zlb
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Post by zlb on Oct 28, 2019 18:54:30 GMT
So there is money showing but when you go to cashier and select withdrawal it just says deposits not allowed?
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rocky1
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Post by rocky1 on Oct 28, 2019 18:58:23 GMT
maybe busy sorting a few more interim payments. another day or two to withdraw will not hurt anybody.
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Post by mrclondon on Oct 28, 2019 18:59:07 GMT
Now need Lendy to turn the withdrawal tap on Hopefully they will send us an email to save having to keep logging in! So there is money showing but when you go to cashier and select withdrawal it just says deposits not allowed? The emailled pdf that the administrators sent last Friday I think makes it clear that withdrawals will be enabled at some (unspecified) future point, and that will be communicated to those that have passed AML checks when it happens:
"We will send a further update to investors whom have cleared the anti-money laundering checks to advise when the withdrawal facility is available. "
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chriscross
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Post by chriscross on Oct 28, 2019 19:20:46 GMT
I can confirm that I have just received available funds into my account of £1242.15 which equates to exactly 45.5% of the capital of £2,730.00 that I held of DFL012 - H******** Q****, Liverpool *********.
As expected withdrawal showing 'Until further notice we are unable to accept withdrawal requests.'
It's a start I guess, more than can be said for whatever's going on at COL..
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Post by billy169 on Oct 28, 2019 19:23:46 GMT
But didn't it sell for 60-65%.??
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Monetus
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Post by Monetus on Oct 28, 2019 19:24:16 GMT
But didn't it sell for 60-65%.?? Yep it did.
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travolta
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Post by travolta on Oct 28, 2019 19:26:38 GMT
erm, any ideas when my withdrawal button will work ....?
This money laundering wash is pretty poor, my item has shrunk.
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chriscross
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Post by chriscross on Oct 28, 2019 19:35:05 GMT
But didn't it sell for 60-65%.?? Yep it did. Thay are obviously holding some back for their pocket money as they stated that these are interim distributions with that very confident phrase "could be further distributions in respect of these loans".. Should we be holding our breath..
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zlb
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Post by zlb on Oct 28, 2019 19:39:21 GMT
Why are there new LPIDs being repaid? - note none of them appear as what were owned previously - indeed they are new (see below)
2463123
2455455
2454487
These are the LPIDs which were due repayment.
1074953
1178706
1491436
new loanparts created and listed as repaid without listing what I was owed:
2454487 DFL012R1 - redacted
2455455 DFL012R1 - redacted
2463123 DFL012R1 - redacted
I've not had 65% repayment.
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Oct 28, 2019 20:03:07 GMT
Why are there new LPIDs being repaid? - note none of them appear as what were owned previously - indeed they are new (see below)2463123 2455455 2454487 These are the LPIDs which were due repayment. 1074953 1178706 1491436 new loanparts created and listed as repaid without listing what I was owed: 2454487 DFL012R1 - redacted 2455455 DFL012R1 - redacted 2463123 DFL012R1 - redacted I've not had 65% repayment. That's the way the system works if IIRC, it creates a new loan part for a partial sale or repayment. It has never told you what your original holding was, just what's left. Why would you get 65%? That was the sum returned to Lendy from which costs & fees had to be deducted.
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zlb
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Post by zlb on Oct 28, 2019 20:28:49 GMT
Why are there new LPIDs being repaid? - note none of them appear as what were owned previously - indeed they are new (see below)2463123 2455455 2454487 These are the LPIDs which were due repayment. 1074953 1178706 1491436 new loanparts created and listed as repaid without listing what I was owed: 2454487 DFL012R1 - redacted 2455455 DFL012R1 - redacted 2463123 DFL012R1 - redacted I've not had 65% repayment. That's the way the system works if IIRC, it creates a new loan part for a partial sale or repayment. It has never told you what your original holding was, just what's left. Why would you get 65%? That was the sum returned to Lendy from which costs & fees had to be deducted. I'm simply adding to everyone else's statement or the prevailing discussion of not receiving 65%.
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Post by mrclondon on Oct 28, 2019 22:07:12 GMT
There is an important discussion of the wider implications of the 45% vs 65% taking place on the DFL012 thread on DD Central. I'd encourage all Lendy investors with access to DDC to have a read through this evening posts.
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Monetus
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Post by Monetus on Oct 28, 2019 22:18:01 GMT
Update:
Interim distributions for Loans:
DFL012 / 032 / 034 / 037 have been processed a short while ago.
Advisory update will follow tomorrow.
Withdrawals functionality will be reinstated from tomorrow onwards subject to individual Investors’s AML qualification.
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joe91
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Post by joe91 on Oct 28, 2019 22:24:13 GMT
.....Why would you get 65%? That was the sum returned to Lendy from which costs & fees had to be deducted. I may have missed something obvious, but why are we getting so much less than the 65% on DFL012, yet other loans (which I'm not in) are repaying nearly 100%? There is an important discussion of the wider implications of the 45% vs 65% taking place on the DFL012 thread on DD Central. I'd encourage all Lendy investors with access to DDC to have a read through this evening posts. This may be related? I don't have access to DDC. Can someone feedback please?
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Post by mrclondon on Oct 28, 2019 22:33:09 GMT
joe91 - the large deduction is as a result of the Lendy T&C's that we all agreed to when making loans on Lendy, and is evidenced by large deductions on recoveries of other defaulted loans earlier this year. Given DFL012 repaid (to Lendy) before the administration of Lendy, this should have been anticipated as a possibility/probability.
The other loans repaid today were not in default (or not in default for long ? there have been various extensions to these loans since Lendy went into admin)
The DDC discussion is of wider implications, and is not necessarily related to DFL012.
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