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Post by chris on Oct 23, 2014 21:33:18 GMT
I agree, I was only offering a possible explanation. With the old website the end-of-day recalculated accrued interest was normally available 5-10 mins after midnight. With the new calculation it takes around 10 - 20 minutes to run depending on what else is running, a large part of which is actually just writing the data to disc. There's possibly some additional fine tuning that can be applied but it's fast enough for now. It was a little slower earlier taking around half an hour as I had to blank everything first and then recalculate from scratch, which involved more disc writes. I've PMd mikes1531 with a breakdown of the accrued interest for his account. There was a small amount for live loan units but most was for sold / merged / split loan units so would have been hidden from him. For everyone else's benefit I've also PMd a breakdown to Jack Barlow who has kindly been doing some checks. Thus far the overall figure is in the expected ballpark and most of the spot checks have been in agreement. There have been a couple that have a few pence of difference to what Jack Barlow was expecting due to the slight difference between the way the old and new system calculates accrued interest. The old system used to have to round to a whole pence per loan unit which could aggregate to cause fairly sizable variations from one payment to the next. The new system, which is retroactively applied for all outstanding payments, is calculated on merged loan units which are larger and to 20 decimal places so there is no longer that payment by payment variation. Over the lifetime of the loan the figures should be the same and throughout the duration of a loan a small amount more money than before will reside in lender accounts.
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ianj
Member of DD Central
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Post by ianj on Oct 24, 2014 6:54:15 GMT
Is this update supposed to be complete? I'm currently at approx 2% of what it was before the total was zeroised!
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Post by Jack Barlow on Oct 24, 2014 7:09:39 GMT
Not yet.
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Post by Ton ⓉⓞⓃ on Oct 24, 2014 7:19:47 GMT
Is this update supposed to be complete? I'm currently at approx 2% of what it was before the total was zeroised! Is this working yet? My accrued interest amount from two days ago was 25 times what it is today. As a quick check, shouldn't the amount shown equal half my monthly interest payment? So with a average rate of 11% it should be about 0.11 * invested /12 /2 ? if so, then it's 1/14 of what it should be. I'm in a similar situation too guys, Out by about 20-25 times. It doesn't show my total as you seem to say here, Yes. When the work is finished tomorrow it should show everything that the system believes you are owed. I see to have about one days' interest on all loans.
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Post by Ton ⓉⓞⓃ on Oct 24, 2014 7:24:18 GMT
Oh, I thought yours was working yesterday? Is yours out too?
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Post by Jack Barlow on Oct 24, 2014 7:50:43 GMT
Oh, I thought yours was working yesterday? Is yours out too? It was working for the first part of the calculation (the interest accrued since launch of the new website up to the start of yesterday i.e. 2 days worth) but still checking the calculated historical pre-launch accrued interest figures before it gets added to the displayed figure. Chris will wave a green flag here when he thinks all is displayed as it should be.
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Post by johnny on Oct 24, 2014 9:26:30 GMT
Oh, I thought yours was working yesterday? Is yours out too? I have lost interest in my lost interest. I will monitor the thread so I will know when its safe to look 
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Post by yorkshireman on Oct 24, 2014 9:33:33 GMT
Oh, I thought yours was working yesterday? Is yours out too? I have lost interest in my lost interest. I will monitor the thread so I will know when its safe to look Hear Hear!
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Post by yorkshireman on Oct 24, 2014 9:41:40 GMT
it should show everything that the system believes you are owed. Mmmm that's all well and good but will we be able to believe the system? 
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jonno
Member of DD Central
nil satis nisi optimum
Posts: 2,808
Likes: 3,242
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Post by jonno on Oct 24, 2014 9:52:00 GMT
What I'm really struggling to understand is how are the 000's of investors on AC who don't use this forum reacting to this? I haven't received any separate communications re this issue,and as far as I know there isn't any global statement covering it. So are AC being bombarded (overwhelmed) by investor enquiries?
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oldgrumpy
Member of DD Central
Posts: 5,087
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Post by oldgrumpy on Oct 24, 2014 10:29:22 GMT
There have been plenty of concerned questions on individual loan Q&As. For some reason AC has not seen fit to actually put a notice on all dashboards (as suggested days ago) that the situation has occurred and they are dealing with it.
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Post by notaclue on Oct 24, 2014 12:07:19 GMT
I've just spent an hour and a half convincing Barclaycard they have overcharged me on interest and now Assetz has lost my interest (for the time being).
I need a lie down
Edit: Ha - its back
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Post by chris on Oct 24, 2014 12:07:20 GMT
The accrued interest calculation is now live on the site. I'm going through my own figures now to make sure that what is displayed matches what is calculated behind the scenes. I've just picked up on the figure being rounded to nearest rather than rounded down so that's one potential issue that will be addressed later this afternoon, but that shouldn't affect the figure by more than 1p on any given display.
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unmadem
Member of DD Central
Posts: 377
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Post by unmadem on Oct 24, 2014 12:13:45 GMT
The accrued interest calculation is now live on the site. I'm going through my own figures now to make sure that what is displayed matches what is calculated behind the scenes. I've just picked up on the figure being rounded to nearest rather than rounded down so that's one potential issue that will be addressed later this afternoon, but that shouldn't affect the figure by more than 1p on any given display. It is probably the same issue but spotted that the figure for accrued interest on screen is different from that on the export.
screen 0.09, loan book export 0.1, actual 0.09782.........
(there has been suggestion on another thread that number of decimal places on export be increased to be consistent with statement export)
Edit - you can get the actual figure by hovering over the accrued interest figure.
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Post by chris on Oct 24, 2014 12:15:03 GMT
The accrued interest calculation is now live on the site. I'm going through my own figures now to make sure that what is displayed matches what is calculated behind the scenes. I've just picked up on the figure being rounded to nearest rather than rounded down so that's one potential issue that will be addressed later this afternoon, but that shouldn't affect the figure by more than 1p on any given display. It is probably the same issue but spotted that the figure for accrued interest on screen is different from that on the export.
screen 0.09, loan book export 0.1, actual 0.09782.........
(there has been suggestion on another thread that number of decimal places on export be increased to be consistent with statement export)
Very much looks like a display issue - I've forwarded this on to the front end developers to look in to.
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