nush
Member of DD Central
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Post by nush on Apr 1, 2017 0:29:31 GMT
interest paid already.
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Forward
Member of DD Central
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Post by Forward on Apr 1, 2017 9:01:51 GMT
Yes interest paid promptly as usual But why on earth they can’t get the payment date correct in the online statements, in fact is been wrong each month this year 2017, last year 2016 was correct collateral March 2017 interest should be entered 31/03/2017 not 01/04/2017 |
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nush
Member of DD Central
Posts: 396
Likes: 113
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Post by nush on Apr 1, 2017 9:12:22 GMT
Yes interest paid promptly as usual But why on earth they can’t get the payment date correct in the online statements, in fact is been wrong each month this year 2017, last year 2016 was correct MoneyThing March 2017 interest should be entered 31/03/2017 not 01/04/2017 this is collateral board
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Forward
Member of DD Central
Posts: 127
Likes: 59
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Post by Forward on Apr 1, 2017 9:14:58 GMT
Yes interest paid promptly as usual But why on earth they can’t get the payment date correct in the online statements, in fact is been wrong each month this year 2017, last year 2016 was correct MoneyThing March 2017 interest should be entered 31/03/2017 not 01/04/2017 this is collateral board oops! cheers will correct 
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duck
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Post by duck on Apr 1, 2017 10:02:46 GMT
Yes interest paid promptly as usual But why on earth they can’t get the payment date correct in the online statements, in fact is been wrong each month this year 2017, last year 2016 was correct collateral March 2017 interest should be entered 31/03/2017 not 01/04/2017 I disagree. Why shouldn't interest that has been accruing up to the end of the month (midnight of 31/03 in this case) be paid on the following day? The date displayed is the date on which the payment was made to your account is the one that should be shown. The payment with SS Lendy has always been far more confusing. If you make purchases on the last day of the month and download the transactions the purchases are shown (with relevant balances). Come the following day the interest is shown as having been made the day before and if you again download your transactions the interest payments proceed the purchases which is obviously not what happened in the 'real world'. For personal customers this has little effect (6th April tax year start) but for those of us who run company accounts and whose companies use a month end for the company accounts this leads to an anomaly, do you include the interest that the statement says was paid on the last day of the month (but wasn't in reality) or do you work on the basis of what has actually been paid (and is available) at month end? IMHO the approach taken by collateral is correct since it display the date on which the funds were available to the investor.
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elliotn
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Post by elliotn on Apr 1, 2017 11:06:13 GMT
Yes interest paid promptly as usual But why on earth they can’t get the payment date correct in the online statements, in fact is been wrong each month this year 2017, last year 2016 was correct collateral March 2017 interest should be entered 31/03/2017 not 01/04/2017 Yes! Would make it easy to just use the tax statement to get your whole interest for the month including redemptions, I don't want to pull out Excel every time I want to see a simple number  .
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