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Post by nickthefool on Jul 28, 2015 15:09:33 GMT
It did. With YR you got YR or MR whichever was higher. The wording on the website suggests that if it matched you with MR (because it was higher) then it "turned off" your YR and kept on giving you MR henceforward, which is a poor system. They should have just fixed that, IMO. From comments on this forum I gather that the problem with the old system was that if you had YR set lower than MR, then if your money didn't get matched, it would remain at MR in perpetuity. For example, if you had 6.5% set as YR, but one day MR was 7.0%, your money goes in at 7.0%. If this doesn't match, it stays on the market at 7.0%, even if MR goes down (whereas if you had just set MR, unmatched money would be adjusted when MR was adjusted). I agree, they should have just fixed this bug (which presumably didn't affect a lot of people, since MR money usually got matched, I believe) and it seems more like an excuse to change the calculation method rather than an attempt to solve the problem.
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wapping35
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Post by wapping35 on Jul 28, 2015 16:31:48 GMT
I guess it makes perfect sense given how the MR is set, for borrowers to set a borrower rate .1 to.2% below the prevailing MR.
That way some eager lenders will take the lower rate 6am to 10pm that day. That makes the MR average fall .1-.2% and then all the MR un-lent money falls the 0.1-0.2% at 3am the following day and they get matched at 0.1-0.2% below the MR. (and those 10pm to 6am matches don't even count for the MR setting).
That kind of explains why I am seeing so many borrowers holding out at 0.1-0.2% during the day and then they suddenly disappear the next morning.
And indeed it also explains why when I have used the new MR setting that I am often seeing matches during the wee hours.
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Post by supernumerary on Jul 28, 2015 17:36:19 GMT
The combined approved live borrower demand for the 4 year (£397.7K) and the five year (£2,068K) currently equals £2,465.7K. How much of this £2,465.7K will be matched before the end of the month? We shall see.Below, are the snapshots taken this evening, Tuesday, 28th July 2015, detailing, [1] the 3, 4 & 5 year demand, [2] 5 year supply, [3] 3, 4 & 5 year contracts completed. Attachments:
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star dust
Member of DD Central
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Post by star dust on Jul 28, 2015 20:31:03 GMT
Perhaps these posts could be in their own thread ("market screenshots"). Although I'm sure some people see them as useful, personality I see no value and they get in the way of informed discussion. It almost seems obsessive to be posting screenshots of the markets every day. @ westonkevRSAt least they seem to be getting a bit downsized. Perhaps they don't know how to create a thread, maybe a mod could lend a helping hand? .....The other option is to perhaps start a new thread and leave this thread for those users who like to see the screen shots now they have been posted for some time. That occurred to me a while ago, but I thought it might attract a following .
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pikestaff
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Post by pikestaff on Jul 29, 2015 6:35:42 GMT
supernumerary: for the sake of other forum members eyesight, and not unnecessarily constraining the number of posts visbile on a page, would you please give some thought to turning down the volume knob on font size, colour etc. on your posts. Words are words, they are not generally made more informative by virtue of their presentation characteristics, esp. when any potential value of such is lost through the exception becoming the norm Perhaps these posts could be in their own thread ("market screenshots"). Although I'm sure some people see them as useful, personality I see no value and they get in the way of informed discussion. It almost seems obsessive to be posting screenshots of the markets every day. @ westonkevRSI agree. They are pointless and infuriating. In case anyone does see value in them, please can they be moved to another thread.
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Post by supernumerary on Jul 29, 2015 7:13:24 GMT
KEEP WATCHING THE VOLUME. The matched volume is now at £531K for the last 24 hours. This is a substantial increase, BUT how much of the approved live borrower demand £303.5K (4 Year) and £1,673K (5 Year), will be matched BEFORE the end of the month? We shall see.Below, are the snapshots taken this morning, Wednesday, 29th July 2015, detailing, [1] the 3, 4 & 5 year demand, [2] 5 year supply, [3] 3, 4 & 5 year contracts completed. Attachments:
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gnasher
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Post by gnasher on Jul 29, 2015 8:06:14 GMT
Aaaaaarrrrrrrrrrrrrrrrrrrrrr rrrrrrrrrrr rrrrrrrr
..... please please please stop!
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Post by closetotheedge on Jul 29, 2015 9:09:21 GMT
Just putting my head on the block I am sure but I actually quite like them.
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Post by contangoandcash on Jul 29, 2015 10:55:23 GMT
I quite like these updates, but they do need their own thread. My opinion is the more folks look closely at the numbers the better, keeps things in check, inefficiencies in various platform models slowly demist for more users and we can all make better decisions over time.. Sure, this is stuff you can find yourself, but the more 'collective' eyeballs it, the more discussion and better interpretation... there will be nuances here that the platforms aren't keen on being seen, alongside those which they are, and it keeps them transparent.
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spiral
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Post by spiral on Jul 29, 2015 11:50:38 GMT
Sure, this is stuff you can find yourself, but the more 'collective' eyeballs it, the more discussion and better interpretation... But it needs to be in a format that you can interpret easily like this for example. This graph shows you more in 10 seconds than the screenshots tell you in 10 hours.
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Post by contangoandcash on Jul 29, 2015 12:04:35 GMT
Sure, this is stuff you can find yourself, but the more 'collective' eyeballs it, the more discussion and better interpretation... But it needs to be in a format that you can interpret easily like this for example. This graph shows you more in 10 seconds than the screenshots tell you in 10 hours. Agreed, file under better interpretation / translation... thanks for doing that. This is exactly the sort of thing I was thinking about..
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Post by Deleted on Jul 29, 2015 12:20:10 GMT
Need information not data, I collect my own data and convert it into information. Humans no good at managing data, well proven, must have information. Separate thread please, not worth reading Forum on RS for all these pictures of stuff. Will no longer spend time on RS chaps.
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pip
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Post by pip on Jul 29, 2015 19:15:06 GMT
I have no idea what the screen shots are for and have asked previously and had no response. If they are to track rates this info is on the site. If they are to track volume, this is on the site. I just don't get it, but hey ho I have asked before and got no response and westonkev asks and no response either, but still the posts come. They are annoying but just trying to move on with my life
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Post by supernumerary on Jul 29, 2015 19:17:41 GMT
Keep watching, let us see what happens next.Below is a snapshot taken at 2:46pm this afternoon of the 'Last Matched Rates'... Below, are the snapshots taken this evening, Wednesday, 29th July 2015, detailing, [1] the 3, 4 & 5 year demand, [2] 5 year supply, [3] 3, 4 & 5 year contracts completed.
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pip
Posts: 542
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Post by pip on Jul 29, 2015 19:17:46 GMT
Sure, this is stuff you can find yourself, but the more 'collective' eyeballs it, the more discussion and better interpretation... But it needs to be in a format that you can interpret easily like this for example. View AttachmentThis graph shows you more in 10 seconds than the screenshots tell you in 10 hours. Yes ok it's a graph but why do you care so much? You are not investing in ratesetter, surely volume growth would be of most interest to them? Are you trying to predict future rate movements, if so why?
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