jjc
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Post by jjc on Apr 11, 2015 9:36:46 GMT
In case of interest to other lenders (who may like me rely on the above number being correct for their P2P portfolio management/decisions): I’ve been buying up loan 160 & have found that my YAI % (which I think should be at about 11% ie significantly lower than the loan’s current 13% rate) is actually dropping on these purchases. ISTM the YAI is calculating this loan on its 10% fallback rate. I’ve to date relied on the YAI being correct (without ever checking it). If anyone is aware of there being problems with it (now or in the past) would be useful to know. There are a number of loans with rate changes as they veer in & out of default/late repayments, YAI % should be picking these up dynamically in real time. Hope it’s a problem confined to loan 160, chris? |
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bg
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Post by bg on Apr 11, 2015 10:10:46 GMT
I noticed the same thing on loan #160. My average rate was around 11.4% but it goes down when I buy it. Almost certainly it is considering the loan to be paying 10%. Surely an easy fix.
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sqh
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Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
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Post by sqh on Apr 11, 2015 10:15:46 GMT
In case of interest to other lenders (who may like me rely on the above number being correct for their P2P portfolio management/decisions): I’ve been buying up loan 160 & have found that my YAI % (which I think should be at about 11% ie significantly lower than the loan’s current 13% rate) is actually dropping on these purchases. ISTM the YAI is calculating this loan on its 10% fallback rate. I’ve to date relied on the YAI being correct (without ever checking it). If anyone is aware of there being problems with it (now or in the past) would be useful to know. There are a number of loans with rate changes as they veer in & out of default/late repayments, YAI % should be picking these up dynamically in real time. Hope it’s a problem confined to loan 160, chris? I also noticed the YAI% is calculating loan#160 at 10%. The transaction log also lists it at 10%. However, I calculated it to be accruing interest at 13%. Seems that AC have multiple abacuses or should that be abaci..
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jjc
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Post by jjc on May 7, 2016 13:31:51 GMT
Hi, does anyone know if the YAI % on AC's dashboard includes ALL your funds placed on the platform (so is your average rate for all MLIA/GBBA/GEIA/30D & QAA whether swept or direct, & cash whether swept or not), or excludes some of these? chris you presumably the best informed. (Thanks for quick replies the other day btw, things clearer now, but may come back to you in due course, thks anyhow for time being) |
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Post by brianac on May 7, 2016 13:50:21 GMT
Hi, does anyone know if the YAI % on AC's dashboard includes ALL your funds placed on the platform (so is your average rate for all MLIA/GBBA/GEIA/30D & QAA whether swept or direct, & cash whether swept or not), or excludes some of these? chris you presumably the best informed. (Thanks for quick replies the other day btw, things clearer now, but may come back to you in due course, thks anyhow for time being) I stand to be corrected, but from previous conversations on here I beleive it doesn't include "swept" funds in the QAA, (but I <think> it does include directly invested in QAA?) Brian
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jjc
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Post by jjc on May 7, 2016 16:39:41 GMT
For my own needs chris making the MLIA "Current Rate" on the dashboard visible to 2 decimal points would be enough. The % on the various investment accounts is clear. Would make sense (imo) if the YAI % was a live figure for all funds on the platform, including any unswept cash, ie the rate you're actually getting on your AC funds based on how they're invested (or not). |
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Post by chielamangus on May 7, 2016 16:43:32 GMT
in the old days, it used to be just the weighted nominal rate of your portfolio. Since it did not take account of funds in the cash account, or actual repayment dates, or whether the full amount was actually paid, it was actually not very useful. I doubt that its usefulness has increased with all the new accounts.
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trouble
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Post by trouble on May 7, 2016 20:08:39 GMT
Why is this of any importance at all?
I invest across 10 different banks and 8 different P2P Platforms.
I amalgamate my returns across individual investments in my own spreadsheet rather than at platform level investments.
If this is a gripe then i'd recommend AC pull that figure
I do get pee'd off with all the demands made of AC (and personal demands made of Chris et al like he's a personal servant) when all i want is a good and safe return, all the bells and whistles demands just wind me up. Let them get on with the key things.
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skippyonspeed
Some people think I'm a little bit crazy, but I know my mind's not hazy
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Post by skippyonspeed on May 8, 2016 7:57:52 GMT
Why is this of any importance at all? It isn't as far as I am concerned. It's just an average of all the nominal interest rates and does not take into account compounded interest.
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on May 8, 2016 9:45:41 GMT
Why is this of any importance at all? It isn't as far as I am concerned. It's just an average of all the nominal interest rates and does not take into account compounded interest. Compounded interest? I might be wrong but I dont think there is any compounding of interest occuring. The most useful function of the average interest display is it shows you when a loan has reached term as the figure drops suddenly when a rate goes to zero so you can poke AC (if necessary) to add an extra phase  Edit jjc bg sqh Im afraid in the case of #160 the 10% rate is the correct one. The 13% rate was only until the second charge security was perfected, that happened 30/9/15 (see update ftom that date), loan suspended & targets disabled, loan with revised rate became tradeable again on 5/10. Mine certainly accruing at 10%. 
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skippyonspeed
Some people think I'm a little bit crazy, but I know my mind's not hazy
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Post by skippyonspeed on May 8, 2016 12:23:12 GMT
It isn't as far as I am concerned. It's just an average of all the nominal interest rates and does not take into account compounded interest. Compounded interest? I might be wrong but I dont think there is any compounding of interest occuring. Apologies I should have said assuming monthly interest payments are re-invested rather than withdrawn
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