chris1200
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Post by chris1200 on Sept 7, 2020 12:08:10 GMT
Yeah, it was a single RYI for 10k, I'd received about 2k back up until last week, then I got all but £20 back last Thursday, and the final £20 just a few minutes ago. I was in position 38 when it went into processing, so that may have been unusual and explain why it took so long, maybe it wasn't supposed to be in processing until a lot later. That explains the confusion then, thx. The queue seem to be somewhat of a mystery it seems. Did you have a wide span of rates where the high/low ones were processed quicker perhaps although to be fair if it goes it goes usually. I know our 5Y loans went very quickly a few weeks back when I blinked and missed it - well a couple of hours between the queue showing 30 or so then it went to completed after an hour or so. I realise the 5 year is very different to the APM markets though. I asked abrown this previously, and the response (and subsequent conjecture by myself) is here. (Edit: Actually, it seems you probably saw this already as you quote-replied to my post ) I wouldn't be surprised if having loans with lower rates than the standard going rate might slow things down; although I'm not sure if that explains everything here.
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chris1200
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Post by chris1200 on Sept 4, 2020 14:33:09 GMT
(Just on my crusade for clarity, especially for new forum users) - it's new lending rather than new investment. Most of this investment money won't be new at all, it'll be re-investments from repayments. Actually I think they called it new loans, it could actually be new lending, I have lent new money myself - not much mind - since the shutoff of new investors. New loans = new lending
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chris1200
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Post by chris1200 on Sept 4, 2020 14:22:01 GMT
Difficult to tell but since RS in the last 3 hours or so chucked over 3m (7.17M so far - since Sunday) into lending Volume I suspect not. Who knows as LV is new investment according to RS but I guess you will know soon.... (Just on my crusade for clarity, especially for new forum users) - it's new lending rather than new investment. Most of this investment money won't be new at all, it'll be re-investments from repayments.
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chris1200
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Post by chris1200 on Sept 4, 2020 14:19:55 GMT
Update. I had 75% of my funds released yesterday and this morning my queue number went down from 17 to "1" but my remaining funds have not be released yet. Does this indicate no releases in A/P/M today ? Appreciate you updating us! Re your question - there's been a bit of a theory on here (which you might've seen) that there's something of a 'pool' going on once RYI'ers get to below about #50 in the queue. At this point, the particular interest rate on your loans etc. might come into play when 'matching' you with an investor, or perhaps some other things we're not privy to in this process. But it certainly seems that RYI'ers within this 'pool' are processing more-or-less concurrently, which means it might well be that others have received some processing even if you haven't at #1. Edit: It's also worth noting that you only went down by 16 positions; I went down by 27. It's highly unlikely there were 11 cancellations between us, so likely (up to) 11 people behind you in the queue (but within the 'pool') were fully processed, while you haven't quite been yet.
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chris1200
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Post by chris1200 on Sept 4, 2020 14:07:46 GMT
Almost all of it already gone or accounted for... That was quick. Will have to hope that at least some was RYIs...! I don't think so since this mornings Lend Volume (LV 4,093,083) it has now gone up to 7,171,451. That's a rather large jump in 3 hours or so.(3.08m) That's probably not great news! Time will tell of course. Damnit!
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chris1200
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Post by chris1200 on Sept 4, 2020 12:59:23 GMT
Hi everyone Lots of access queue movement! Update for ID 374737 as of today: QIF is 22 Hi p2pbbb - as you were kind enough to let us know your quite high £amount in the queue, would you also be able to keep us updated on your processing? Have they started yours yet? Thanking you kindly in advance!
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chris1200
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Post by chris1200 on Sept 4, 2020 12:20:04 GMT
For those who can see lending volumes, presumably this number has dropped somewhat so far this week? It hasn’t looked like there is much additional re-investment in A/P/M, so I’m guessing a drop in new lending is what’s resulted in some decent RYI queue movement all of a sudden. Edit: Having said that, the amount available from re-investment has been topped up even further this morning. Today could be an even nicer day for the A/P/M queue if this isn't all lent out...! Fingers crossed. Almost all of it already gone or accounted for... That was quick. Will have to hope that at least some was RYIs...! Attachments:
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chris1200
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Post by chris1200 on Sept 4, 2020 10:33:14 GMT
For those who can see lending volumes, presumably this number has dropped somewhat so far this week? It hasn’t looked like there is much additional re-investment in A/P/M, so I’m guessing a drop in new lending is what’s resulted in some decent RYI queue movement all of a sudden. Edit: Having said that, the amount available from re-investment has been topped up even further this morning. Today could be an even nicer day for the A/P/M queue if this isn't all lent out...! Fingers crossed. so far as of 11:03 today the cumulative lv was 4,088,739 there was 0.83m yesterday, 1.65m on wed just checked again 4,093,083 in last 20 mins or so. As you know from these figures can't really see where its going product wise. Last weeks lv up to sat midnight was 8.91m of which the largest amounts of LV were Mon(2.71m) & wed (2.06m) give or take 100,000 or so depending on the times I take the figures daily. Thanks, aju! Does indeed look like we'll have a lower new lending figure this week, then. Good news for those of us in the queue.
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chris1200
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Post by chris1200 on Sept 4, 2020 7:41:57 GMT
Given we suddenly have some movement in A/P/M again - only if star dust doesn’t mind continuing - my queue position as of today (04/09) is #150. (Sorry that I missed last week - thought we’d given up!)
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chris1200
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Post by chris1200 on Sept 4, 2020 7:38:48 GMT
For those who can see lending volumes, presumably this number has dropped somewhat so far this week? It hasn’t looked like there is much additional re-investment in A/P/M, so I’m guessing a drop in new lending is what’s resulted in some decent RYI queue movement all of a sudden. Edit: Having said that, the amount available from re-investment has been topped up even further this morning. Today could be an even nicer day for the A/P/M queue if this isn't all lent out...! Fingers crossed. Attachments:
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chris1200
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Post by chris1200 on Aug 28, 2020 12:17:28 GMT
Thanks for hi-jacking it (along with other threads) just to promote your own self-interest / obsession. You're welcome. What position is that then? I reiterate, I've lost count of the number of threads created to discuss RYIs (was six at the last count I think). It's like watching paint dry. And almost as irrelevant leading up to Metro Bank's acquisition and beyond. (Back on topic)
Oh for goodness sake! I'm not hijacking anything - you brought up T&C, not me! You could've just disagreed politely, but you didn't. Besides, discussing RYIs and letting forum users know about conversations with RS is in all our interests. It's ridiculous to suggest I gain something from this 'promotion'?! And yes, I agree there are too many threads discussing RYIs - note that I did not start any of these threads. My attitude in this regard is consistent across this forum, and I've made the point many times - it's not some attack personal to just you, so please stop taking it as such and be more civil. I didn't tell you that discussing Metro Bank was boring or that you shouldn't do it - I just made a polite request that maybe we didn't need yet another new thread. Goodness me. Edit: I've just noticed, coogaruk , that you haven't even bothered to let us know any of your RYI queue information - you're not listed in these threads. I mean, talk about being self-interested and not helping others on here... Are you just not even actually in the queue, or are you so far back that all of this RYI talk is pointless to you, even while it's relevant for others? Maybe that's why discussion of RYIs infuriates you quite so much... Now I am hijacking - so this will be my last post here.
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chris1200
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Post by chris1200 on Aug 28, 2020 11:49:20 GMT
So disappointing, once again, to see users on here respond to a polite and well-intentioned point in this way. There's really no need for it.
On a side note, I find it quite amazing that anyone would consider RS's T&C anything other than immensely important right now. But I suppose that kind of lack of interest is exactly why so many people on here have got themselves into the position they have...
Anyway, enjoy your thread.
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chris1200
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Post by chris1200 on Aug 28, 2020 9:29:38 GMT
This week so far we have delivered £1.7m of release requests? Who exactly are they releasing this money to? As my position in the queue has barely moved this week then its not being released to A/P/M investors. You know the answer to this question, surely...? 5 Year RYIs. We all must have been over this about a gazillion times . New lending is (almost?) entirely coming from A/P/M and has increased markedly (see diversifier's post above, and many others I've made in the last few weeks) = eating up all the re-investment money that was going to RYI processing previously. Whereas 5 Year has no new lending = all re-investment money is going to RYI processing.
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chris1200
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Post by chris1200 on Aug 27, 2020 21:26:43 GMT
RS say that £32m in the queue has been cancelled (and IMO this accounts for all the movement from position 100+). And yet nobody on here can think of a reason to cancel. Strange. To my mind, it's more that we all pretty much agree there's no point in cancelling while further back in the queue - but there may be some who wish to cancel when they actually get near the front and it's decision-time. This is likely especially true of those in the 5 Year market, where there is both a hefty sell-out fee and the queue is moving so speedily that there shouldn't be too much trouble getting out in a few weeks. Also, this cancellation £figure includes reductions. Some might wish to keep at least part of their investment in RS, especially if they're sitting on decent rates.
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chris1200
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Post by chris1200 on Aug 27, 2020 21:19:10 GMT
Nice sleuthing on the previous reference to 'run-off', nebula! Rather interesting that they appear to have used these terms somewhat interchangeably in the past, then... Also, for those who don't actually read the full wind-down plan, just to note that the section about RYIs (or 'sell-outs') goes on to say: " The management of sell-outs would be reviewed frequently with the intention to normalise this process at the earliest opportunity." So, even in a scenario where they decide to limit these (only a "may"), they still suggest ideally they would bring them back asap. With no new loans, the only way to provide funds for such RYIs/sell-outs is re-investment, of course. I know I've already made this point, but some appeared to have missed it the first time .
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