Determining when to place an order
Your Automated Investing criteria will be reviewed automatically up to four times daily to determine the level of available cash in your account, overall demand on the platform, and availability of Notes matching your investment criteria. Automated Investing prioritizes placing orders for investor accounts with proportionately higher percentages of available cash. Automated Investing does NOT prioritize accounts based on overall account size or investment criteria.
Keep in mind that applying restrictive filters, such as those grades in high demand (e.g., loans with C, D, and E grades if those grades are in high demand at the time) can reduce available matching inventory and limit the ability of Automated Investing to place orders for your account.* The frequency of orders is based on the cash balance of your account, availability of loan inventory matching your investment criteria, and demand from other investors. The cash in your account may be deployed immediately or over a long period of time, and there may be weeks when many orders are placed and weeks when no orders are placed.
*This information is not intended to be investment advice. You should consult your financial advisor if you have any questions or need additional information.
Determining which orders to place
Before each order, the Automated Investing service reviews the actual, unadjusted outstanding principal balance of Notes in your account as well as your investment criteria. If your investment criteria include an allocation of certain loan grade(s), the Automated Investing service will place orders for Notes to move your account toward such allocation. The order in which Notes are placed is based on availability, so it may not match your investment allocation, but over time Automated Investing will attempt to place orders so that the aggregate holdings in your portfolio align with the allocation specified in your investment criteria. Please note that if your investment criteria include conflicting filters or an allocation for loan grades that are in high demand or have limited inventory, it may be difficult or impossible for Automated Investing to deploy the capital in your account. Learn more about conflicting filters and allocations by loan grade.
Please note that Automated Iinvesting does not sell Notes to rebalance your portfolio. It only places orders for Notes.
In the event two or more Notes meet all of your investment criteria, Automated Investing will place an order for the Note that has been on the platform for longer.
Learn more about why Automated Investing does not place orders for all matching Notes.
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