarded the funds to the borrower's solicitors.
I am happy for you to share our response with forum users.
Kind regards,
Customer Services Team
Saving Stream