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Post by Ace on Apr 8, 2020 18:39:12 GMT
Following the repayment of 9629500 yesterday there is now ~£274k of free cash on the platform. Amazing liquidity compared with most other platforms. Well done Loanpad , especially in the present circumstances. I Ace . Where do i see these figures (free cash)? I cant see it on this page? www.loanpad.com/user/isa/my-loanbook/live-dataCheers You've got the right page, but it's not displayed. You have to calculate it from the simple formula: Total Lenders x Average Lender - Total Loanpad Loans. So, today it's 1,576 × £5,209.09 - £7,910,000 = £299,525.84 unallocated cash.
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Post by nooneere on Apr 8, 2020 18:58:55 GMT
Following the repayment of 9629500 yesterday there is now ~£274k of free cash on the platform. Amazing liquidity compared with most other platforms. Well done Loanpad , especially in the present circumstances. And also the number of lenders seems to have increased every time I log on, even through the past couple of weeks. I am guessing many of these are IFISA transfers, as putting new money into any P2P platform is hardly an obvious move in the current environment. But moving one's IFISA to a platform perceived as relatively safe makes sense.
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Post by Badly Drawn Stickman on Apr 8, 2020 19:49:15 GMT
Following the repayment of 9629500 yesterday there is now ~£274k of free cash on the platform. Amazing liquidity compared with most other platforms. Well done Loanpad , especially in the present circumstances. And also the number of lenders seems to have increased every time I log on, even through the past couple of weeks. I am guessing many of these are IFISA transfers, as putting new money into any P2P platform is hardly an obvious move in the current environment. But moving one's IFISA to a platform perceived as relatively safe makes sense. I was taking the investor count to be mostly due to counting ISA accounts as new and additional, but its possible it is seen as a safe option. How well that idea holds up over time is the interesting question, obviously compared to for example the property loans on Ablrate where you are at the back of the queue the underlying loans look reasonably solid. The interest payment are probably no more assured than any other platform (could be argued less so, as very property biased), so we could well be paying our own interest soon (fine in the short to medium term, long term?) In an environment where it seems easier to put money in than get it out, I think I will be gently reducing for a while, but do think it is unlikely to be a problem if things get back to something like normal in a reasonable time scale. Suspect the trades might be king at that time so potential delays all round is a strong possibility.
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littleoldlady
Member of DD Central
Running down all platforms due to age
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Post by littleoldlady on Apr 8, 2020 20:26:18 GMT
Following the repayment of 9629500 yesterday there is now ~£274k of free cash on the platform. Amazing liquidity compared with most other platforms. Well done Loanpad , especially in the present circumstances. Every time the cash nearly runs out a loan suddenly repays - or more likely is hived off somehow. Maybe they have underwriters in the wings or maybe they have an arrangement with the lending partner to hand back loans when liquidity is squeezed. If this is the case it is strange that they don't publicise it as it would be great news for anyone concerned about liquidity. My guess is that one of these is indeed the case but without any guarantee, so the FCA won't let them divulge it.
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Post by Ace on Apr 8, 2020 21:13:49 GMT
Following the repayment of 9629500 yesterday there is now ~£274k of free cash on the platform. Amazing liquidity compared with most other platforms. Well done Loanpad , especially in the present circumstances. Every time the cash nearly runs out a loan suddenly repays - or more likely is hived off somehow. Maybe they have underwriters in the wings or maybe they have an arrangement with the lending partner to hand back loans when liquidity is squeezed. If this is the case it is strange that they don't publicise it as it would be great news for anyone concerned about liquidity. My guess is that one of these is indeed the case but without any guarantee, so the FCA won't let them divulge it. You could well be right, but strange that they handed all 3 tranches back when one of them would have been sufficient. There was a net inflow of ~£25k today, and the number of lenders is still growing.
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Post by Badly Drawn Stickman on Apr 8, 2020 21:37:18 GMT
Every time the cash nearly runs out a loan suddenly repays - or more likely is hived off somehow. Maybe they have underwriters in the wings or maybe they have an arrangement with the lending partner to hand back loans when liquidity is squeezed. If this is the case it is strange that they don't publicise it as it would be great news for anyone concerned about liquidity. My guess is that one of these is indeed the case but without any guarantee, so the FCA won't let them divulge it. You could well be right, but strange that they handed all 3 tranches back when one of them would have been sufficient. There was a net inflow of ~£25k today, and the number of lenders is still growing. Presumably a modest percentage of that would be the increase in holdings of the daily interest? They have always had a fair portion in each account as un-invested funds, presumably again that would be part of the model to allow a seamless introduction of new loans. Clearly they have enough liquidity, at the end of the day it has been proven (and was fairly obvious in fairness) that no platform can withstand a mass withdrawal event. Any that could would really have no need of investors in the first place.
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Post by Ace on Apr 8, 2020 22:52:29 GMT
You could well be right, but strange that they handed all 3 tranches back when one of them would have been sufficient. There was a net inflow of ~£25k today, and the number of lenders is still growing. Presumably a modest percentage of that would be the increase in holdings of the daily interest? They have always had a fair portion in each account as un-invested funds, presumably again that would be part of the model to allow a seamless introduction of new loans. Clearly they have enough liquidity, at the end of the day it has been proven (and was fairly obvious in fairness) that no platform can withstand a mass withdrawal event. Any that could would really have no need of investors in the first place. Daily interest would only amount to around £1k in total.
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upperdeane
Member of DD Central
Posts: 493
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Post by upperdeane on Apr 9, 2020 13:44:29 GMT
You've got the right page, but it's not displayed. You have to calculate it from the simple formula: Total Lenders x Average Lender - Total Loanpad Loans. So, today it's 1,576 × £5,209.09 - £7,910,000 = £299,525.84 unallocated cash. Thanks Ace 
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Post by madmitch on Apr 10, 2020 14:33:05 GMT
Now £313,568.20
If there are no new loans, surely this number will climb substantially?
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littleoldlady
Member of DD Central
Running down all platforms due to age
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Post by littleoldlady on Apr 10, 2020 19:58:01 GMT
Now £313,568.20
If there are no new loans, surely this number will climb substantially?
If there are no withdrawals then yes. But the lockdown has put a lot of people in financial, distress so there might be a demand for funds.
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Ukmikk
Member of DD Central
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Loanpad
Apr 13, 2020 11:00:55 GMT
via mobile
Post by Ukmikk on Apr 13, 2020 11:00:55 GMT
Now £313,568.20
If there are no new loans, surely this number will climb substantially?
If there are no withdrawals then yes. But the lockdown has put a lot of people in financial, distress so there might be a demand for funds. Do you think the kind of people who will be in immediate financial distress are likely to be investors in P2P?
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Loanpad
Apr 14, 2020 5:12:04 GMT
via mobile
Post by gravitykillz on Apr 14, 2020 5:12:04 GMT
If there are no withdrawals then yes. But the lockdown has put a lot of people in financial, distress so there might be a demand for funds. Do you think the kind of people who will be in immediate financial distress are likely to be investors in P2P? Good point.
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Greenwood2
Member of DD Central
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Post by Greenwood2 on Apr 14, 2020 10:44:16 GMT
Do you think the kind of people who will be in immediate financial distress are likely to be investors in P2P? Good point. Judging by the response from some lenders to the collapse of Col, Lendy et al, yes all too many of them!
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littleoldlady
Member of DD Central
Running down all platforms due to age
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Post by littleoldlady on Apr 14, 2020 18:09:39 GMT
Do you think the kind of people who will be in immediate financial distress are likely to be investors in P2P? One is a definition of the other.
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Post by Ace on Apr 18, 2020 11:26:55 GMT
Loanpad can we have an update for the defaulted loan (9922376) please, as it's latest extension ran out yesterday.
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