What's on the SM? (L)

You've got to be fast, got 1K tried for more.

I agree some kind of system would be great where you could allocate your dosh to a loan when avalable 
you could then just get on with your day and would be totally fair 
I'm sure the teck ppl at ss could do this quite easy 

What's wrong with extending prefunding to the SM?

Are you suggesting that we effectively produce a list of people who would like to buy x amount in PBLxxx whenever it comes up for sale. Would this be on a first come first serve basis?

For example I don't have anything on PBL048 yet but would like to diversify - if I understand your suggestion I could post, say, £100 pre-fund so that the next time £100 comes up for sale I would get it (assuming I was top of the list of those waiting for a slice).

Is that what you are suggesting? Interesting idea. I like it from the point of view of being able to diversify since the SM is currently always empty when I look and when anything does appear it goes far too fast for me to buy.

That sort of thing .. or look at how AC does it (where anything becoming available is pro-rata'd among willing buyers, iirc), or other secondary markets where you can make an offer at whatever level you like to see if anyone will sell to you (ABLRate for instance) although that invites bots and gaming/flipping unless you put some extra controls on it. A simple queue would make it slightly fairer, but would not solve the 'how do you balance supply with demand' issue (only ability to change prices can do that, iirc my Economics-101 correctly).

Prefunding on the SM could work in various ways but I envisaged the simplest, ie more or less the same as on new loans. You could set a global prefund amount or one specific to a particular loan. When a part arrives on the SM you get a share. The main problem is likely to be massive over funding so that everyone gets a trivial share, but there are ways of addressing that.