macq
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Post by macq on Oct 11, 2017 13:06:03 GMT
Loan 69 has that covered as back up plan
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Post by GSV3MIaC on Oct 11, 2017 15:18:31 GMT
That's still not such an insane bargain as development land in Isle of Wight at 20% of the VR value. I think I'd still rather have the jet, as long as I'm fairly confident that it actually exists, and isn't going to go walk-about without my knowledge.
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Post by df on Oct 11, 2017 16:15:57 GMT
I've taken a couple of bites of one of the original long-dated (2020) govt-owned aircraft, at 103p (the rest of these tranches are at 105p+). Doesn't seem like there's going to be any more of these in the pipeline, and offering a nice, and hopefully relatively safe 9.2% for the next 3 years is good enough for me. Still c.£1300 available if anyone else is interested. Sounds great, but I'm very reluctant to encourage trade at above 0.5% premium.
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sarahcount
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Post by sarahcount on Oct 25, 2017 20:59:58 GMT
All secondary market loans currently paused.
Is this a temporary IT update going on or something else more interesting?
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garfield
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Post by garfield on Oct 25, 2017 21:31:05 GMT
E-mail received earlier this evening:
As you may be aware we have had a few issues with the implementation of the Goji system interacting with our secondary market. It has created a few small errors in less than 1% of accounts. All have been identified and most have been fixed.
However, it has come to light this afternoon, that if we keep open the secondary market these errors will continue to appear if any lender (who has an unfixed issue) trades, causing Goji and our developers to chase their tails trying to fix them. The easiest and safest way for us to make sure of the integrity of the system is to pause the whole market so that data can be fixed.
We have allocated 48 hours for the task to be completed, but if we need the weekend to sort it we will keep the market paused. We will unpause the market as soon as the data fix has been applied.
I am sorry for the inconvenience but we do need to make sure that your data is correct on both ours and Goji's system and we will be working very hard to make sure this happens as quickly as possible.
In others news:
Loan #100085 - This was a record in terms of size and completion having filled to £600,000 in 34 minutes. It has highlighted some issues about time to read the documents and simple access to the loan. We are reviewing that and we hope to have a solution on the launch of the new user interface or potentially before, but thanks to all those who bid.
Loan #1000082 - We have been in discussions today and have been told we should have completion shortly. The delay has been aligning some of the documentation to allow us to be in compliance with Scottish law on aspects of security. We should, however see draw down very soon. You are accruing Instant Returns and these will be paid upon draw down.
Upcoming Loans - We have £1.5 million in the immediate pipeline and, some of you will very happy to hear, £1.2 million in a potential aircraft transaction that is being worked on presently but it is very early days.
I look forward to updating you soon and will let you know as soon as we are able to unpause the secondary market.
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treeman
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Post by treeman on Oct 26, 2017 8:26:13 GMT
I had issues with a sale that wouldn't process yesterday lunchtime - error message:
No amount could be traded. Reason: Errors: Error Code: BALANCE_NOT_AVAILABLE -> This transaction exceeds the current cash balance
Offers were showing but no dice. I released some bidding cash from other loans instead.
Reconciling this morning My Funds Currently Lent and Total Funds on Ablrate are short now by approx what would have been the proceeds of that sale.
I emailed ABL once my slice was secured, but given the email will let the fix be implemented before digging any further.
Anyone else affected?
Oh, was 100040 in my case.
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nick
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Post by nick on Oct 26, 2017 8:32:24 GMT
Can anyone summarise the nature of the errors experienced on the SM? I have never closely checked any of my SM transactions but I now intend to review these - it would be useful to know what I should be looking out for.......
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treeman
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Post by treeman on Oct 26, 2017 8:53:40 GMT
Can anyone summarise the nature of the errors experienced on the SM? I have never closely checked any of my SM transactions but I now intend to review these - it would be useful to know what I should be looking out for....... My transactions look as I expected. Nothing to find there. My spreadsheet churned out the totals values (which I believe are correct) that are currently at odds with the website displayed totals. I screenshot my SM transactions just before 'execute' for ref if needed. Maddeningly, the transactions report still doesn't reference loan numbers so it's all a lot more manual than it needs to be. Emails/site notifications do. I've never found more than the odd penny or 3 discrepancy on the account totals before - undoubtedly rounding issues which I can live with.
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Post by ablrate on Oct 26, 2017 8:58:41 GMT
Can anyone summarise the nature of the errors experienced on the SM? I have never closely checked any of my SM transactions but I now intend to review these - it would be useful to know what I should be looking out for....... It is between the IFISA system and ours.... lets say you were buying £500 on the secondary market and that was filled with 5 £100 offers... Our system batches those together and reports that trade... if any of the £100 trades fail.. for whatever reason... the whole thing is cancelled and an error produced... That cancellation was not recorded on the isa admin system so the data between the two systems would be incorrect. We spotted it quickly (we built a self reconciliation system), changed how the trades are reported (only successful trades).. and now we are correcting the data between two systems. It is not just a case of adjusting balances, for example, but inputting all trades. This affected around 16 accounts, so not a system wide problem, shutting down the SM temporarily allows us to crystallize the data while we fix it. Sorry for the inconvenience.
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pom
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Post by pom on Oct 26, 2017 12:08:29 GMT
I had issues with a sale that wouldn't process yesterday lunchtime - error message: No amount could be traded. Reason: Errors: Error Code: BALANCE_NOT_AVAILABLE -> This transaction exceeds the current cash balance
Offers were showing but no dice. I released some bidding cash from other loans instead. Reconciling this morning My Funds Currently Lent and Total Funds on Ablrate are short now by approx what would have been the proceeds of that sale. I emailed ABL once my slice was secured, but given the email will let the fix be implemented before digging any further. Anyone else affected? Oh, was 100040 in my case. I had the same thing..
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treeman
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Post by treeman on Oct 28, 2017 13:17:51 GMT
<SNIP> Reconciling this morning My Funds Currently Lent and Total Funds on Ablrate are short now by approx what would have been the proceeds of that sale. A quick look just now shows my site display totals are again matching my own spreadsheet values
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Post by dan1 on Jan 18, 2018 9:20:26 GMT
ablrate - me again ... 1000031 currently has an offer with a negative yield, a somewhat optimistic price of 109.7%.
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Post by ablrate on Jan 18, 2018 11:02:23 GMT
ablrate - me again ... 1000031 currently has an offer with a negative yield, a somewhat optimistic price of 109.7%. Sorted. Thanks
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elliotn
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Post by elliotn on Feb 20, 2018 14:34:20 GMT
Cxxfxxx consolidation loan just went through at 75%.
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SteveT
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Post by SteveT on Feb 28, 2018 10:54:02 GMT
Someone just took me up on a speculative offer to sell them a (much-cherished) loan-part at 7.5% premium, a new personal record Given that's more than 6 months' worth of interest, I hope for their sake that it doesn't repay early!
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