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Post by Ton ⓉⓞⓃ on Nov 13, 2014 11:14:30 GMT
I imagine this is a display issue, but some of the total of 'units' available on the AM seem incorrect, for instance Aberdeenshire Wind Turbine loan amount £960,000.00 , available units: £993,241.55 and London Retail Loan T 2 loan amount £500,000 , available units: £537,696.79 clearly these are in error but others seems out aswell Colin |
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Post by Colin on Nov 13, 2014 13:00:37 GMT
I imagine this is a display issue, but some of the total of 'units' available on the AM seem incorrect, for instance Aberdeenshire Wind Turbine loan amount £960,000.00 , available units: £993,241.55 and London Retail Loan T 2 loan amount £500,000 , available units: £537,696.79 clearly these are in error but others seems out aswell ColinThanks Ton. We are aware of this and are investigating.
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shimself
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Post by shimself on Nov 13, 2014 14:33:12 GMT
I think this is new, apologies if not Dashboard Manual Loans sectionOn repayment switch I chose withdraw paymenst and interest, but it doesnt work : Whether it's 'working' or not may depend on what you were expecting the switch to do. ..... HTH In the sense that it doesnt change the displayed setting to withdraw payments and interest, it stays as it was before
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shimself
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Post by shimself on Nov 13, 2014 14:36:08 GMT
I think this is new, apologies if not Dashboard Manual Loans sectionOn repayment switch I chose withdraw paymenst and interest, but it doesnt work Can you clarify what aspect is not working? Does it not withdraw as expected or does it not update the "On Repayment" setting in the first place? Thanks. It doesn't update the setting
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bigfoot12
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Post by bigfoot12 on Nov 13, 2014 14:39:40 GMT
In the sense that it doesnt change the displayed setting to withdraw payments and interest, it stays as it was before This is working for me (Firefox 33.0).
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sqh
Member of DD Central
Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
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Post by sqh on Nov 14, 2014 13:02:25 GMT
andrewholgate, davidricketts1, chris, ColinI have 4 loans where the borrower failed to drawdown, which accrued pre-drawdown interest. I believe there are other loans with the same issue. At the moment I have no means of viewing the amount I'm owed, and it is taking months to get redress from the borrowers. I'm sure lenders would like to view the amount they are owed. These are essentially defaults but they are hidden from the Assetz Capital platform. Can you please arrange for this to be added as an option on the MLIA dashboard. I suggest calling it "historic pre-drawdown interest".
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Jase88
Hope we can talk more as a group before we go in to make our investment's on the peer platform...
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Post by Jase88 on Nov 14, 2014 15:39:17 GMT
Agree with all yr excellent analysis there OG except the last line (which I’ve probably misunderstood). But just to be clear the uw’s didn’t have a penny as far as we know in the BL’s (the horseshoes were all purple). It’s all ordinary lender funds blocked there which, as you say, has stopped the AC wheel turning round. Not good.
I find it easier to make my deshion' when underwriter's come in LOAN'S as when I read in full detail about the loan on offer I am seeing how many aye's an naw's am making before I make my final deshion  , But I do agree with this "We have a large amount of money stuck in a lot of defaulted loans, money which should have been paid out months ago and would be reinvested, easing the underwriters' position and confidence" as if some quicker type of turnaround benifactored into a deal it speed's process's up...
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shimself
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Post by shimself on Nov 14, 2014 22:38:04 GMT
In the sense that it doesnt change the displayed setting to withdraw payments and interest, it stays as it was before This is working for me (Firefox 33.0). I agree. Erm, I've gone doolally or they fixed it, not sure.
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sl75
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Post by sl75 on Nov 15, 2014 9:35:17 GMT
It would be great to have a way to change several targets at once... some mechanism on the "your loans" or "browse loans" page to click a button, or click on the displayed target, and the target(s) become editable.
Submit, and all targets would be modified simultaneously.
I just went through reducing all of my targets by a small amount, in order to free up some funds that I will require in my bank within a few days, and the back-end process worked beautifully (albeit with far too many transactions because of the [poor IMHO] decision to go with a £1 transfer size for split sales rather than £10 or larger), but the UI was a right royal pain and took far longer than necessary, as I had to go into each individual loan page, click on the "set my investment target as", type the new amount, click "apply", scroll back up the page to find the confirmation, click "apply" again, go back to the main list of loans, and find the next one, and repeat. When I'm going through re-assessing ALL my targets, being able to just work down the list on one page would be far better.
I'd be thinking of something similar to the (inaccessible at the moment due to site maintenance) mechanism to set "book value" on the TD direct website if any of your team have an account there?
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oldgrumpy
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Post by oldgrumpy on Nov 15, 2014 9:54:49 GMT
I have come to the conclusion that no more requests should be made for platform changes until AC have completely sorted out all the multiple errors which have been occurring with accrued interest accounting. Those are a big priority, and I await a statement from the top that everything is correct and working properly, and confirmation on these forums from lenders far more competent than I to see the discrepancies, that all has really been put right.
I want reduced ....
.... reasons to be grumpy.
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mikes1531
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Post by mikes1531 on Nov 15, 2014 16:04:56 GMT
I have come to the conclusion that no more requests should be made for platform changes until AC have completely sorted out all the multiple errors which have been occurring with accrued interest accounting. I understand the sentiment, but don't agree. I think we should continue to suggest improvements as we think of them. But I do agree that none of those should be implemented until after the accrued interest debacle is sorted. After all, we mustn't have chris thinking we're running out of ideas for improvements and that he might be allowed to spend Christmas with his family! 
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unmadem
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Post by unmadem on Nov 16, 2014 13:49:42 GMT
Bugs with target investment.
1) I have entered a target investment for an "up coming" loan. However this is not showing up on the Browse Loans/Targetted list. Nor is it included in the Total Target Investment in the Mila summary on Dashboard.
It might be argued in the current set up that you shouldn't be able to set a target till it goes live but if that is to continue (which is probably my preferred option) then I think it must be included in the Targetted list and total too as this does represent your total intended funding for AC.
2) Also there is an error on the download as csv option for the Target list. There is a column heading for Your Target but alas no values .
Not sure if this is one for Colin or chris
ps obviously we would want targeted value to disappear if the up coming loan actually died and will never become live.
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Post by geoffrey on Nov 17, 2014 8:26:57 GMT
Do we really need the totals for "Your Total Investment" and "Current Cash Balance" to display to 15 significant figures of accuracy when hovering over them? There is no real-world case where it could possibly interest me that I have a quadrillionth of a pound (£0.000000000000001) in my account. To all intents and purposes this is zero. Surely all that need to be displayed are three or at most four decimal places, to cover fractions of a penny, and then only to reassure any paranoid lenders that the rounding issue is accurately dealt with.
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sl75
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Post by sl75 on Nov 17, 2014 13:15:32 GMT
There is no real-world case where it could possibly interest me that I have a quadrillionth of a pound (£0.000000000000001) in my account. If you're wanting to audit Assetz' interest rate calculations on your account, this level of detail can be useful ... but that'd be more of a use case for the downloaded CSV than for the hover-over. Differences between certain different day count rules can make around 0.07% difference, and you may be needing to track interest calculations on a penny for a day, and that the correct interest rate was used to within 0.01%... admittedly that use case would be satisfied with just a trillionth of a pound precision, but lets just call it 3 extra check digits!
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Post by Ton ⓉⓞⓃ on Nov 17, 2014 13:23:07 GMT
There is no real-world case where it could possibly interest me that I have a quadrillionth of a pound (£0.000000000000001) in my account. If you're wanting to audit Assetz' interest rate calculations on your account, this level of detail can be useful ... but that'd be more of a use case for the downloaded CSV than for the hover-over. Differences between certain different day count rules can make around 0.07% difference, and you may be needing to track interest calculations on a penny for a day, and that the correct interest rate was used to within 0.01%... admittedly that use case would be satisfied with just a trillionth of a pound precision, but lets just call it 3 extra check digits! I assumed it also had to do with large u/wer buys etc of a million pounds. I can't get your link to work No I'm getting a mathematical answer
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, But I do agree with this "We have a large amount of money stuck in a lot of defaulted loans, money which should have been paid out months ago and would be reinvested, easing the underwriters' position and confidence" as if some quicker type of turnaround benifactored into a deal it speed's process's up...
