Post by robski on Dec 20, 2018 12:52:17 GMT
Dec 17, 2018 22:30:48 GMT gg said:
Dec 15, 2018 23:50:29 GMT aju said:
Do you mean 300k cumulative or 300k on offer? Which queue, i asked about the 5y originally?.
HTH
gg
I think they run the repayments as batches. They often come through in splurges. I would do this if it was me. Probably parallel processing, and also should it go wrong and stop then some should still be processing.
Big repayments days (badly timed start of the month in particular) its been known for the repayment run to late into the evening.
Now why is this important? I believe due to watching) that after the repayment runs they then do the placing of reinvestments.
So if the repayment runs have taken a long time, potentially lots of reinvestment cash is waiting to be placed on the market. Once it hits it will be in a massive block, that can often take days to clear
As far as setting borrowers up, they seem to trickle through. Again salt time, but my suspicion is both in batches, but also instantly. I think if someone wants the money right now it goes straight through, assuming great credit score.
The rest I believe are probably open to some manual intervention and as such are waves. With some sort of auto process happening for the big payment runs at times of the day.
When matching amounts I dont think either the borrower or lender columns update until its "written" so it can be a little misleading.
Personally I find good rates may happen, Sundays and when the repayment run is delayed. The rates often spike before the big wadge of repayment is put back by reinvestment. At that point its people manually reinvesting or adding new cash.
Its a time to watch with no guarantee of good rates, but the potential for good rates.
Sundays I have seen as many with poor rates as good ones. I think its the one time when literally its just demand vs supply happening. It tends to be more sensitive if the previous weeks repayments have been used up. There is often quite limited cash added to the platfrom it would seem at this time, so if demand is high rates will follow as they use up the cash available. If the reinvestments from the weekdays left loads available them