dh1
Member of DD Central
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Post by dh1 on Dec 12, 2018 19:38:09 GMT
... to 35 - yes, 35, days. This change will have quite an impact, I suspect. There are other less ground shaking changes in the same email, received today at 16:19
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Post by Ace on Dec 12, 2018 21:48:16 GMT
nsiam , would you please consider publishing the data that shows that it is favourable for investors to have their PF purchase option say to 35 days. Without this data there is little point allowing investors to make a choice, since they would effectively be doing it blind. While Welendus is still paying Additional Earnings (equal to the unpaid interest up to the point the PF refunds the capital) it would seem that it is almost irrelevant which PF purchase option is selected. I use the word 'almost' because there are two small factors that would suggest that, while Additional Earnings are being paid, it is advantageous to set the PF purchase option as high as possible. These are: 1) any cash drag while waiting for PF payments to be reinvested would be minimised. 2) currently the AE payments are delayed by up to 40 days, which effectively delays the ability to invest those payments by 40 days. So, reducing the number of these payments would be beneficial. This assumes that increasing the PF purchase option does reduce the need for these payments. This assumption seems reasonable since 31% of my earnings so far have come from AE (with a PFPO of 15 days) and the stats page shows a default rate of only 1.2% (effectively being a measure of the PFPO at 90 days).
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benaj
Member of DD Central
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Post by benaj on Dec 12, 2018 22:40:46 GMT
nsiam , would you please consider publishing the data that shows that it is favourable for investors to have their PF purchase option say to 35 days. Without this data there is little point allowing investors to make a choice, since they would effectively be doing it blind. While Welendus is still paying Additional Earnings (equal to the unpaid interest up to the point the PF refunds the capital) it would seem that it is almost irrelevant which PF purchase option is selected. I use the word 'almost' because there are two small factors that would suggest that, while Additional Earnings are being paid, it is advantageous to set the PF purchase option as high as possible. These are: 1) any cash drag while waiting for PF payments to be reinvested would be minimised. 2) currently the AE payments are delayed by up to 40 days, which effectively delays the ability to invest those payments by 40 days. So, reducing the number of these payments would be beneficial. This assumes that increasing the PF purchase option does reduce the need for these payments. This assumption seems reasonable since 31% of my earnings so far have come from AE (with a PFPO of 15 days) and the stats page shows a default rate of only 1.2% (effectively being a measure of the PFPO at 90 days). The new setting will be set to fixed 35 durations on 15 Jan 2019. I am curious to see borrowers stats paying back first 35 days and my annualised rate for 2019, my current AE is 47.98% of my "total earned".
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Post by Ace on Dec 12, 2018 22:58:14 GMT
nsiam , would you please consider publishing the data that shows that it is favourable for investors to have their PF purchase option say to 35 days. Without this data there is little point allowing investors to make a choice, since they would effectively be doing it blind. While Welendus is still paying Additional Earnings (equal to the unpaid interest up to the point the PF refunds the capital) it would seem that it is almost irrelevant which PF purchase option is selected. I use the word 'almost' because there are two small factors that would suggest that, while Additional Earnings are being paid, it is advantageous to set the PF purchase option as high as possible. These are: 1) any cash drag while waiting for PF payments to be reinvested would be minimised. 2) currently the AE payments are delayed by up to 40 days, which effectively delays the ability to invest those payments by 40 days. So, reducing the number of these payments would be beneficial. This assumes that increasing the PF purchase option does reduce the need for these payments. This assumption seems reasonable since 31% of my earnings so far have come from AE (with a PFPO of 15 days) and the stats page shows a default rate of only 1.2% (effectively being a measure of the PFPO at 90 days). The new setting will be set to fixed 35 durations on 15 Jan 2019. I am curious to see borrowers stats paying back first 35 days and my annualised rate for 2019, my current AE is 47.98% of my "total earned". Ah, yes 😳. Thanks, I did see that then quickly forgot it when I noticed a new ability to set it to 35 or 45 days (seems a little pointless now). Ok nsiam , I guess that I no longer have a need to see the data, but, if you're willing to share, I would still like to see it published to try and understand the platform performance better. My real concern here is that I'd like to be prepared for when/if the AE payments ever cease. Wow, you're AE payments seem high benaj . Can I ask what your PFPO was set to. I'm guessing it must have been 7 days.
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benaj
Member of DD Central
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Post by benaj on Dec 12, 2018 23:18:58 GMT
Ace It was set to 7 days, now 14 days, but it will be 35 days by Jan 2019
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Godanubis
Member of DD Central
Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
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Post by Godanubis on Dec 13, 2018 3:05:12 GMT
Ace It was set to 7 days, now 14 days, but it will be 35 days by Jan 2019 I think by 35 days if their borrower selection criteria are correct then the delinquent borrowers would fall back into line with their payments and thereby reducing the number of loans requiring PF purchase. The purchase of loan parts by the PF gives the PF a boost if the borrower subsequently makes payments on time allowing PF to resell part retaining any interest accrued after PF acquisition and subsequent resale even after bonous being paid to the original lender.
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