sl75
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Post by sl75 on Apr 15, 2019 12:00:12 GMT
Does anyone know if % cash allocation is equal across all 3 access accounts ? I hold the QAA only, and from my own holdings I have calculated that the current % cash allocation is about 7.47% which is higher than normal nowadays. Does anyone have the corresponding figure for the 30DAA and/or the 90DAA ? Thanks. I would guess that AC ensure that the cash allocation is equalised across all 3 accounts ...... but maybe not ? Every time I've checked, the proportional holdings for each loan, and the implied % cash allocation has been the same regardless of the source account used.
Thus, the 7.7% implied cash allocation spread across the £178M of holdings across the 3 accounts implies £13.7M of cash.
Any withdrawal from any of the 3 accounts draws from what is, in effect, a common cash buffer shared by all 3.
AC probably need their systems to internally account for (at least) scheduled withdrawals that have been requested from the 30DAA and 90DAA and due to take effect within the next few days, whilst also leaving some spare to cover the maximum anticipated withdrawals from the QAA within a similar period.
If there are no substantial scheduled withdrawals from the 30DAA and 90DAA within the next few days, most of the £13.7M could also be considered as sufficient to allow rather more than 20% of the QAA to be withdrawal on extremely short notice, so that a significant and sustained "run" on the account would be required before remedial action would be needed.
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rscal
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Post by rscal on Apr 25, 2019 9:53:36 GMT
Can non-IFISA 'lent funds' be swept into the IFISA account after 31st May and still qualify for the additional 1% (I don't think so.. but please advise)? I reckon AC's offer is relatively straightfoward in that respect. (In order to maximise you have to prioristise IFISA over non-IFISA)
Thanks in advance.
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Post by dan1 on May 28, 2019 19:32:18 GMT
Does anyone know if % cash allocation is equal across all 3 access accounts ? I hold the QAA only, and from my own holdings I have calculated that the current % cash allocation is about 7.47% which is higher than normal nowadays. Does anyone have the corresponding figure for the 30DAA and/or the 90DAA ? Thanks. I would guess that AC ensure that the cash allocation is equalised across all 3 accounts ...... but maybe not ? Every time I've checked, the proportional holdings for each loan, and the implied % cash allocation has been the same regardless of the source account used.
Thus, the 7.7% implied cash allocation spread across the £178M of holdings across the 3 accounts implies £13.7M of cash.
Any withdrawal from any of the 3 accounts draws from what is, in effect, a common cash buffer shared by all 3.
AC probably need their systems to internally account for (at least) scheduled withdrawals that have been requested from the 30DAA and 90DAA and due to take effect within the next few days, whilst also leaving some spare to cover the maximum anticipated withdrawals from the QAA within a similar period.
If there are no substantial scheduled withdrawals from the 30DAA and 90DAA within the next few days, most of the £13.7M could also be considered as sufficient to allow rather more than 20% of the QAA to be withdrawal on extremely short notice, so that a significant and sustained "run" on the account would be required before remedial action would be needed.
FWIW the implied cash % now stands at a lofty ~14% largely due to the recent repayment of #463, some £3.8m.
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Post by gravitykillz on May 31, 2019 12:44:37 GMT
I am presuming it is ok to withdraw interest without affecting the eligibility for this offer? I am presuming as long as the principle remains invested I should get the bonus in October.
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Post by gravitykillz on May 31, 2019 12:45:24 GMT
Or am I wrong even the interest has to remain invested ?
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Post by Ace on May 31, 2019 13:19:55 GMT
It's the total invested balance increase between the start date and midnight tonight that qualifies. You can withdraw any increase in balance beyond that taken at midnight tonight without affecting the amount qualifying for bonus (I.e. Interest paid from 1st June onwards), although AC usually start another bonus scheme almost immediately to temp you not to withdraw.
Any guesses as to what the next bonus scheme will be anyone?
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Post by df on May 31, 2019 13:35:44 GMT
It's the total invested balance increase between the start date and midnight tonight that qualifies. You can withdraw any increase in balance beyond that taken at midnight tonight without affecting the amount qualifying for bonus (I.e. Interest paid from 1st June onwards), although AC usually start another bonus scheme almost immediately to temp you not to withdraw. Any guesses as to what the next bonus scheme will be anyone? It's been like this for a while (also on LC and GS). I have to ignore them to avoid being overexposed.
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bigfoot12
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Post by bigfoot12 on May 31, 2019 13:45:37 GMT
...AC usually start another bonus scheme almost immediately to temp you not to withdraw. They've had quite a bit of money from the ISA season, amount offered on their market has fallen by £10m in the last two months. My guess is that they will wait a little this time. ...but thank you for your reminder I have withdrawn all spare cash, just in case.
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bg
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Post by bg on May 31, 2019 22:06:32 GMT
...AC usually start another bonus scheme almost immediately to temp you not to withdraw. They've had quite a bit of money from the ISA season, amount offered on their market has fallen by £10m in the last two months. My guess is that they will wait a little this time. ...but thank you for your reminder I have withdrawn all spare cash, just in case. You don't need to withdraw cash.....bonus amounts are always calculated on 'invested' amount, so having money in your AC cash account is not an issue.
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n
Member of DD Central
Yet another Nick
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Post by n on Jun 1, 2019 10:23:04 GMT
They've had quite a bit of money from the ISA season, amount offered on their market has fallen by £10m in the last two months. My guess is that they will wait a little this time. ...but thank you for your reminder I have withdrawn all spare cash, just in case. You don't need to withdraw cash.....bonus amounts are always calculated on 'invested' amount, so having money in your AC cash account is not an issue. Unless it's swept into the QAA.
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sl75
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Post by sl75 on Jun 2, 2019 11:27:13 GMT
It's the total invested balance increase between the start date and midnight tonight that qualifies. You can withdraw any increase in balance beyond that taken at midnight tonight without affecting the amount qualifying for bonus (I.e. Interest paid from 1st June onwards), although AC usually start another bonus scheme almost immediately to temp you not to withdraw. Any guesses as to what the next bonus scheme will be anyone? I doubt there'll be another one in the short term. Non-invested funds in the Access Accounts appear to be at a record high, with nearly £33M implied to be held as cash by my calculations; great for liquidity in the QAA, but less good for ensuring the viability of the provision fund in the 90DAA (unless they're cross-subsidised behind the scenes, as would make sense, given the very different requirements of these accounts...)
If anything, if they can't get enough new loans in the pipeline to absorb all the new funds being deposited, they may be needing to take steps to discourage further new deposits in the short term.
Funds deposited under the terms of the most recent offer stay "locked in" until October, so there's still plenty of time for them to launch another overlapping offer in an attempt to keep those funds "locked in", and I'd expect them to wait until such a point as available funds are starting to run low again... which I'd estimate would be at least a couple of months from now.
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Post by Ace on Jun 2, 2019 11:37:58 GMT
It's the total invested balance increase between the start date and midnight tonight that qualifies. You can withdraw any increase in balance beyond that taken at midnight tonight without affecting the amount qualifying for bonus (I.e. Interest paid from 1st June onwards), although AC usually start another bonus scheme almost immediately to temp you not to withdraw. Any guesses as to what the next bonus scheme will be anyone? I doubt there'll be another one in the short term. Non-invested funds in the Access Accounts appear to be at a record high, with nearly £33M implied to be held as cash by my calculations; great for liquidity in the QAA, but less good for ensuring the viability of the provision fund in the 90DAA (unless they're cross-subsidised behind the scenes, as would make sense, given the very different requirements of these accounts...)
If anything, if they can't get enough new loans in the pipeline to absorb all the new funds being deposited, they may be needing to take steps to discourage further new deposits in the short term.
Funds deposited under the terms of the most recent offer stay "locked in" until October, so there's still plenty of time for them to launch another overlapping offer in an attempt to keep those funds "locked in", and I'd expect them to wait until such a point as available funds are starting to run low again... which I'd estimate would be at least a couple of months from now.
Thanks, I sort of hope you're right, as I want to draw down funds from my non-ISA account. So, I should be able to withdraw the sum total of all interest and bonus payments in both from the non-ISA, while keeping the total as at the end of May. Then wait for the next offer and put it back in the ISA account 😊
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ceejay
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Post by ceejay on Jun 2, 2019 22:52:17 GMT
I doubt there'll be another one in the short term. Non-invested funds in the Access Accounts appear to be at a record high, with nearly £33M implied to be held as cash by my calculations; great for liquidity in the QAA, but less good for ensuring the viability of the provision fund in the 90DAA (unless they're cross-subsidised behind the scenes, as would make sense, given the very different requirements of these accounts...)
If anything, if they can't get enough new loans in the pipeline to absorb all the new funds being deposited, they may be needing to take steps to discourage further new deposits in the short term.
Funds deposited under the terms of the most recent offer stay "locked in" until October, so there's still plenty of time for them to launch another overlapping offer in an attempt to keep those funds "locked in", and I'd expect them to wait until such a point as available funds are starting to run low again... which I'd estimate would be at least a couple of months from now.
Thanks, I sort of hope you're right, as I want to draw down funds from my non-ISA account. So, I should be able to withdraw the sum total of all interest and bonus payments in both from the non-ISA, while keeping the total as at the end of May. Then wait for the next offer and put it back in the ISA account 😊 Indeed, the successive offers do seem to overlap such that you can't just take it out when one ends and feed it back into the next one ... unless you have two accounts to play with, and sufficient available external cash to be able to double up for the necessary short period (and the willingness to take a little extra exposure during this time)
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sl75
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Post by sl75 on Oct 7, 2019 7:39:20 GMT
For those who aren't going for the "additional 1% cashback" for ISA investment, any extra money being kept in just to qualify for this promotion should now be free to use as you wish.
Looking at my chart tracking various AC balances, I don't think AC are likely to be running another similar promotion in the immediate future - the "access accounts" appear to have more than £26M of non-invested cash, which is substantially higher than the level has been at the launch of any similar promotion (for this one, it was about £7M when the promotion launched, and somewhat lower a few days earlier when the decision would have been made), and the markets seem more stable with very few "loans available at a discount".
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r00lish67
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Post by r00lish67 on Oct 7, 2019 7:54:11 GMT
For those who aren't going for the "additional 1% cashback" for ISA investment, any extra money being kept in just to qualify for this promotion should now be free to use as you wish.
Looking at my chart tracking various AC balances, I don't think AC are likely to be running another similar promotion in the immediate future - the "access accounts" appear to have more than £26M of non-invested cash, which is substantially higher than the level has been at the launch of any similar promotion (for this one, it was about £7M when the promotion launched, and somewhat lower a few days earlier when the decision would have been made), and the markets seem more stable with very few "loans available at a discount".
I concur. It would seem rather sensible to keep some spare capacity and further promotional ammo in the kitty given the current politics and also the apparently forthcoming insolvency of another platform (as advertised by the Times).
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