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

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 has been agreed but we want to be able to see feedback from Lenders from the perspective of demand for the request and feedback on the details provided.

Only those members who have been designated to see such loans will be able to view scheduled borrowing request.

You may ‘Pledge’ to a scheduled borrowing request without funds on account. If the loan is subsequently made live for the lender community, you will need to have these funds on account to convert your pledge into a bid or your pledged will be cancelled.

You can see what you have pledged in the dashboard section ‘Active Bids, Offers and Pledges’.

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