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Post by Loanpad on Dec 10, 2019 15:27:59 GMT
Many thanks Loanpad . You will appreciate you are dealing with a very nervous website at this juncture in P2P history. Hi nooneere we understand as obviously there have been some issues in the sector lately. We’re hoping to see things play out fairly for all investors. We know that is important for trust in the sector and all other platforms must surely recognise that too. It is still quite early days but we are on your side for what it’s worth and we believe all other platforms are/will be too
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Post by Ace on Dec 10, 2019 17:56:51 GMT
I can't make any sense of this, assuming that I have a share in every loan. The only loan which does not have status "Live" represents about 2.3% of the loan book but the ICF is paying interest on 3.99%. Hi littleoldlady - this has been fixed and is now displaying correctly. Apologies for any confusion. , is the ICF Committed Usage displayed on the Live Data Feed correct? I ask because I didn't notice the value change when the number of ICF Serviced Loans dropped from 2 to 1.
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Post by Loanpad on Dec 11, 2019 14:57:49 GMT
Hi littleoldlady - this has been fixed and is now displaying correctly. Apologies for any confusion. , is the ICF Committed Usage displayed on the Live Data Feed correct? I ask because I didn't notice the value change when the number of ICF Serviced Loans dropped from 2 to 1. Hi Ace yes it is correct – it includes interest cover for the full agreed extension period. The loan that is overdue is expected to be repaid in early January with two sales currently in legals. Separately, we will be substantially increasing the size of the ICF early next year.
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upperdeane
Member of DD Central
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Post by upperdeane on Apr 5, 2020 10:20:48 GMT
Hi Loanpad. Any chance of an update on the ICF please. I see today on the data only £40k funds remain in the ICF and 2.25 percent of loan book is serviced by ICF. Id be interested in your comments of how the ICF is working in these troubled times. Cheers |
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upperdeane
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Likes: 245
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Post by upperdeane on Apr 8, 2020 17:59:40 GMT
Hi Loanpad . Any chance of an update on the ICF please. I see today on the data only £40k funds remain in the ICF and 2.25 percent of loan book is serviced by ICF. Id be interested in your comments of how the ICF is working in these troubled times. Cheers Hi Loanpad. Any comment please?
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Post by Ace on Mar 29, 2021 14:01:22 GMT
Positive updates were received for both loans being covered by the ICF over the weekend.
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p2pfan
Member of DD Central
Full-Time Investor
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Post by p2pfan on Jun 9, 2021 10:37:12 GMT
Loanpad , is the ICF Committed Usage displayed on the Live Data Feed correct? I ask because I didn't notice the value change when the number of ICF Serviced Loans dropped from 2 to 1. Hi Ace yes it is correct – it includes interest cover for the full agreed extension period. The loan that is overdue is expected to be repaid in early January with two sales currently in legals. Separately, we will be substantially increasing the size of the ICF early next year.That increase in the size of the ICF in "early next year" i.e. 2020, doesn't seem to have happened. It is still only £40k. That's a tiny sum to have in a loan book of tens of millions of pounds and doesn't give much protection at all.
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Post by Ace on Jun 9, 2021 11:03:15 GMT
Hi Ace yes it is correct – it includes interest cover for the full agreed extension period. The loan that is overdue is expected to be repaid in early January with two sales currently in legals. Separately, we will be substantially increasing the size of the ICF early next year.That increase in the size of the ICF in "early next year" i.e. 2020, doesn't seem to have happened. It is still only £40k. That's a tiny sum to have in a loan book of tens of millions of pounds and doesn't give much protection at all. I think that's when it increased from £20k to £40k. It's only there to cover the daily interest payments on defaulted loans. But yes, given the increase in funds lent it could do with another increase.
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