tomp
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Post by tomp on Jun 1, 2019 15:36:01 GMT
Never seen so many loans on the secondary market. Even one at a discount. I hope it is just a result of the BondMason panic attack . It is a great example how liquidity can change
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Greenwood2
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Post by Greenwood2 on Jun 1, 2019 16:37:29 GMT
Never seen so many loans on the secondary market. Even one at a discount. I hope it is just a result of the BondMason panic attack . It is a great example how liquidity can change Come to that it could actually be BondMason selling off their loans to expedite repaying their investors. Edit: or is that what you meant? Or just someone who actually needs their funds back.
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ash83
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Post by ash83 on Jun 3, 2019 7:25:03 GMT
regarding number of loans available on SM: A. The total amount there at the moment is less than 125K (I know we usualy see max 5K to 10K there)
B. Around 50K of it is distributed between two loans (not sure why?! anybody?) C. It looks like BC has introduced a whole "Sustainability assesment" which one needs to fill before being able to buy loans! personally I wanted to buy a loan on SM yesterday and the whole "Sustainability assesment" put me off! I wonder how many more investors haven't bought anything on SM because of this! (In my case I was simply too lazy to fill it yesterday and will do it at some point later). This can be another factor affecting the number of available loans on SM.
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Greenwood2
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Post by Greenwood2 on Jun 3, 2019 7:30:36 GMT
regarding number of loans available on SM: A. The total amount there at the moment is less than 125K (I know we usualy see max 5K to 10K there)
B. Around 50K of it is distributed between two loans (not sure why?! anybody?) C. It looks like BC has introduced a whole "Sustainability assesment" which one needs to fill before being able to buy loans! personally I wanted to buy a loan on SM yesterday and the whole "Sustainability assesment" put me off! I wonder how many more investors haven't bought anything on SM because of this! (In my case I was simply too lazy to fill it yesterday and will do it at some point later). This can be another factor affecting the number of available loans on SM.
Think it's a 'Suitability assessment', if I'm looking at the same thing. Probably has something to do with this. www.p2pfinancenews.co.uk/2019/06/03/p2p-industry-readies-for-investor-marketing-restrictions/
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lobster
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Post by lobster on Jun 3, 2019 9:05:35 GMT
regarding number of loans available on SM: A. The total amount there at the moment is less than 125K ........ Correct - a lot less than 125k ! In fact right now, it's precisely £5,920 . I can only assume than someone has been very busy hoovering up the SM over the last hour. Probably a decent punt by whoever it was , too.
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ant1
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Post by ant1 on Jun 3, 2019 17:31:19 GMT
Just £920 left now ................
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Post by stevefindlay on Jun 5, 2019 10:36:44 GMT
Just to confirm - we (BM) haven't been selling loans on the secondary market.
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lobster
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Post by lobster on Jun 5, 2019 19:42:11 GMT
Just £920 left now ................ ... and now some more loans have appeared on the SM - about 48.5k in total right now
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Greenwood2
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Post by Greenwood2 on Jun 5, 2019 20:01:04 GMT
Just to confirm - we (BM) haven't been selling loans on the secondary market. Why not?
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Post by stevefindlay on Jun 6, 2019 5:45:23 GMT
Just to confirm - we (BM) haven't been selling loans on the secondary market. Why not? Our focus in on bringing in loans with more than 12 months remaining, to enable an orderly wind down in that period. We don't have any loans with more than 12 months remaining with Bridge Crowd.
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SteveT
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Post by SteveT on Jun 6, 2019 7:30:22 GMT
Our focus in on bringing in loans with more than 12 months remaining, to enable an orderly wind down in that period. We don't have any loans with more than 12 months remaining with Bridge Crowd.Which, of course, doesn't mean your BC loans actually will repay within 12 months! If you do decide to start selling (at any scale), might you be willing to post here in parallel, to reduce speculation / contagion?
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