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Post by william0101 on Aug 31, 2017 19:19:16 GMT
Has anyone worked out what happens to loan parts for sale with a premium after 18 Sep and until their sell by date ?
MAYBE
1. Autobid won't buy them because of the premium and no-one else can buy them because there won't be a secondary market any more.
OR
2. the whole secondary market dies on the 18 Sep and the premium and sell by date get lost so Autosell gets them regardless
OR
3. something I haven't thought of
If 1. it could be a convenient way of ring-fencing selected loans from being sold by Autosell for 60 days after 18 Sep.
Thoughts and clarification welcomed.
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blender
Member of DD Central
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Post by blender on Aug 31, 2017 20:15:18 GMT
I would expect that those parts which are for sale but which cannot be bought after 18th will be removed from your parts for sale. Otherwise you are locked in, unable to ask FC to sell your loans. Personally, I am not going to test the system.
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Post by grahamreeds on Aug 31, 2017 20:20:45 GMT
Why don't you ask FC?
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Post by william0101 on Aug 31, 2017 21:00:35 GMT
I'm not going to ask FC because unlike many people here I am relatively new. I have no particular feeling about whether the changes are a denial of the original committed communist manifesto that only allowed some to benefit from the masses or anything else. I just asked a question,  |
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blender
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Post by blender on Aug 31, 2017 21:13:37 GMT
It's not the sort of question one would ask FC. It would be much easier just to delist the loan parts before 18th.
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Post by driain on Sept 1, 2017 5:40:21 GMT
If you look at the Q&A for selling after 18th Sept it says:
"On and after 18th September: Any remaining loan parts listed for sale at a premium or discount will be delisted and the option to sell loan parts individually will be withdrawn. All loan parts listed from 18th September will be sold at par value. All investors will buy loan parts from other investors, based on their lending preference."
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blender
Member of DD Central
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Post by blender on Sept 1, 2017 6:56:29 GMT
If everything else fails, read the instructions.  |
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Post by william0101 on Sept 1, 2017 7:10:44 GMT
If you look at the Q&A for selling after 18th Sept it says: "On and after 18th September: Any remaining loan parts listed for sale at a premium or discount will be delisted and the option to sell loan parts individually will be withdrawn. All loan parts listed from 18th September will be sold at par value. All investors will buy loan parts from other investors, based on their lending preference." Thank you. I think that means I can't use autobid / sale of any flavour until Short Term Property B******* H****** C****** 2 (30539) is sorted out (it is my one non-diversification compliant loan bought right at the beginning while experimenting with buying and selling). Does make me wonder why loan part sales were changed to 60 days though because at the time of introduction 60 days was beyond 18 Sep, perhaps FC are expecting some slippage on the 18 Sep date ?
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Post by thunderchild on Sept 10, 2017 9:57:32 GMT
worse case the loans will delist automatically after 2 weeks as you can't perpetually list a loan for sale.
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pickles
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Post by pickles on Sept 10, 2017 14:37:14 GMT
worse case the loans will delist automatically after 2 weeks as you can't perpetually list a loan for sale. The two week thing seems to have gone out of the window, if you list now it tells you it's on the SM for 60 days. Though I rather suspect they will simply switch off the manual SM on the 18th and remove everything on it, after all there's no premium or discount after then so nothing could be bought that wasn't already at par.
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mikeb
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Post by mikeb on Sept 10, 2017 19:43:34 GMT
FC's emails and physical letters have said that anything with a premium or discount will be delisted from the secondary market on the 18th.
Anything still sat at par will have (up to) 60 days left sat there for Autobid V2.0 to pick off over time.
These will join any newly listed loan parts under the "sell a mysterious selection of my loans" feature.
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