sl75
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Post by sl75 on Dec 9, 2019 11:41:24 GMT
There seems to be a problem with the "edit instruction" functionality.
Previously the existing instruction was a link to a a pop-up that allowed an existing instruction to be paused or replaced with another instruction without opening each individual loan page.
On the "Upcoming loans" page, this link is still present but doesn't seem to work.
On the main "Browse loans" page, clicking on the existing instruction just opens the full loans page - the specific link to allow an existing instruction to be paused or modified has been removed completely.
Would like to go through most of my existing instructions asking to buy additional amounts at 1.0% discount and change them to 0.5% discount and perhaps a different £ amount, but there's no way I'm opening each individual loan page to do so, so would appreciate at least the old functionality back, or even better a proper "edit several instructions" tool as previously suggested a few weeks ago via customer services.
Given the better info regarding risk, I may also be doing a wholesale re-organisation of buying and selling instructions, but again this will have to wait until either there's a quick tool to go through and update my instructions on all the relevant loans, or I've got several spare hours to open each individual loan page.
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Post by chris on Dec 9, 2019 11:44:30 GMT
sl75 - there's some UX improvements to be made in that area, so all feedback is welcome.
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sl75
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Post by sl75 on Dec 11, 2019 9:10:21 GMT
sl75 - there's some UX improvements to be made in that area, so all feedback is welcome. "Edit instruction" link is now back and working. Thanks!
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sl75
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Post by sl75 on Dec 11, 2019 9:28:43 GMT
I think the logic of when to pause instructions needs some work... I had the rather bizarre experience of having a BUYING instruction paused because the risk had IMPROVED from "Medium Low" to "Low". I would have expected such automatic pausing of a BUYING instruction to occur only if the risk had WORSENED since the buying instruction was created. Certainly highlight it for me to review if I want to buy MORE given the lower risk and otherwise identical terms, but I can't conceive of a circumstance where I'd say "actually I don't want that any more now the risk is lower".
Since the new system, it's not automatically paused any selling instructions of mine, so I don't know whether they're paused in the same cases.
Similarly, if a SELLING instruction has been given and the risk has WORSENED, it's reasonable to assume that the seller would be even more enthusiastic about trying to sell rather than wanting to change their mind and not sell after all, and that a seller would only plausibly want their SELLING instruction automatically paused if the situation has IMPROVED (although even that is marginal - depending on reasons for selling, "I want to sell regardless of any subsequent changes in risk etc." does not seem unreasonable, but again, I can't conceive of a circumstance where I'd say "actually I'd rather not sell now that the risk has got higher".
Anyone else got thoughts on this, and/or can conceive of a circumstance where the behaviour of pausing (rather than merely highlighting) a buying instruction when risk has improved or a selling instruction when risk has worsened could ever be useful?
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Post by chris on Dec 11, 2019 9:59:06 GMT
sl75 - For now we do not want to assume any strategy or intent from the lenders, so there's a pause on any material change for lenders to review what they want to do. A seller may want to sell more, or adjust the discount, just as a buyer may want to adjust their intent when buying into the loan in an improving situation. In time we'll add tools to signal intent in advance, but we need to understand demand of such features and general lender behaviour before committing to the long term solution.
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sl75
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Post by sl75 on Dec 11, 2019 10:20:40 GMT
sl75 - For now we do not want to assume any strategy or intent from the lenders, so there's a pause on any material change for lenders to review what they want to do. A seller may want to sell more, or adjust the discount, just as a buyer may want to adjust their intent when buying into the loan in an improving situation. In time we'll add tools to signal intent in advance, but we need to understand demand of such features and general lender behaviour before committing to the long term solution. Probably a debate to be had elsewhere, but I'd consider that the pre-conditions for any given buying instruction (both those which are explicitly selected by the buyer and those which are implicit in the loan state at the time the instruction is created) should generally be interpreted as having a "... or better".
e.g. "I'll buy at a 0.5% discount [or better], when this loan still has a risk rating of 'medium low' [or better], and an interest rate of 7.5% [or better]"
Assetz is already assuming a strategy or intent from the lenders when a buyer asks for a 0.5% discount and they give them a 1.0% discount (because that's what a seller offered).
The equivalent behaviour would be that if buyers are asking for a 0.5% discount, and a seller offers a 1.0% discount, the system would automatically pause all the buying instructions so that the buyers can review whether they want to accept this materially different discount. That seems to me totally at odds with any reasonable expectation of intent.
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Post by gramsky on Dec 11, 2019 11:06:59 GMT
Just realized and have this question: at what stage does the risk category for a pipeline loan get decided? If I want to adjust investments amounts in loans depending on the risk category I would need to know this information when the loan is at the bidding stage, otherwise I would need to make a bid assuming it is low risk and then sell a portion when the loan becomes live and a higher risk category is given.
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Post by gramsky on Dec 11, 2019 14:00:41 GMT
It would also have been useful if on the dashboard in the grey area representing the MLA there was some sort of meter/gauge to indicate the risk grade of our overall investment in the MLA. This could take into account the total amounts invested in each of the risk grades, average them out somehow and present the information as say a score measuring 1-100 (low-high) or a dial of some sort with colours ranging from light green, green, amber, orange to red.
Plus a total amount or percentage trapped in default loans.
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sl75
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Post by sl75 on Dec 12, 2019 18:37:45 GMT
sl75 - there's some UX improvements to be made in that area, so all feedback is welcome. With the "edit instruction" link back on the main list, I've now taken the plunge and revised all my buying and selling instructions both to complete a set of changes I'd been working towards over the last few weeks, and also to take into account the new "risk category" information. In part this was enabled by being able to add some more funds that have finally been released from a certain defunct platform.
It's also really good to finally be able to filter out all the suspended defaults from the list of loans.
It was also very gratifying to see that most of the instructions that could be acted upon had in fact been acted upon before I even finished entering them all (last time I did such a bulk edit, I watched the system gradually catch up during the following hours/days!)
A couple of minor niggles with the "edit instruction" function (these may have been present before, but doing such a large batch they became more noticeable) - after updating the page the "edit instruction" link isn't restored, so if I enter the wrong instruction and try to click it again to re-edit, it goes to the main loan page instead - after navigating off the main "browse loans" page (e.g. as above!) and using browser "back" button, all the edits to the instructions are lost from the list unless I fully refresh the page.
I look forward to further UX improvements that might possibly allow such a bulk edit to be completed in a few minutes, rather than something in the region of an hour.
One thought that occurred to me was that in less than the time it took to enter all those instructions manually, I could have knocked together a spreadsheet that would have generated the entire list of buying and selling instructions within seconds of pasting an up-to-date loan book.
Perhaps some kind of advanced mode could be created where a text or csv file can be prepared and either uploaded or pasted into an edit box... each line would contain a buy or sell instruction for a loan in a prescribed format. The current list of buying and selling instructions could be downloadable in the same format allowing for easy editing. In order to avoid a race condition, a "pause all" function could be added that would be activated before doing such a "bulk edit".
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rscal
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Post by rscal on Dec 13, 2019 12:03:07 GMT
Is the appearance of borrower fees (Arrangement'Monitoring/Exit) in the 'Repayments' a new change? I had not noticed b4 so I assume this must now be included for greater transparency.
[And a good thing to have sight of]
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Post by stuartassetzcapital on Dec 13, 2019 12:13:51 GMT
Yes I believe that is new.
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p2pmark
Member of DD Central
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Post by p2pmark on Dec 31, 2019 17:00:29 GMT
Can anybody tell me how to see the total interest received so far from my IFISA account?
Thanks
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TitoPuente
Member of DD Central
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Post by TitoPuente on Dec 31, 2019 21:16:26 GMT
Can anybody tell me how to see the total interest received so far from my IFISA account? Thanks Run a tax report with custom dates.
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Post by dan1 on Jan 29, 2020 12:10:35 GMT
I've just noticed that loan details now list the Borrower Rate as well as the Lender Rate. Is this new?
Not sure this info was available previously - happy to be corrected. Nice to see a relatively tight margin (don't want to give away specifics on an open thread).
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IFISAcava
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Post by IFISAcava on Jan 29, 2020 13:06:15 GMT
I've just noticed that loan details now list the Borrower Rate as well as the Lender Rate. Is this new? Not sure this info was available previously - happy to be corrected. Nice to see a relatively tight margin (don't want to give away specifics on an open thread). it's new - last day or 2 I think
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