ilmoro
Member of DD Central
'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 Jan 26, 2021 10:38:00 GMT
Approx 1.3% of my GBBA2 loans sold last night presumably into the access accounts. Two questions if I may- am I correct in assuming you have a withdrawal instruction on the account or is this just AC autoworkers? Which specific loans?
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ian
Posts: 342
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Post by ian on Jan 26, 2021 12:48:25 GMT
Approx 1.3% of my GBBA2 loans sold last night presumably into the access accounts. Two questions if I may- am I correct in assuming you have a withdrawal instruction on the account or is this just AC autoworkers? Which specific loans? When AC closed the GBBA everything went to auto withdrawal ... redeemed loans & interest credit your cash account based on your actual holding. Loan parts are also periodically sold, presumably to the access accounts, as part of the process of closing the GBBAs and transferring all non manual lending to the access accounts. The loans sold were .... 680, 800, 793, 919, 1069, 1160
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Post by elephantrosie on Jan 26, 2021 19:18:48 GMT
am i right that there is no withdrawal fees from either IFISA or non-IFISA accounts?
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Post by elephantrosie on Jan 26, 2021 19:23:23 GMT
Also where can i find my IFISA account number?
Cheers
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dead-money
Rocket to the Moon
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Post by dead-money on Jan 26, 2021 19:49:28 GMT
Also where can i find my IFISA account number? Cheers No cost for withdrawals or transfers; but you do have to have liquidated your loan holdings into the IFISA Cash account.
Go to the Deposit Funds menu , One-off deposit; that lists all the relevant account numbers.
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Post by elephantrosie on Jan 27, 2021 13:24:28 GMT
Also where can i find my IFISA account number? Cheers No cost for withdrawals or transfers; but you do have to have liquidated your loan holdings into the IFISA Cash account.
Go to the Deposit Funds menu , One-off deposit; that lists all the relevant account numbers.
fpund it thanks!
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Post by giammy on Jan 29, 2021 16:30:34 GMT
Did Assetz write that if there would have been a Brexit deal, then they would have increased the speed of withdrawals in January?
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Post by oppsididitagain on Jan 29, 2021 16:57:01 GMT
I dont know, but they have just sent out an E mail stating AA withdrawals will increase this weekend
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ashtondav
Member of DD Central
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Post by ashtondav on Jan 29, 2021 16:58:05 GMT
Did Assetz write that if there would have been a Brexit deal, then they would have increased the speed of withdrawals in January? Email just received saying speed of withdrawal increased
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ceejay
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Post by ceejay on Jan 29, 2021 18:14:51 GMT
With circa £44m of cash held in the circa £208m AAs portfolio, as of about 17:30pm today, it’s not surprising that the a sluice gate is finally being opened. It may be a little premature to describe this as a sluice gate being opened. But a large bucketful is a good start.
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blender
Member of DD Central
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Post by blender on Jan 30, 2021 9:26:19 GMT
In the circumstances where the country is still in lockdown and the economy screwed after nearly a year, and while some other p2p turn their backs to retail members, I think AC have done pretty well. Liquidity has been maintained well on the MLA, liquidity is substantially improved on the Access Accounts, capital value of the Access accounts has been pretty much restored, and there is a schedule for the removal of the lender fee. The commitment to the retail lender has been well demonstrated, imo.
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dead-money
Rocket to the Moon
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Post by dead-money on Jan 30, 2021 9:45:35 GMT
The missing piece is having a pipeline of new loans for retail investors, otherwise it's a shrinking pool of increasingly polluted water.
I'm transferring out cash as my AA and MLA holdings repay, as I'm not comfortable with the diminishing diversification. (Good loans repay, bad loans trundle on forever)
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ian
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Post by ian on Jan 30, 2021 13:26:05 GMT
Overnight there was a payout of £1039.32 per £10K in each AA
Cash in Access Accounts is now 17.46%, down from 20.32% on 24 Jan.
I recognise I’m on dangerous ground here 😀 (thanks as always for your info cb25) However something doesn’t add up in the numbers. If there is a payout of marginally over 10% then wouldnt one expect £20m to have been distributed given there is £200m in the access account. Does that indicate £10m was reinvested  Does that mean there should be another distribution of this scale in order to repatriate £20m
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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
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Post by ilmoro on Jan 30, 2021 13:35:10 GMT
Overnight there was a payout of £1039.32 per £10K in each AA
Cash in Access Accounts is now 17.46%, down from 20.32% on 24 Jan.
I recognise I’m on dangerous ground here 😀 (thanks as always for your info cb25) However something doesn’t add up in the numbers. If there is a payout of marginally over 10% then wouldnt one expect £20m to have been distributed given there is £200m in the access account. Does that indicate £10m was reinvested Does that mean there should be another distribution of this scale in order to repatriate £20m Distribution was only to those with a withdrawal so you could also conclude that only 50% of the AA (£100m) is subject to an active withdrawal request. Too many known unkowns to speculate.
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cb25
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Post by cb25 on Jan 30, 2021 13:43:10 GMT
I recognise I’m on dangerous ground here 😀 (thanks as always for your info cb25) However something doesn’t add up in the numbers. If there is a payout of marginally over 10% then wouldnt one expect £20m to have been distributed given there is £200m in the access account. Does that indicate £10m was reinvested Does that mean there should be another distribution of this scale in order to repatriate £20m Distribution was only to those with a withdrawal so you could also conclude that only 50% of the AA (£100m) is subject to an active withdrawal request. Too many known unkowns to speculate. ian I did notice that Deees 's post of "Free Cash Held (my understanding excludes provision fund which is accounted separately) reduced from about £44m to £34m" showed a much greater reduction than what I saw from my calculation of the Access Accounts free cash percentage (20.32% down to 17.46%)
Deees could you explain where your £10m figure came from please.
My figures were calculated as: -payout per £10K: from my QAA (as it's got the largest AA holding): payout x 10,000 / (payout + amount remaining invested)
-free cash percentages: downloaded my QAA loan holdings, then compared the sum of the your_total_holding against the amount shown as being in my QAA.
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Does that mean there should be another distribution of this scale in order to repatriate £20m