Balder
Member of DD Central
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Post by Balder on Jan 21, 2018 18:14:27 GMT
Hi
I have noticed that money i invested in the 2 accounts in December 17 have been invested in a number of loans that were suspended at the time. Is this a bug? It can't be correct?
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agent69
Member of DD Central
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Post by agent69 on Jan 21, 2018 18:24:51 GMT
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Post by GSV3MIaC on Jan 21, 2018 18:28:06 GMT
It's not a bug .. read the back story and you'll see that's how the 30day/QAA accounts work .. you own part of the 'pot', defaults and all, however you can still sell out since the cash cushion will pay, regardless of liquidity state of the nominal holdings (unless everything goes sour, in which case what you nominally hold is the least of your problems). Same deal with your savings account with XYZ bank - at least some part of it has been lent to non-performing companies (Carillion springs to mind) but you can still draw it out again .. although in that case the FSCS provide a rather securer guarantee. AC made a rod for their own back by showing you what is in those 'black box' accounts.
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Balder
Member of DD Central
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Post by Balder on Jan 21, 2018 18:58:44 GMT
OK thanks
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jlend
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Post by jlend on Jan 21, 2018 19:04:36 GMT
It is similar in RS now for some of their asset backed loans. When you invest in RS your money may be put in non performing asset backed loans.
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