c88dnf
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Post by c88dnf on Jul 20, 2015 12:10:25 GMT
I attach my quarterly spreadsheet showing loans made by Ratesetter (and, as I also have an interest in them, Zopa) for 2Q15. The period has been extended by 3 weeks to cover RS' "cash back" period. The first indications are that the offer has led to increased loan sales. Good for RS and possibly good for RS' investors in the long term, though it feels rather painful to this investor at the moment. You can put your own interpretations on the numbers, but to me the most noticeable fact is that the P2P marketplace is still growing strongly. Whether P2P is an accurate description in these days of institutional tie-ups is a moot point: perhaps "disruptive finance offerings" might be closer? I should point out that sales do not equate 1:1 to an increase in the loan book: some loans get repaid during the analysis period. However RS' policy of open data enables the amount on loan to be seen. So, over the period of this spreadsheet, the loan book has increased by about £63M which equates to 46.6% of new loans sold. That figure seems reasonably consistent over the long term. Perhaps @zopamat can provide equivalent data for Zopa? Anyway, enjoy the graphs.... RS rolling weekly lending.xls (58.5 KB)
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Post by supernumerary on Jul 20, 2015 18:38:41 GMT
I attach my quarterly spreadsheet showing loans made by Ratesetter (and, as I also have an interest in them, Zopa) for 2Q15. You have put a lot of work in there to collate the statistics. Interesting to note that the two graphs at the top of the downloaded page, New Loans: 4-week moving average 2014/15 and New Loans: 13-week moving average 2014/15, both show RateSetter above Zopa at the start of the graph (left hand side), but Zopa move above RateSetter at the end (right hand side).
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c88dnf
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Post by c88dnf on Jul 20, 2015 20:20:03 GMT
You have put a lot of work in there to collate the statistics. Interesting to note that the two graphs at the top of the downloaded page, New Loans: 4-week moving average 2014/15 and New Loans: 13-week moving average 2014/15, both show RateSetter above Zopa at the start of the graph (left hand side), but Zopa move above RateSetter at the end (right hand side). All from weekly data published by RS and Zopa, but thanks for the kind words. If you go back to 2014 and earlier, Zopa were the leading seller, not least as they had been around longer and built up a larger user base. Mid-2014 marked a noteworthy crossover point at which RS started outselling Zopa. The story since then you can see for yourself.
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jonbvn
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Post by jonbvn on Jul 21, 2015 18:17:57 GMT
What happened in week 12 that caused a such a sudden increase in Zopa loan sales, that has continued until now?
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Post by westonkevRS on Jul 21, 2015 19:58:33 GMT
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jonbvn
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Post by jonbvn on Jul 21, 2015 21:42:04 GMT
From the second article: Looks like the tap has been running for a while now Wonder if it really qualifies as P2P though?
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