Even More Control

Published on Apr 05, 2017

So far BeePlus has been trying to protect investors from themselves by having different "protections" in effect while placing bids on the primary market and/or buying loans from the secondary market. One of these functionalities has been a limitation to invest into same loan more than once. This means that there was no way to invest into same loan and/or borrower even if you wanted to do it. One of the reasons you might want to do it is diversification - invest into same loan with smaller bid sizes to make it possible to sell smaller slices separately on the secondary market in the future.

If you are interested in investing into same loan/borrower, then you need to create more than one rule, which would match the same loan. Easiest way to do it is just to clone some existing rule by using "clone" button at the rule details you want to clone. Cloning is necessary since BeePlus still prevents investing into same loan/borrower by the same rule.

This change will be in effect starting from Thu, 13 Apr 2017 00:00:00 UTC +00:00 . This grace-period is needed so that everyone can double-check their rules to fix possible "conflicting" rules when there is no desire to invest into same loans/borrowers. If you're interested in enabling this functionality sooner, then let me know.