amphoria
Member of DD Central
Posts: 156
Likes: 124
|
Post by amphoria on Aug 13, 2018 16:49:27 GMT
My repayment on 10th was re-lent on 12th so it looks like it's more like 2 days at present.
|
|
iren
Member of DD Central
Posts: 302
Likes: 300
|
Post by iren on Aug 15, 2018 21:00:09 GMT
|
|
|
Post by df on Aug 15, 2018 21:22:11 GMT
It's a shame. Demand/supply balance was well balanced for a long time. I hope it will get back to normal soon.
|
|
jsmill
Member of DD Central
Posts: 100
Likes: 114
|
Post by jsmill on Aug 16, 2018 9:02:59 GMT
Not sure if anybody in here has been keeping an eye on the average utilisation stats (currently 67.2%)? I believe it has historically been above this but dont have the exact figures. The number of live borrowers has crept up from 134-136 since June but shouldnt have made much of a difference. Trying to look at whether this is an increase in available investor capital/ decreased utilisation or a combination of the two.
|
|
ceejay
Posts: 971
Likes: 1,149
|
Post by ceejay on Aug 16, 2018 9:32:30 GMT
It's a shame. Demand/supply balance was well balanced for a long time. I hope it will get back to normal soon. I have to say that it isn't clear to me how balancing will occur in this platform - it all seems rather fragile, with no mechanism to encourage borrowers when there is an excess of supply. I guess all we have in this scenario is the threat of increased cash drag to put off new investors, but that isn't very helpful if you are aiming to reinvest for the time being.
And when it goes the other way, with a shortage of supply? Cash drag drops to zero and then what?
|
|
|
Post by df on Aug 16, 2018 9:57:06 GMT
Not sure if anybody in here has been keeping an eye on the average utilisation stats (currently 67.2%)? I believe it has historically been above this but dont have the exact figures. The number of live borrowers has crept up from 134-136 since June but shouldnt have made much of a difference. Trying to look at whether this is an increase in available investor capital/ decreased utilisation or a combination of the two. I didn't keep any record of it, but just from the memory it has been above 90% since GS introduced a single rate. I don't know what caused the current queue, but as from today I'm withdrawing my returns until the situation improves.
|
|
|
Post by df on Aug 16, 2018 10:26:01 GMT
It's a shame. Demand/supply balance was well balanced for a long time. I hope it will get back to normal soon. I have to say that it isn't clear to me how balancing will occur in this platform - it all seems rather fragile, with no mechanism to encourage borrowers when there is an excess of supply. I guess all we have in this scenario is the threat of increased cash drag to put off new investors, but that isn't very helpful if you are aiming to reinvest for the time being.
And when it goes the other way, with a shortage of supply? Cash drag drops to zero and then what?
About 18 months ago Zopa stopped accepting new money from investors until supply/demand was balanced. I think that was a good move. It is difficult to predict what will happen, but in the meantime the solution for investors could be: withdraw your idle money, invest it in QAA (for example) and reinvest back into GS when cash drag drops.
|
|
|
Post by Ace on Aug 16, 2018 13:15:23 GMT
Not sure if anybody in here has been keeping an eye on the average utilisation stats (currently 67.2%)? I believe it has historically been above this but dont have the exact figures. The number of live borrowers has crept up from 134-136 since June but shouldnt have made much of a difference. Trying to look at whether this is an increase in available investor capital/ decreased utilisation or a combination of the two. I don't think the "average utilisation" stat really matters that much, as I believe this includes non-standard investors funds (such as those provided by the platform founders). Standard investors funds are prioritized ahead of these non-standard investors. The "deployment rate" stat is the important comparable stat, as this relates to standard investor funds only. This stat is currently at 91.9%, which is toward the lower end of range that I've noticed recently, but not particularly unusual. The estimated time to match is currently 5 days, giving a current effective return of 4.9%, significantly better than the 4.1% available on AC's QAA (4.6% if you qualify for the summer bonus).
|
|
ceejay
Posts: 971
Likes: 1,149
|
Post by ceejay on Aug 16, 2018 13:16:38 GMT
... It is difficult to predict what will happen, but in the meantime the solution for investors could be: withdraw your idle money, invest it in QAA (for example) and reinvest back into GS when cash drag drops. That would be a fine strategy, were it not for the fact that the only reason I have money in GS in the first place is that I have more than I am comfortable with in AC and I'm trying to find other homes! (I am also using RS in a very limited way but its not easy to get good rates there when you want/need them).
|
|
|
Post by df on Aug 16, 2018 14:05:45 GMT
... It is difficult to predict what will happen, but in the meantime the solution for investors could be: withdraw your idle money, invest it in QAA (for example) and reinvest back into GS when cash drag drops. That would be a fine strategy, were it not for the fact that the only reason I have money in GS in the first place is that I have more than I am comfortable with in AC and I'm trying to find other homes! (I am also using RS in a very limited way but its not easy to get good rates there when you want/need them). I'm on similar page - happy with AC staying as my largest p2p exposure, but don't want to increase my holding much further. RS Rolling is a good option, rates are currently low (around 3.2%), but it's better than nothing and withdrawals are reasonably quick. I tend to change my waiting/storage money locations, but at the moment it is Tesco 1.34% easy access - ridiculously low interest, but distributing funds to wherever I need them to be in instant.
|
|
jsmill
Member of DD Central
Posts: 100
Likes: 114
|
Post by jsmill on Aug 16, 2018 15:18:52 GMT
Not sure if anybody in here has been keeping an eye on the average utilisation stats (currently 67.2%)? I believe it has historically been above this but dont have the exact figures. The number of live borrowers has crept up from 134-136 since June but shouldnt have made much of a difference. Trying to look at whether this is an increase in available investor capital/ decreased utilisation or a combination of the two. I don't think the "average utilisation" stat really matters that much, as I believe this includes non-standard investors funds (such as those provided by the platform founders). Standard investors funds are prioritized ahead of these non-standard investors. The "deployment rate" stat is the important comparable stat, as this relates to standard investor funds only. This stat is currently at 91.9%, which is toward the lower end of range that I've noticed recently, but not particularly unusual. The estimated time to match is currently 5 days, giving a current effective return of 4.9%, significantly better than the 4.1% available on AC's QAA (4.6% if you qualify for the summer bonus). I believe the "average utilisation" stat is referring to the extent to which borrowers are using the committed funds available to them. What I was trying to get at was whether for whatever reason the clients signed up to GS are not utilising the credit line as frequently or to the same extent as they have been in recent months. i.e. whether this is a demand rather than a supply issue.
|
|
|
Post by Ace on Aug 16, 2018 16:00:53 GMT
I don't think the "average utilisation" stat really matters that much, as I believe this includes non-standard investors funds (such as those provided by the platform founders). Standard investors funds are prioritized ahead of these non-standard investors. The "deployment rate" stat is the important comparable stat, as this relates to standard investor funds only. This stat is currently at 91.9%, which is toward the lower end of range that I've noticed recently, but not particularly unusual. The estimated time to match is currently 5 days, giving a current effective return of 4.9%, significantly better than the 4.1% available on AC's QAA (4.6% if you qualify for the summer bonus). I believe the "average utilisation" stat is referring to the extent to which borrowers are using the committed funds available to them. What I was trying to get at was whether for whatever reason the clients signed up to GS are not utilising the credit line as frequently or to the same extent as they have been in recent months. i.e. whether this is a demand rather than a supply issue. Yes, I'm not disagreeing with what you said. I don't think it is possible to tell whether the fall in the average utilisation figure is due to less money being borrowed or more investor funds being made available. The reason for my post was that I thought you might be somewhat mistaken in bothering with the "average utilisation" figure. I believe that the "deployment rate" figure is effectively the same statistic, but ignores the buffer of funds that have been provided by the founders (and other non-standard investors) which won't be lent out unless all standard investor's funds are already on loan. To illustrate: if the founders were to add one million pounds to the buffer; the "average utilisation" would substantially fall, but the "deployment rate" (and your place in the lending queue, whether you lent before or after the injection of founders funds) would not. So, it is the "deployment rate" statistic that is more relevant to you, assuming that you are a standard investor.
|
|
benaj
Member of DD Central
Posts: 4,882
Likes: 1,602
|
Post by benaj on Aug 17, 2018 8:16:41 GMT
I've just checked my GS account, looked at the transaction history and active loans. I haven't experienced any huge delay for reinvestment.
I have 3 loans repaid on the 14th Aug and The 3 loans went active on the 16th Aug.
It seems the matching statistics are related to the new money. I really hope this matching speed will go back to normal for new money.
|
|
|
Post by df on Aug 17, 2018 11:26:27 GMT
I've just checked my GS account, looked at the transaction history and active loans. I haven't experienced any huge delay for reinvestment.
I have 3 loans repaid on the 14th Aug and The 3 loans went active on the 16th Aug. It seems the matching statistics are related to the new money. I really hope this matching speed will go back to normal for new money. Similarly, I had 2 loans repaid on 14th and both went active this morning. So it's not that bad.
|
|
ceejay
Posts: 971
Likes: 1,149
|
Post by ceejay on Aug 18, 2018 9:31:54 GMT
I've just checked my GS account, looked at the transaction history and active loans. I haven't experienced any huge delay for reinvestment.
I have 3 loans repaid on the 14th Aug and The 3 loans went active on the 16th Aug. It seems the matching statistics are related to the new money. I really hope this matching speed will go back to normal for new money. Interesting. It appears that my recent reinvestments have also been either 1 or 2 days.
However, I was under the impression that there was only one queue, for both new money and reinvestments - is that not right?
Alternatively, are the figures given on the "matching" page unduly pessimistic?
|
|