Member Info for bigsmoke

matlot - "...as they need metro imo and not aware of any counter interest so far..." - the exclusivity period might swing more ways than a spearmint rhino customer. it might block MTRO from looking at other P2Ps during the period, but it might also mean RS can not take inbound calls from other parties.

" spearmint rhino " - what's that?
" or similar " - does the scope of that catchall include baking banana bread?

'how dare you offer me "second rate financial products" '

Why is Metro Bank eyeing RateSetter?
https://www.p2pfinancenews.co.uk/2020/06/16/why-is-metro-bank-eyeing-ratesetter/

in one, Sir matlot.

and there is the (allegedly paid for) FT article https://www.ft.com/content/0ddb5f58-7989-4ec1-b531-bd76e0a8822a

good morning, sir JImD - remember someone posting that Dan "promised" certain things? methinks the same posters sense of self-entitlement right have overloaded again; what, with demanding to know deal details before a thumbs up can be given. lol

the smell of multiple deramps in the morning.

The deal will not go ahead without the plebiscites thumbs up

“not saying nowt but i have my thoughts abooooot that YES SIRS!!!!!!”
Lol. Seems to be catching.

All ties up with being a “community bank”.
Community finance. Clear as day.

The IFISA also includes crowdfunding debentures

https://www.gov.uk/guidance/innovative-finance-isa-investments-for-isa-managers

Crowdfunding debentures
Crowdfunding debentures are provided for in the Individual Savings Account (Amendment No. 3) Regulations 2016 which extends the range of investments that can be held in an innovative finance ISA, these are:

crowdfunded debt securities issued by companies
bonds issued by registered charities
Eligible crowdfunding debentures must:

be transferable securities in accordance with section 102A(3) of FISMA 2000
create indebtedness
be facilitated by a person with Financial Conduct Authority (FCA) permissions to arrange deals in investments
be made through an electronic system operated by that person in the EEA
The ISA investor must be treated as the client of the person operating the crowdfunding platform, or a person acting on behalf of the platform. This arrangement offers the investor FCA regulatory protections and recourse to the Financial Ombudsman.

The platform (or the person acting on their behalf) must receive payments, make payments and exercise (or facilitate the exercise of) rights under or in respect of the debentures.

Qualifying debentures must be invested in within an innovative finance ISA and using cash subscriptions held by the ISA manager. They must be entered into for genuine commercial terms and not as part of a scheme or arrangement, the main or one of the main purposes of which is the avoidance of tax.

Within the meaning given in section 170 of ITA 2007, the investor must not be connected with the issuer of the debenture. The investment must not be connected to any other investment held outside the ISA wrapper. Investments made available to an investor solely by reason of their employment or position within an issuing company or charity are excluded from eligibility as a qualifying debt security.

RateSetter (and Zopa) offer IFISAs

https://www.which.co.uk/money/investing/types-of-investment/peer-to-peer-investing/innovative-finance-isas-explained-aq1tx2u2ms9j

This is clearly to expand the product and service range once again. This time IFISAs.

https://www.money.co.uk/savings-accounts/what-is-an-innovative-finance-isa.htm

“An innovative finance ISA (IFISA) lets you use your tax free ISA allowance while investing in peer to peer (P2P) lending.

Peer to Peer (P2P) lending is a form if investing where you directly lend money to borrowers and businesses through a P2P lending platform. The borrowers then pay back the borrowed amount with interest.

The interest they pay is the return you get on your investment.”

Did y’all get rooms overlooking the car park?

Is everyone missing the clear and obvious proposition?

try and relay the wisdom here. i suspect it will get ignored. and yet another lesson learned.

was gunning for 105 close? ouch!

112.85

"110 and heading north!"
- jinx