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Post by chris on Oct 12, 2014 21:09:58 GMT
I have PM'd you with the reason why your settings are currently wrong and that it's not broken but working as designed, even if that it is confusing. For everyone else's benefit there is a maximum amount of the loan that AI will hold, by default 25% but overridable if you use the advanced settings as in this case. AI treats this value as a maximum limit for your target, so even if you set your target to be greater than this value it will cap it. If your holding is greater than this value then it will try and sell loan units until you are holding 25% of the loan. Whilst I fully agree that this is confusing, and it is an option we're removing on the new site, the system is working as instructed. Chris, if you can see my account then you can see that I didn't change the 25% and this was less than what I'd set AI to. -- Deleted -- Decided to delete this post after Tony's post on the previous page conceding a mistake. The detail given was no longer relevant.
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mikes1531
Member of DD Central
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Post by mikes1531 on Oct 12, 2014 23:14:13 GMT
Go into your AI settings now and save the page/print it to PDF/whatever as appropriate, as a belt and braces  : Thanks for the suggestion. I've done that. I hope I won't have to set up all my AI instructions again, but at least I know what I'd need to do in that situation.
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Post by pepperpot on Oct 13, 2014 0:24:20 GMT
Don't forget with the new platform there are no auctions, so there's only buy and sell! Well don't have them both ticked by default like they are now! That's my point. The positive action is switching it on in the first place, which requires a set target. Don't they both need to be active in order for AI to get to your target, from both increasing and decreasing points of view? Not sure if I've missed a point somewhere?
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oldgrumpy
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Post by oldgrumpy on Oct 13, 2014 8:21:27 GMT
My point (I suppose from my perspective only) is that on AI I haven't wanted to sell anything on auto so I have manually ticked only my buying requirements. Selling was also manual.On the new platform, where manual is unavailable, I will have to do whatever is dictated.
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sl75
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Post by sl75 on Oct 13, 2014 15:24:45 GMT
I'm used to working in financial markets and took the 25% as to be 25% of my assets. I assumed it was a basic portfolio risk management tool to stop anyone "putting all their eggs in one basket". It makes no sense to me to cap the fraction of the loan that I hold, I've no idea what it is for, but that's the way AC have set things up. I recall it being described somewhere else as being able to be used for the purpose of following the capital balance of a loan down as it repays. If, for example, you set an AI limit of £10,000 on a loan that was initially £100,000, and succeeded in acquiring this initial £10,000 stake, then by the time half the loan is repaid, the initial £10,000 would be worth only £5,000... but AI would have been attempting to buy any other parts of the loan that are sold, as it still has the £10,000 target. Using a 10% target would instead leave AI satisfied with its chunk of the loan, rather than trying to buy more each time the borrower makes a repayment. Given the rather high default 25% limit it may perhaps have initially been intended for [any one of a consortium of] underwriters. It would perhaps be better expressed via a checkbox though - as to whether the AI target represented an amount of the original loan or an amount of the current value of the loan.
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bigfoot12
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Post by bigfoot12 on Oct 13, 2014 16:59:05 GMT
And just in time, too. The opportunity to get in at the beginning closes in less than two hours. ...and no opportunity to get in after supposed drawdown. Over 90% underwritten, but 0 'Units For Sale'!  It is on the aftermarket now.
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