Secondary Market Issues
The new secondary market for Notes feels like a big step backwards from what we had before for Claims.
Some feedback:
1. The 'Invest in All' button went missing. Please bring it back.
2. The 'Apply Discount/Premium to All' button went missing. Please bring it back.
3. The minimum tradable amount was changed from 0.01€ to 1.00€. The former amount made sense with minuscule claim parts below 0.01€ being removed from display (but still being tracked in the background as 'small loan parts'). But now our Notes portfolio will start to get cluttered with parts between 0.01€ and 1.00€ which we can neither sell nor remove from display. Please change minimum tradable amount back to 0.01€.
4. The "Minimum Amount for Investment" filter went missing. Bigger investors might not be interested in Note parts in the 1€ range, but are no longer able to filter them out. Please bring it back and add it also as a Portfolio filter as "Minimum Outstanding Principal".
5. To add insult to injury of points 3 and 4, there are anyway somehow Notes below 1.00€ listed on the secondary market one cannot buy or filter out. See points 3 and 4 to fix.
6. There is no YTM value for some offers, messing up display. Please fix.
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More bugs:
7. The "Remove All from Sale" button in the Portfolio went missing. Please bring it back.
8. The "Sell All" button in the Portfolio is present but not working. When I click on it nothing happens. Please fix.
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9. In Portfolio it is no longer possible to see from hovering at which Discount/Premium a Note is offered for sale. Please bring it back.
10. The Account Statement is flooded with transactions for individual loans. Selling a single Note with a Discount creates at least 30 entries: " Investment share buyer pays to a seller", " Secondary market fee" and "Discount/premium for secondary market transaction" for each of the at least 10 individual loans. What a mess. These transactions should be documented at the Note level.
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11. I couldn't confirm it yet with my own portfolio, but there is a report from another user that investing in a Note with a custom automated strategy now blocks you from buying more of the same Note manually (see screenshot). This looks to me like another arbitrary and unannounced restriction to the detriment of investors. This is on top that the other way around custom automated strategies do not invest either in any loan you already hold a part of (be it from automated or manual investment) for months now, which is also a highly questionable restriction.
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quick solution: stop bothering with mintos
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Dear Robert,
thank you very much for reporting these issues!
We are already working on fixing some of them!
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