DFL012 H********* Quay, Liverpool DEFAULT (Partial Recovery

Last night I checked the difference between the amount on the SM and the sales queue. It was the same as now at £169,479. The loan value increased.
That means either the latest tranche was fully subscribed or something more clandestine.

I'm not sure everyone understands that a brand new tranche being offered on the primary market is not better, newer, shinier and safer than the old queue of stuff sitting on the secondary market.

Or if they do,it may be a subliminal thing and putting in a prefund bid on the primary market just seems a more acceptable thing to do than buying up something old and second-hand from a big long queue on the secondary market.

Also buying on the primary market is a lot more exciting than buying on the secondary market in that you have to pitch your bid and then await the outcome and see how much you got. It's all a process of excitement going right down to will it or won't launch on the day once the clock gets round to 5pm and LY haven't done anything yet.

This method of checking the SM value against the sales queue is the best we have at this time.

If the amount (SM vs SQ) increases then we know that either and underwriter or Lendy themselves have held some of the loan and have dumped it on the SM (regular Lendy investor's sales take priority over Lendy/underwriter sales).

It is possible, immediately after a tranche goes live, to glean some information by looking at the recent investors for the loan. If a loan or tranche does not fill then ALL values will be equal to the possible selections on the prefunding page. If one is different to the prefund possibilities, then it is likely (but not certain) that the loan/tranche was fully funded and that the allocation was equal to the largest amount shown. This method has a lot of uncertainty but does quite often reveal the truth. One has to be aware that on fully funded loans/tranches there is often a small surplus left on the SM which can be immediately gobbled (showing up in the recent investors) and also, on a tranche where there is a huge chunk already available in the mother loan, there may be all sorts of SM activity.

I often make a quick check of the recent investors tab as soon as a loan or tranche goes live. Unfortunately, I was in a meeting today when the latest HQ tranche went live. Perhaps I will automate the process of viewing the recent investors after a 'go live' so that I can provide the information more reliably in future.

EDIT: Many investors will already know this stuff. The explanations are included for information only. Apologies to any grand-mères already au fait with oeuf sucking.

Same for me, cant's see it. Says it's private.

Please turn me over looks like you have made it so others are not allowed to view it

Thanks Timmy!
Great update as always.


This is my biggest individual loan. Only thing, is there more money to be raised before completion?