savernake
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Post by savernake on Aug 7, 2017 10:25:58 GMT
How do you know when RS are doing a run? I always assumed matching took place throughout the day.
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robski
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Post by robski on Aug 7, 2017 10:26:42 GMT
Agree, wonder if its a new plan as their system can get quite bogged down on big rollover days.
The £4.5M has to go somewhere though, unless they know they have £3-4M or so coming in they will need to match another few £M minimum or they will only end up doing it later
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robski
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Post by robski on Aug 7, 2017 10:27:52 GMT
How do you know when RS are doing a run? I always assumed matching took place throughout the day. Only via watching the market Typically they do a matching run early afternoon, and somewhere late evening The earlier one is the rollover matching from what we can tell (ie the rolling loans that need renewing)
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Post by fiatlender on Aug 7, 2017 10:43:06 GMT
Agree, wonder if its a new plan as their system can get quite bogged down on big rollover days. The £4.5M has to go somewhere though, unless they know they have £3-4M or so coming in they will need to match another few £M minimum or they will only end up doing it later Like you say, the system can get quite bogged down on a Monday. I think the early timing of todays run is related to the size of the borrower orders that need to be matched and the relative lack of lender offers. By doing the run early, RS can sit the bulk of borrower offers at 3.5% most of the day to be picked at, then if not filled, will do a run later this evening at a higher rate to clear it.
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ashtondav
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Post by ashtondav on Aug 7, 2017 12:59:28 GMT
In simple terms can anyone explain why 5year rates are 4.6% and rolling rates are nearly 4%? I don't understand.
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oldgrumpy
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Post by oldgrumpy on Aug 7, 2017 13:12:48 GMT
Agree, wonder if its a new plan as their system can get quite bogged down on big rollover days. The £4.5M has to go somewhere though, unless they know they have £3-4M or so coming in they will need to match another few £M minimum or they will only end up doing it later Like you say, the system can get quite bogged down on a Monday. I think the early timing of todays run is related to the size of the borrower orders that need to be matched and the relative lack of lender offers. By doing the run early, RS can sit the bulk of borrower offers at 3.5% most of the day to be picked at, then if not filled, will do a run later this evening at a higher rate to clear it. Yep. I'll stick with my 4.6% offer for a while , and may react later if a sudden large lender offer "appears" nearer 4% after 3pm - which it might.
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robski
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Post by robski on Aug 7, 2017 13:34:27 GMT
In simple terms can anyone explain why 5year rates are 4.6% and rolling rates are nearly 4%? I don't understand. Supply and demand
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Stonk
Stonking
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Post by Stonk on Aug 7, 2017 14:39:00 GMT
Ooh, the afternoon tap has been opened ...
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Stonk
Stonking
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Post by Stonk on Aug 7, 2017 14:40:37 GMT
Ooh, the afternoon tap has been opened ... Woah - I got matched all the way up to 4.9% in a flash. I wish I had left some higher orders in - how high did it go?
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robski
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Post by robski on Aug 7, 2017 14:43:48 GMT
Dang, makes my 4% look pitiful
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Post by fiatlender on Aug 7, 2017 15:01:42 GMT
Ooh, the afternoon tap has been opened ... Woah - I got matched all the way up to 4.9% in a flash. I wish I had left some higher orders in - how high did it go? Judging by the bulk of money still at 5.0%, I would guess 4.9% was the max. Attachments:
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Post by diversifier on Aug 7, 2017 15:04:53 GMT
Are RS playing with fire here.... Filling up to 4.9%, and never noting that in "Last Matched Rates" (I refreshed the screen every few seconds while they were doing it). And then stopping to let automatches slowly re-fill down to the claimed Last Match rate of 4.1%. That seems fairly naughty to me. Especially when there is a loan queue of 800k, and a investor queue (even up to 10%) of only 500k, at 4pm
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robski
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Post by robski on Aug 7, 2017 15:11:24 GMT
Are RS playing with fire here.... Filling up to 4.9%, and never noting that in "Last Matched Rates" (I refreshed the screen every few seconds while they were doing it). And then stopping to let automatches slowly re-fill down to the claimed Last Match rate of 4.1%. That seems fairly naughty to me. Especially when there is a loan queue of 800k, and a investor queue (even up to 10%) of only 500k, at 4pm Note quite true, they did have a few £ and matches above this but they cleared really quickly I saw Market at 4.4% and 4.2% Suspect they will find enough to match all today, but tomorrow could be interesting
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Stonk
Stonking
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Post by Stonk on Aug 7, 2017 15:32:32 GMT
Are RS playing with fire here.... Filling up to 4.9%, and never noting that in "Last Matched Rates" (I refreshed the screen every few seconds while they were doing it). And then stopping to let automatches slowly re-fill down to the claimed Last Match rate of 4.1%. That seems fairly naughty to me. Especially when there is a loan queue of 800k, and a investor queue (even up to 10%) of only 500k, at 4pm I can confirm they definitely did display a Last Matched Rate at both 4.8% and 4.9%. It was only for a small handful of seconds, and then it was back down at 4.1%.
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morris
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Post by morris on Aug 7, 2017 17:22:26 GMT
At the moment we have borrower offers up to 4.8%, and a lender dumps £71k in at 3.4%.
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