sapphire
Member of DD Central
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Post by sapphire on Aug 30, 2018 19:34:52 GMT
For the new loan #812 launched today, of the £1.9m loan amount, £737.7k is still shown as being available after the first matching run, but I still have some portion of my buy instruction unallocated. (I had placed my buy instruction before the loan went live).
I am curious to know the reason(s) behind this.
1. Is there a maximum individual limit which is allocated to each buyer in one matching run?
2. Is there maximum overall limit of the overall loan which is allocated in one matching run? (The #812 experience suggests this may be around £1.2m?)
3. Is there any amount 'reserved' by the system for 'auto' allocated loans (QAA etc.)
4. Currently any idea roughly how long is the time gap between two matching runs for a given loan?
Other than waiting and regular checking, is there any way of determining this interval?
*Update 31/8*
Just to add that my buy instruction was at par.
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Post by Ace on Aug 30, 2018 20:22:51 GMT
I seem to remember chris saying that a 'run' took about 12 hours. He also said that new software was imminent that would reduce this massively. Think it was a couple of months back, but he seems to have gone worryingly quiet since! Edit: Just looked at my transactions. Purchases of the same loans over the past day were roughly 16 hours apart, so I'm guessing that's how long a 'run' takes. |
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ceejay
Posts: 972
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Post by ceejay on Aug 30, 2018 21:30:31 GMT
For the new loan #812 launched today, of the £1.9m loan amount, £737.7k is still shown as being available after the first matching run, but I still have some portion of my buy instruction unallocated. (I had placed my buy instruction before the loan went live). I am curious to know the reason(s) behind this. 1. Is there a maximum individual limit which is allocated to each buyer in one matching run? 2. Is there maximum overall limit of the overall loan which is allocated in one matching run? (The #812 experience suggests this may be around £1.2m?) 3. Is there any amount 'reserved' by the system for 'auto' allocated loans (QAA etc.) 4. Currently any idea roughly how long is the time gap between two matching runs for a given loan? Other than waiting and regular checking, is there any way of determining this interval? I don't know for sure, but is it possible that the loan was initially oversubscribed (hence you getting a reduced allocation) but that a chunk was then released back on to the market (by, for example, an underwriter)?
I do know that for new loans I have often seen initially small allocations get "made up" over the next day or three. Patience, I think, is key when considering the workings of AC!
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sapphire
Member of DD Central
Posts: 487
Likes: 410
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Post by sapphire on Aug 31, 2018 14:41:10 GMT
An update to my earlier post. Based on the time noted on the allocations in my "Statement Summary", the first matching run was at 16:30 on 30th Aug and the second matching run was at 08:40 on 31st Aug So the interval between matching runs is now around 16+ hours! (Looks like optimised software or a faster CPU is needed!  ) I increased my buy instruction after the first run, but again the full amount requested (at par) was not allocated (after the second run) even though the "Units available" has increased to £1.1m (noted immediately after the second run). |
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