iann
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Post by iann on Jun 26, 2020 10:22:25 GMT
#621 has paid back £400k today. Looks like this has been distributed today.
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cb25
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Post by cb25 on Jun 26, 2020 11:39:11 GMT
#621 has paid back £400k today. Looks like this has been distributed today. I believe at around £7.31 per £10K invested
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cb25
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Post by cb25 on Jun 26, 2020 11:40:58 GMT
Loan #384 has been redeemed today, £1.05m  |
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Post by honda2ner on Jun 26, 2020 11:53:44 GMT
#791 update stating borrower requested redemption figure for 30/06/20. That's a 2 mill loan so good to see some proper numbers moving in the right direction.
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puddleduck
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Post by puddleduck on Jun 26, 2020 11:58:50 GMT
Loan #384 has been redeemed today, £1.05m Unfortunately the Access Account exposure to this one seems very low. Not sure we will see much of a repayment here.
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picnicman
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Post by picnicman on Jun 26, 2020 12:43:07 GMT
Loan #384 has been redeemed today, £1.05m Unfortunately the Access Account exposure to this one seems very low. Not sure we will see much of a repayment here. - if not a stupid question, how do you know this - I can see my holding but cannot see anything else?? Cheers P Whilst I have your attention (hopefully) I have been thinking about how in practice any repayments to AA holders might occur. My list so far 1. Natural repayment of loans 2. New funds being deposited into AA by either existing or new lenders 3. Reinvested monthly interest payments by existing lenders 4. Loans repaid as refinanced by CBILS 5. 2. might be affected by the new SM, however in the medium term, then the amount on withdrawal will reduce and mean bigger payouts for those withdrawing - ceteris paribus/all things being equal 6. Contributions (potentially) where 1. above has a shortfall from the PF - it has been mentioned by Stuart Law elsewhere that the PF is being topped up by additional interest received over that now being paid to investors in AA Just trying to get my head round the issue - so would be interested in any thoughts you have on the list or any additional sources not listed. Cheers P
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iann
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Post by iann on Jun 26, 2020 13:18:42 GMT
Loan #384 has been redeemed today, £1.05m Unfortunately the Access Account exposure to this one seems very low. Not sure we will see much of a repayment here. I reckon about 0.0048% exposure on each of my AAs
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cb25
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Post by cb25 on Jun 26, 2020 13:52:22 GMT
Loan #868 has repaid £224K today
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Mikeme
Member of DD Central
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Post by Mikeme on Jun 26, 2020 15:42:31 GMT
It's so good to see a steady stream of repayments. At the beginning of all of this I sold half of our MLA holdings at a discount in panic. Not because of of any worries about AC but because most of our eggs were in this basket.
AA accounts repayments have fallen but I think that in the long run because of that diversity and real asset security losses will not be vast. Compare AC to FS and FC. Glad I'm out of FC and losses with FS will be much higher.
Keep on going Stuart and the team.
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Post by oppsididitagain on Jun 26, 2020 15:46:08 GMT
Looks like this has been distributed today. I believe at around £7.31 per £10K invested At 10.20 today. I received £6.94 on 9.5K (AA) and £83.50 on 114K (30AA) Normal Acc 19.83. on just over 27K exposure ISA At 13.10 I received £2.19 on 9.5K and 26.43 on 114K. and £6.28 on the 27K in ISA I just wish AC was using this method for repayments from the start, instead of the 'you all get the same' regardless of investment
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puddleduck
Member of DD Central
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Post by puddleduck on Jun 26, 2020 16:05:11 GMT
Unfortunately the Access Account exposure to this one seems very low. Not sure we will see much of a repayment here. - if not a stupid question, how do you know this - I can see my holding but cannot see anything else?? Cheers P Whilst I have your attention (hopefully) I have been thinking about how in practice any repayments to AA holders might occur. My list so far 1. Natural repayment of loans 2. New funds being deposited into AA by either existing or new lenders 3. Reinvested monthly interest payments by existing lenders 4. Loans repaid as refinanced by CBILS 5. 2. might be affected by the new SM, however in the medium term, then the amount on withdrawal will reduce and mean bigger payouts for those withdrawing - ceteris paribus/all things being equal 6. Contributions (potentially) where 1. above has a shortfall from the PF - it has been mentioned by Stuart Law elsewhere that the PF is being topped up by additional interest received over that now being paid to investors in AA Just trying to get my head round the issue - so would be interested in any thoughts you have on the list or any additional sources not listed. Cheers P Go to MLA, browse loans, then type 384 into the search box. When the loan comes up, go to the right hand side and look at 'your holdings' and you'll see a listing of the holdings in each Access account. You can have a look at the 'Principal remaining' figure at the top and then work out how much %wise the AAs hold of that particularly loan. I think you pretty much covered all the funding sources - regarding point 5 I see the SM being a potentially excellent source of new money coming into the platform, although for the time being redemptions are going to be the main source of any access withdrawal payments.
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cb25
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Post by cb25 on Jun 29, 2020 7:54:26 GMT
Loan #1273 has repaid £123K
Edit: would be positive for Lenders if it wasn't that the Borrower was due £205K tranche drawdown (see Tranche 4 Credit Report of 23/6/2020).
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Post by turton on Jun 29, 2020 8:09:05 GMT
#1136 paid off as well, £400k
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Post by Ton ⓉⓞⓃ on Jun 30, 2020 9:24:22 GMT
Loan #1273 has repaid £123K
Edit: would be positive for Lenders if it wasn't that the Borrower was due £205K tranche drawdown (see Tranche 4 Credit Report of 23/6/2020).
Some of that £205k must surely be coming from the £15mm HMT/HMRC funding line. So I'd say some good news.
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cb25
Posts: 3,528
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Post by cb25 on Jun 30, 2020 9:31:08 GMT
Loan #1273 has repaid £123K
Edit: would be positive for Lenders if it wasn't that the Borrower was due £205K tranche drawdown (see Tranche 4 Credit Report of 23/6/2020).
Some of that £205k must surely be coming from the £15mm HMT/HMRC funding line. So I'd say some good news.
I'm guessing we funded at least some of the tranche drawdown because my AA holdings in this loan have increased since yesterday (happened to note them down to see the effect of any distribution to lenders).
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