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Archives: FAQs

GDPR Statement

22/05/2018

GDPR Statement

GDPR Statement The EU General Protection Regulation (GDPR) is a significant piece of EU legislation which is coming into force on the 25th.

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How to create an offer

30/01/2018

How to create an offer

To view the video in more detail please click the arrows on the bottom right of the video, this will give you a.

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How to create a bid on the Ablrate secondary market

30/01/2018

How to create a bid on the Ablrate secondary market

To be able to see more detail, clicking on the arrows on the bottom right hand corner will give you a full screen.

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What is peer to peer lending?

15/12/2017

What is peer to peer lending?

Peer to peer lending is also abbreviated as ‘P2P lending’ or ‘crowdlending’. This phrase is used as an all encompassing phrase for the.

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What is a peer to peer lending ISA?

27/09/2017

What is a peer to peer lending ISA?

A ‘peer to peer lending ISA’ is just another expression used to describe the Innovative Finance ISA. It is described by some as.

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At what point can I transfer my ISA from another provider to you?

06/09/2017

At what point can I transfer my ISA from another provider to you?

You can transfer your ISA at any time, you do not have to wait until the end of the tax year.  You are.

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What happens if I accidentally over fund my Ablrate IFISA account?

06/09/2017

What happens if I accidentally over fund my Ablrate IFISA account?

The platform is integrated with our ISA administrators so if you try to transfer from your standard account to your IFISA account you.

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Can I fund my IFISA through a one off lump sum?

06/09/2017

Can I fund my IFISA through a one off lump sum?

An individual can fund an IFISA however they wish to before the 5th April in that tax year to make use of that.

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Lending through your Ablrate IFISA

06/09/2017

Lending through your Ablrate IFISA

Lending through your IFISA is exactly the same process as through your Standard Account. Funds in your Innovative Finance ISA will only start.

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If I do not make an investment during the tax year, do I keep my ISA allowance?

06/09/2017

If I do not make an investment during the tax year, do I keep my ISA allowance?

If you make a cash subscription to your IFISA account, the amount subscribed will use part of your ISA allowance, even if you.

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How much of your existing ISA can you transfer?

06/09/2017

How much of your existing ISA can you transfer?

You can transfer all your existing ISA; we do not have a minimum transfer-in amount, however if it is below £2,500 we do.

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How do expected IFISA returns compare to cash ISA returns

06/09/2017

How do expected IFISA returns compare to cash ISA returns

Cash ISAs operated by UK banks and building societies are covered by the Government’s Financial Services Compensation Scheme. This means that if the.

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Can I move cash from my standard account into new IFISA?

06/09/2017

Can I move cash from my standard account into new IFISA?

Yes. If you are using your Standard Account click on the ‘Withdraw’ button and on the next page you can select the option.

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Can I transfer existing holdings from my Standard Account into my IFISA account?

06/09/2017

Can I transfer existing holdings from my Standard Account into my IFISA account?

Ablrate are unable to transfer existing holdings from your Standard Account to your IFISA account. HMRC rules essentially mean that any ‘transfer’ of.

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What is the Ablrate Secondary Market?

02/09/2017

What is the Ablrate Secondary Market?

Whenever you make an investment one of the main criteria is access i.e. how do you get your money out and when? Often.

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What is an IFISA?

02/08/2017

What is an IFISA?

An ISA is an Individual Savings Account and is not a product in its own right. An ISA is a ‘wrapper’ in which.

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Can an IFISA be held with more than one provider

02/08/2017

Can an IFISA be held with more than one provider

Yes, but it is more complex due to the ‘one of each type’ rule. There are three ways to open more than one.

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How do you set up an Innovative Finance ISA?

02/08/2017

How do you set up an Innovative Finance ISA?

You need to have a standard account before being able to open an Ablrate IFISA. You may set up your IFISA by registering.

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How do I make an investment in my Ablrate IFISA?

02/08/2017

How do I make an investment in my Ablrate IFISA?

Once you have successfully subscribed funds to your Ablrate IFISA, your cash will be available to lend and earn interest free of tax. When.

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Is there a limit on the amount of ISAs you can have in one year?

02/08/2017

Is there a limit on the amount of ISAs you can have in one year?

You can open and have an unlimited number of ISAs but only one of each type can hold newly subscribed money from the.

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What is an Ablrate Standard Account?

02/08/2017

What is an Ablrate Standard Account?

An Ablrate Standard Account is our general investment account. This account is always created when you sign up to Ablrate. You can deposit.

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What is my annual ISA allowance?

02/08/2017

What is my annual ISA allowance?

The annual ISA allowance may vary each tax year. The ISA allowance for 2017-18 tax year is £20,000. When you are funding your.

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What is the difference between a cash ISA, a stock and shares ISA and an Innovative Finance ISA?

02/08/2017

What is the difference between a cash ISA, a stock and shares ISA and an Innovative Finance ISA?

Interest paid on a cash ISA is tax free and is suitable for short term savings – less than 5 years and interest.

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Who can open an Ablrate IFISA?

02/08/2017

Who can open an Ablrate IFISA?

You must be 18 or over, a resident in the UK or a Crown servant (e.g. diplomatic or overseas civil service) or their.

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Tax Year Dates

02/08/2017

Tax Year Dates

The tax year runs from 6 April to 5 April. PLEASE REMEMBER, REGARDLESS OF THE TAX BENEFITS, CAPITAL IS AT RISK Whether investments.

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My AER calculated against IRR and XIRR don’t agree. Why is this?

02/08/2017

My AER calculated against IRR and XIRR don’t agree. Why is this?

Chances are that if you check our calculation against IRR or XIRR there will be a difference. Our calculation uses a full discounting.

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Why does my bid need to be fully funded?

02/08/2017

Why does my bid need to be fully funded?

We want our secondary market to be immediate, so that when someone wants to transact, they can do so quickly. We think that.

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What yield are you displaying on the secondary market?

02/08/2017

What yield are you displaying on the secondary market?

The yield that we are showing is the AER because we feel that this is the best comparison for our lenders. It provides a.

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What is a paused loan and what does it mean for me as a lender?

02/08/2017

What is a paused loan and what does it mean for me as a lender?

A loan that has been paused is one where we feel that there is a measure of uncertainty and so the existence of.

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What happens if I make a transaction error in the Secondary Market?

02/08/2017

What happens if I make a transaction error in the Secondary Market?

Transactions in the secondary market are final and cannot be reversed and you should always ensure that you check all of the details.

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What is a bid and offer price?

02/08/2017

What is a bid and offer price?

The Bid Price and the Offer Price are the prices at which people are willing to transact. The price is the percentage amount.

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Is the secondary market guaranteed to operate at all times?

02/08/2017

Is the secondary market guaranteed to operate at all times?

Whilst we will make every effort to ensure that the secondary market is up and running 24 hours a day, there may be.

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Accrued interest in the secondary market

02/08/2017

Accrued interest in the secondary market

Accrued interest is the amount of interest earning by a seller during that month. For example, lets say you own £1,000 of a.

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How do you place an offer?

02/08/2017

How do you place an offer?

On the secondary market page for each loan, you will see a “Create Offer” link. This allows you to specify how much of.

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How do you place a bid?

02/08/2017

How do you place a bid?

On the secondary market page for each loan, you will see a “Create Bid” link. This allows you to specify how much of.

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How to buy & sell loan parts

02/08/2017

How to buy & sell loan parts

Underneath the Bids and Offers there is a text box where you can enter how much you wish to buy or sell. As.

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What is the difference between an amortising loan and an interest only loan?

02/08/2017

What is the difference between an amortising loan and an interest only loan?

An amortising loan is like a traditional repayment mortgage where the borrower pays a constant amount over the life of the loan. The.

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Who is eligible to become a lending member?

02/08/2017

Who is eligible to become a lending member?

To become a Lending Member you must; (a) be an individual, LLP, limited company or public body; (b) be over 18 years old;.

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What level of returns can I expect?

02/08/2017

What level of returns can I expect?

The returns on Ablrate are set by the borrower and reviewed and approved by Ablrate, however it is you, the Lending Member, that.

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Legal Status of Loans

02/08/2017

Legal Status of Loans

When a Borrower makes a Borrowing Request, they are requesting bids from a single Lending Member or Multiple Lending Members to lend money.

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What do ‘Scheduled Borrowing Request’ and ‘Pledge’ mean?

02/08/2017

What do ‘Scheduled Borrowing Request’ and ‘Pledge’ mean?

A Scheduled Borrowing Request’ is a borrowing request that has a marketing date in the future. It is essentially a borrowing request that.

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What if I have second thoughts about being a member?

02/08/2017

What if I have second thoughts about being a member?

You may not withdraw from any bid you have made, however you can withdraw un-pledged funds at any time. You may request a.

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What would happen if Ablrate ceases business?

02/08/2017

What would happen if Ablrate ceases business?

Our regulator, the Financial Conduct Authority, require all financial institutions to have a plan for orderly wind down should a regulated business cease.

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Are there any fees?

02/08/2017

Are there any fees?

There are no fees to register on the platform or to continue to be a member of Ablrate. There is no fee associated.

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How does Ablrate prevent fraud?

02/08/2017

How does Ablrate prevent fraud?

We verify all members in the UK through our online partner ‘ID3Global’. This system checks addresses, identification and a number of other verification.

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What are the estimated default rates?

02/08/2017

What are the estimated default rates?

The estimated default rate is our estimate of the percentage of loans made on our Platform that would fail and the capital and.

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Instant Returns

02/08/2017

Instant Returns

The Instant Returns feature is unique to Ablrate and was introduced by Ablrate to solve the issue of lost returns while the loan.

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Is Ablrate regulated by the FCA?

02/08/2017

Is Ablrate regulated by the FCA?

Ablrate.com is the trading name of Aviation and Tech Capital Limited who are authorised and regulated by the Financial Conduct Authority (Firm Reference.

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Interest payment is due today, why is it not showing in my account?

02/08/2017

Interest payment is due today, why is it not showing in my account?

If a payment is not showing in your account it can be for three reasons: 1. Subject to receiving the payment from the.

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How do you protect your asset if a borrower is overseas?

02/08/2017

How do you protect your asset if a borrower is overseas?

We are very careful of the jurisdictions in which we allow transaction to be placed on the system. Property and capital equipment will.

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Is there a minimum/maximum lend?

02/08/2017

Is there a minimum/maximum lend?

The minimum loan on the platform is £1 and there is no maximum. For larger investments on the platform (over £20,000) we may.

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How long does it take to start earning interest?

02/08/2017

How long does it take to start earning interest?

As soon as the loan is drawn down by the borrower, interest begins accumulating. The Borrower has 5 days to accept a loan.

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How do you handle my funds when it is on account?

02/08/2017

How do you handle my funds when it is on account?

Your funds are held in a segregated client account the ‘Ablrate Client Account’. ‘Segregated’ means that your money does not form part of.

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How do you assess your borrowers?

02/08/2017

How do you assess your borrowers?

When assessing a Borrowers application we take into account a number of factors. These can be from information we have learned from credit.

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How do you withdraw money from an Ablrate account?

02/08/2017

How do you withdraw money from an Ablrate account?

When you log into your dashboard you will see on your dashboard page the buttons that take you to the withdrawal and deposit.

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How do I receive my interest payments?

02/08/2017

How do I receive my interest payments?

Interest is credited to your Ablrate account each month and accumulated in that account. You may use the withdrawal facility on the site.

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How can I become a lender?

02/08/2017

How can I become a lender?

As a lender you will need to register on the Platform and be verified by our system. Once verified you can deposit funds.

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How to deposit funds

02/08/2017

How to deposit funds

You can deposit funds by bank transfer or via a debit card. Debit card deposits are automatically credited to the system, a bank.

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How to close your account

02/08/2017

How to close your account

You can close your account by contacting us. You may not close your account if you have any outstanding loans as a Borrower.

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How to change your contact details

02/08/2017

How to change your contact details

You can change your contact details by contacting us. When you register and account we will verify your details, if these are to.

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How are loan rates set?

02/08/2017

How are loan rates set?

All Borrowing Requests on Ablrate, when fully filled and documents completed, become individual loans for fixed rate loans paying interest only or paying.

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Are there any automation tools available?

02/08/2017

Are there any automation tools available?

We are currently operating without automation tools on our Platform. We are working on these tools presently. These tools will allow you to.

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Ablrate Customer Relations Team

02/08/2017

Ablrate Customer Relations Team

Our offices at Badgemore Park in Henley-on-Thames, is where our dedicated Customer Services Team are based, headed up by our Customer Services Director,.

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Which currencies do you accept?

02/08/2017

Which currencies do you accept?

All loans on Ablrate UK are in UK Pound Sterling, if you send any other currency to our account it will be converted.

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Can I download my Tax Statement from my account?

02/08/2017

Can I download my Tax Statement from my account?

Yes, you can download your own data from your ‘Account Dashboard’ Please see below a step by step guide on how to download.

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Lending Options via SIPP/ISA/SASS

02/08/2017

Lending Options via SIPP/ISA/SASS

Ablrate is able able to offer SIPP accounts through Morgan Lloyd. We are one of only 9 approved peer lending platforms. Morgan Lloyd.

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How can I change my username and password?

02/08/2017

How can I change my username and password?

You can change your password by using the ‘forgot password’ link or by logging into your dashboard and selecting the ‘Change Password’ button..

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Is it possible to cancel a bid?

02/08/2017

Is it possible to cancel a bid?

No, once a bid is made it is final. We do this because it would be very hard to close a transaction if.

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Can I buy an existing loan?

02/08/2017

Can I buy an existing loan?

Yes you can. Although we use the terms ‘Buy’, ‘Sell, ‘ Bid’ and ‘Offer’ technically you will be replacing a lender with a.

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What is the Tax Position?

02/08/2017

What is the Tax Position?

The following is based on an opinion from our accountants as to the treatment of tax for certain transaction on our platform. OUR.

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Important Risk Warnings: Please Read

02/08/2017

Important Risk Warnings: Please Read

Treating customers fairly is not just a regulatory obligation, it is at the core of our philosophy and practices. Inherent in this is.

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Privacy Policy

02/08/2017

Privacy Policy

This privacy policy governs the collection, storage and use of personal information by us on our website www.ablrate.com. It provides you with details.

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Ablrate Complaints Procedure

26/07/2017

Ablrate Complaints Procedure

We realise that sometimes things go wrong and while we strive to resolve any of your issues as soon as possible, occasionally we.

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Ablrate Lender Terms

26/07/2017

Ablrate Lender Terms

Introduction Please read these terms and conditions carefully and print a copy for your records and future reference. Your use of the Ablrate.

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Ablrate Finance Glossary

26/07/2017

Ablrate Finance Glossary

We list these definitions for clarity when reading the FAQ and Terms and the capitalised words in each FAQ “FSMA” Financial Services and Markets.

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What does AER mean?

26/07/2017

What does AER mean?

The AER is the “Annual Equivalent Rate”. It allows you to compare our loans against other products, such as savings accounts, although you.

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How is interest calculated?

26/07/2017

How is interest calculated?

Loan on Ablrate are individual loans made by Lending Members to the Borrower with Ablrate acting as the Platform bringing those two together..

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What level of accuracy are you calculating to?

26/07/2017

What level of accuracy are you calculating to?

Cash Flows All calculations are performed and rounded to six decimal places and then displayed to you rounded to two decimal places. This.

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Phoenix Track Record Examples

26/07/2017

Phoenix Track Record Examples

Phoenix and its associated and predecessor companies have completed over 360 transactions in aircraft spanning a 40 year period, we have given examples.

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How to read an aircraft valuation

26/07/2017

How to read an aircraft valuation

As a background, when a lessor/lessee are looking at an aircraft and looking to strike a deal they will consult the specific valuation.

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Introduction to Aircraft Investments

26/07/2017

Introduction to Aircraft Investments

The market for commercial aircraft is driven by the underlying demand for passenger travel and cargo transport and it is seeing huge growth.

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Ablrate Secondary Market Explained

26/07/2017

Ablrate Secondary Market Explained

Below is a video that gives you an overview of the market. We are creating some new videos soon  so you might see.

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How to create your own bids and offers on the Secondary Market

26/07/2017

How to create your own bids and offers on the Secondary Market

Below is a video tutorial on how to create bids and offers. We are updating the video shortly to reflect changes on the.

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Do loans that have been offered on the secondary market still receive interest?

26/07/2017

Do loans that have been offered on the secondary market still receive interest?

Yes. You retain ownership until a trade completes and as a result you will receive scheduled interest payments until ownership transfers. When a.

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How do I accept a bid?

26/07/2017

How do I accept a bid?

All bids and offers in the Secondary Market are live trades. So if you have placed a bid for a loan a Lending.

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Can I amend a bid or an offer after I place it?

26/07/2017

Can I amend a bid or an offer after I place it?

You can make changes to bids and offers at any time. Please follow and like us:

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Do I still receive interest on loan parts that I have offered on the secondary market?

26/07/2017

Do I still receive interest on loan parts that I have offered on the secondary market?

Yes. You retain ownership until a trade completes and as a result you will receive scheduled interest payments until ownership transfers. When a.

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Becoming a Lender on Ablrate

03/07/2017

Becoming a Lender on Ablrate

Ablrate was born out of the need to have a place where we could list our asset backed transactions and bring those together.

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Can I access my money before the end of a loan term?

03/07/2017

Can I access my money before the end of a loan term?

You cannot cancel any bids or any loans you hold, however, in our Secondary Market you have the opportunity to list the loan.

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Can I be anonymous when using the site?

03/07/2017

Can I be anonymous when using the site?

To view information about loans on the platform you must register as a verified Lending Member, either a Corporate Lending Member or a.

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