dead-money
Rocket to the Moon
Posts: 746
Likes: 654
|
Post by dead-money on Dec 8, 2019 12:39:10 GMT
Thread to discuss December 2019 Website changes;
Manual Lending Account Risk Categories - You can now filter for defaulted loans, and by AC assessment of risk category
Buy / Sell options & dropdowns - Options to trade in suspended loans removed, not that they worked any way. Now seems like amending an instruction requires a drilldown, delete and new instruction, rather than being integrated. Capital Valuation - Don't know what this column means... Paused Instructions tab - Related to Capital Re-valuations...
Anything else ?
Link to Explanation of Risk Categories
|
|
ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,329 
Likes: 11,549
|
Post by ilmoro on Dec 8, 2019 13:18:21 GMT
Thread to discuss December 2019 Website changes;
Manual Lending Account Risk Categories - You can now filter for defaulted loans, and by AC assessment of risk category
Buy / Sell options & dropdowns - Options to trade in suspended loans removed, not that they worked any way. Now seems like amending an instruction requires a drilldown, delete and new instruction, rather than being integrated. Capital Valuation - Don't know what this column means... Paused Instructions tab - Related to Capital Re-valuations...
Anything else ?
Security tab merged with overview so all loan info in one place Overview tab now split into 3 clear categories - loan, borrower, security
Investment side box now shows instructions above MLA holdings detail box
Provision fund statement on dashboard Investor categorisation now live (missing the investment in one unlisted company criteria which means new to P2P investors who would previously have been self-certified on some plaforms are now restricted if not HNW) Big explanatory page on definitions of defaults, risk, categorisation etc accessible from risk profile, icluding loan profile info which explains capital valution info
chris paused instructions doesnt show anything paused by AC - where is the quick way to review all paused instructions? Also cant list loans in order of risk as it sorts alphabetically so Default, High, Low, Medium, Medium-High, Medium-Low. Seems illogical. Simplest way round this would seem to be to add a number for each category so it ranks correctly but sure there is a more sophisticated way to achieve the same. Does there not need to be a more graduated discount applicable on the SM? - currently the only capital valuation discounted loan is .19% so selling at .5% actually underprices the loan.
|
|
dave
Member of DD Central
Posts: 86
Likes: 38
|
Post by dave on Dec 8, 2019 14:02:34 GMT
I had a quick look,
The "risk" column sorts alpabetically, not low ... high ... default
The interest rate on #327 is a bit precise 
|
|
ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,329
Likes: 11,549
|
Post by ilmoro on Dec 8, 2019 14:06:09 GMT
I had a quick look,
The "risk" column sorts alpabetically, not low ... high ... default
The interest rate on #327 is a bit precise
Ha, and you are likely to get precisely none of it I suspect, but maybe that 16th decimal place is the optimistic view 
Mucks all the first three columns up
|
|
rrrupert
Member of DD Central
Posts: 121
Likes: 99
|
Post by rrrupert on Dec 8, 2019 16:00:33 GMT
The minimum discount that can be set on the secondary market is now 0.5%. It used to be 1%.
The ability to sell/buy loans that are "monitoring" has been removed. I dont know if this means that monitoring loans will now trade like other loans or if they have become permanently tradeable.
I did sell a loan part in a monitoring loan half an hour ago but that was set up before the changes so it may just be a leftover instruction.
|
|
|
|
Post by gramsky on Dec 8, 2019 16:02:45 GMT
You can use the new filter to list the loans in each risk category.
|
|
corto
Member of DD Central
one-syllabistic
Posts: 851
Likes: 356
|
Post by corto on Dec 8, 2019 16:15:40 GMT
The ability to sell/buy loans that are "monitoring" has been removed. I dont know if this means that monitoring loans will now trade like other loans or if they have become permanently tradeable. Not sure what you mean. I still have the buttons (checked eg 761 or 209) and see no difference?
|
|
|
|
Post by gramsky on Dec 8, 2019 16:16:34 GMT
I think this is going to make a lot of lenders rethink their loan strategies.
I can see a lot of buying and selling in the near future as lenders make adjustments.
|
|
corto
Member of DD Central
one-syllabistic
Posts: 851
Likes: 356
|
Post by corto on Dec 8, 2019 16:35:38 GMT
I think this is going to make a lot of lenders rethink their loan strategies. I can see a lot of buying and selling in the near future as lenders make adjustments. Probably. It would make sense though to understand how they derive the categories - they seem to correlate with interest rates or LTV but less than perhaps expected. Unfortunately the flag does not show in the loan book to check correlations more quantitatively.
|
|
rrrupert
Member of DD Central
Posts: 121
Likes: 99
|
Post by rrrupert on Dec 8, 2019 17:00:52 GMT
The ability to sell/buy loans that are "monitoring" has been removed. I dont know if this means that monitoring loans will now trade like other loans or if they have become permanently tradeable. Not sure what you mean. I still have the buttons (checked eg 761 or 209) and see no difference? Previously if you wanted to sell a monitoring loan you needed to allow it in the sales settings. The default was to automatically pause instructions in the event of a monitoring event or subscription and you had to adjust this to continue trading in case of these events. This option has been removed. The same for buying loan parts on the secondary market.
|
|
dead-money
Rocket to the Moon
Posts: 746
Likes: 654
|
Post by dead-money on Dec 8, 2019 17:29:59 GMT
My impression is that trades in any paused / suspended / loan with an event haven't progressed ever, so the dropdown options to do so were somewhat mute and have thus being removed.
Reassuring that the Risk Category for all my MLA loans is Medium (albeit with sub-categories Low, Medium, High), which is inline with my own assessment :-)
|
|
|
|
Post by gramsky on Dec 8, 2019 19:39:28 GMT
"They will be updated during the life of the loan based on information obtained externally or from the borrower".
But does not state at what time intervals, therefore a low risk loan this week could become a high risk by next without anyone knowing for some considerable time by which time it is too late.
|
|
lobster
Member of DD Central
Posts: 636
Likes: 467
|
Post by lobster on Dec 9, 2019 8:22:01 GMT
Within the "repayments" section there is now something called "monitoring fee" (in addition to the normal "lender principal" and "lender interest" etc). So is the monitoring fee the charge that AC themselves make to the borrower ?
|
|
|
|
Post by chris on Dec 9, 2019 8:36:17 GMT
Within the "repayments" section there is now something called "monitoring fee" (in addition to the normal "lender principal" and "lender interest" etc). So is the monitoring fee the charge that AC themselves make to the borrower ? Yes, this is the fee we charge the borrower
|
|
|
|
Post by chris on Dec 9, 2019 10:58:54 GMT
The "risk" column sorts alpabetically, not low ... high ... default
This has been fixed
|
|
