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Post by brightspark on Jul 7, 2020 20:06:38 GMT
I think the access account distributions have been frozen since Friday. I received nothing on Sat, Sun and Mon and so far today nothing. Which is an unusually long pause. Just had payments of £4.43 per £10K invested paid out on my Access Accounts
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jcb208
Member of DD Central
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Post by jcb208 on Jul 8, 2020 20:47:01 GMT
All these small repayments do not seem to bring my balance down as they seem to just cover the interest each month.This account is getting a joke now approaching 4 months since Covid 19 and no sizeable return of funds.Surely these accounts need to be renamed to some thing more appropriate
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chris1200
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Post by chris1200 on Jul 8, 2020 21:04:25 GMT
All these small repayments do not seem to bring my balance down as they seem to just cover the interest each month.This account is getting a joke now approaching 4 months since Covid 19 and no sizeable return of funds.Surely these accounts need to be renamed to some thing more appropriate The queue payments/repayments are separate from interest payments. The former does not 'cover' the latter. So your balance should be going down by the amount of the former (unless you are not withdrawing either or both of the former and latter).
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blender
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Post by blender on Jul 8, 2020 22:57:40 GMT
All these small repayments do not seem to bring my balance down as they seem to just cover the interest each month.This account is getting a joke now approaching 4 months since Covid 19 and no sizeable return of funds.Surely these accounts need to be renamed to some thing more appropriate It's the QAA balance that goes down. Go to Statements - Account Balances and plug in some dates to see the change in QAA balance. I agree about the names - though 'quick' is a relative term, as in 'the glaciers are quickly melting'.
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puddleduck
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Post by puddleduck on Jul 10, 2020 15:43:34 GMT
2 payments (#1098 and another loan repayment?) from AAs today, seems to have been £4.34 per £10K invested
The distribution was much less than £4.34 for me. £2.53 and £1.80 per 10k for me.
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Post by angel19 on Jul 10, 2020 16:40:25 GMT
£2.53 plus £1.80 equals......
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puddleduck
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Post by puddleduck on Jul 10, 2020 16:48:46 GMT
£2.53 plus £1.80 equals...... I assumed he meant per loan not total. But yeah, that makes sense.
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gmitz
Posts: 71
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Post by gmitz on Jul 11, 2020 11:17:36 GMT
I have just calculated that mine and my wife's 90 days QAA's have around 7% of missing holdings. That is to say, we don't have any holding for around 7% of the money we have currently in those accounts. Does anyone have any idea what could be the explanation for that? Stuart, Chris?
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iRobot
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Post by iRobot on Jul 11, 2020 11:43:50 GMT
gmitz re your comment "I have just calculated that mine and my wife's 90 days QAA's have around 7% of missing holdings. That is to say, we don't have any holding for around 7% of the money we have currently in those accounts. Does anyone have any idea what could be the explanation for that? Stuart, Chris?" in this thread
My QAA shows 6.54% of funds not in loans. Could be money that AC need for funding tranche drawdowns on existing development loans.
I've also calculated an 'uncommitted' 6.54%
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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
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Post by ilmoro on Jul 11, 2020 11:51:13 GMT
gmitz re your comment "I have just calculated that mine and my wife's 90 days QAA's have around 7% of missing holdings. That is to say, we don't have any holding for around 7% of the money we have currently in those accounts. Does anyone have any idea what could be the explanation for that? Stuart, Chris?" in this thread
My QAA shows 6.54% of funds not in loans. Could be money that AC need for funding tranche drawdowns on existing development loans.
Same as its always been, AA have always contained uninvested cash to provide liquidity in normal conditions, both to allow withdrawals & funds tranches. Given that that is what AC are working towards returning to, the account will be looking to build up the cash buffer. If there wasnt a large demand to exit and uncertainty about future in/out flows due to forbearance/economy then the account appears to be at levels where it could operate normally.
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gmitz
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Post by gmitz on Jul 11, 2020 11:59:38 GMT
Thanks for the explanation, it make sense since the cash account doesn't provide that facility any more.
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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
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Post by ilmoro on Jul 11, 2020 12:24:58 GMT
Thanks for the explanation, it make sense since the cash account doesn't provide that facility any more. AIUI Cash swept from the cash account etc was part of the AA like direct invested cash and would have been held in the same proportions between loans & cash as other funds in the AA. Obviously for the sweep function to work correctly the liquid cash buffer was a necessity to provide the instant access hence it was removed when abnormal conditions began and it will probably be the last element of the system to be reinstated.
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puddleduck
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Post by puddleduck on Jul 12, 2020 10:26:22 GMT
I've just noticed that 'remaining amount' of a pending withdrawal has vanished.
This was quite useful as you could see how much had paid back to date from a withdrawal request.
Possibly Assetz are redesigning the page so they can make space to show any discounts for the upcoming discounted secondary market.
EDIT - 'remaining amount' is back again
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Post by gravitykillz on Jul 12, 2020 14:09:30 GMT
I keep hearing about this secondary market.
Any news of the official launch date.
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Post by honda2ner on Jul 12, 2020 16:44:00 GMT
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