aju
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Post by aju on Jul 1, 2019 16:38:00 GMT
Mrs Aju's rolling account did a couple of 6.4% relends today might the relends in rolling be coming up as well even though they are not technically new loans. They do have different ID's though and some other oddities I detailed here. Just a thought They were rolling lends not relends as in 5Y I think!.
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coogaruk
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Post by coogaruk on Jul 1, 2019 18:37:02 GMT
Two of my >5% Rolling matches over the weekend are a bit odd. One was bizarrely due for repayment today and is currently sitting as 'matched waiting for the loan to be formed' (at 5.6%, now as a rollover) and the other has a repayment date of tomorrow, which I guess will do something similar.
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thedog
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Post by thedog on Jul 2, 2019 12:19:22 GMT
Suggests that it is also picking up the Rollovers as if they were matches!
Agreed. I saw 6.8% at 16:43, then refreshed the screen and it said 2.7% at 16:45, and then another refresh brought 6.6% at 16:47.
Still doing it this morning and since there is £1.6m sitting at 3.4% (effectively capping the market....) pretty clear these are not new matches.
On a related issue has anyone seem this sort of large item before? Seems odd to me - I'd have thought too concentrated to be lots of individuals but too small to be "real" institutional money. Wouldnt have thought they'd treat Institutional money like this either - just dumping it onto the Rolling market. Any thoughts? (Still, at least it's a good opportnity to tidy up the portfolio as I don't care about being blocked out for 2 weeks while the market chews through this lump of money....).
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sl75
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Post by sl75 on Jul 2, 2019 13:13:02 GMT
Still doing it this morning and since there is £1.6m sitting at 3.4% (effectively capping the market....) pretty clear these are not new matches.
On a related issue has anyone seem this sort of large item before? Seems odd to me - I'd have thought too concentrated to be lots of individuals ...
Very common (especially at the start of a month when there are more repayments than at other times of month) - it's lots of individuals who left the re-investment option set at "market rate"... and/or individuals who are using the "auto-invest" function.
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thedog
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Post by thedog on Jul 2, 2019 13:33:11 GMT
Ah OK. And with the "market rate" being a calculated average rather than "whatever the market clearing rate is right now" they get fixed at 3.4% at least fror today. I see, makes sense.
Thanks
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coogaruk
Hello everyone! Anyone remember me?
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Post by coogaruk on Jul 2, 2019 14:59:10 GMT
Two of my >5% Rolling matches over the weekend are a bit odd. One was bizarrely due for repayment today and is currently sitting as 'matched waiting for the loan to be formed' (at 5.6%, now as a rollover) and the other has a repayment date of tomorrow, which I guess will do something similar. The second one was 'reinvested' today, at 5.9% - To be clear, these were both new orders that matched during the weekend, not rollovers (until yesterday and today that is).
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