blender
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Post by blender on Jul 12, 2020 16:54:37 GMT
Jokes? Don't we have a thread for 'tricks'?
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puddleduck
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Post by puddleduck on Jul 13, 2020 17:43:41 GMT
Edit: and a payment of £8.83 per £10K invested in an Access Account from something else
#745 is the 'something else'
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iann
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Post by iann on Jul 14, 2020 10:43:53 GMT
Loan #880 (£35k) is pending distribution from 10th July, hopefully that should be any day now.
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puddleduck
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Post by puddleduck on Jul 15, 2020 13:26:09 GMT
#1276 has repaid £249k (to be distributed)
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iann
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Post by iann on Jul 20, 2020 13:39:08 GMT
Loan #775 has repaid £150K, but I don't see any AA distribution Just had a payout of £1.75 per £10K invested in an Access Account, may be from the above. Latest update seems to suggest that is happening today...
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iann
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Post by iann on Jul 20, 2020 21:54:20 GMT
Just had repayments of just short of £9.10 per £10K invested in each Access Account. Source unknown. I think it was loan #911 for about £632k
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puddleduck
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Post by puddleduck on Jul 22, 2020 8:19:24 GMT
#590 has repaid £727k (to be distributed) - the Access accounts are heavily invested in this loan so we should see quite a decent size repayment to withdrawal requests I think.
EDIT - This produced approx. £24.51 per 10k
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iann
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Post by iann on Jul 23, 2020 8:50:57 GMT
Loan #1080 redeemed in full (~£473k), yet to be distributed.
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benaj
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Post by benaj on Jul 23, 2020 11:21:10 GMT
Just had a payment of £6.75 per £10K in AAs It's almost like COVID stats in the UK.
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puddleduck
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Post by puddleduck on Jul 23, 2020 11:57:11 GMT
Loan #1080 redeemed in full (~£473k), yet to be distributed. I think this will produce a distribution of about £4.31 per 10k.... if my calculations and assumptions are correct!
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sapphire
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Post by sapphire on Jul 23, 2020 12:09:37 GMT
Is there any transparency of what percentage of a loan amount redeemed is distributed to AA lenders and what percentage is retained by AC for funding future tranches?
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mrsb
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Post by mrsb on Jul 23, 2020 13:49:56 GMT
Loan #1080 redeemed in full (~£473k), yet to be distributed. I think this will produce a distribution of about £4.31 per 10k.... if my calculations and assumptions are correct! Jemima, I'd love to know what your formula is for predicting payouts - does it back-calculate to getting anything like an approximation of queued withdrawals?
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puddleduck
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Post by puddleduck on Jul 23, 2020 14:51:45 GMT
I think this will produce a distribution of about £4.31 per 10k.... if my calculations and assumptions are correct! Jemima, I'd love to know what your formula is for predicting payouts - does it back-calculate to getting anything like an approximation of queued withdrawals? Too be honest, I don't think my formula works, I ended up under calculating!
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Post by highfire on Jul 23, 2020 14:55:01 GMT
Am imagining it would depend on what proportion of the loan was held by AAs and MLAs?
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Post by davee39 on Jul 23, 2020 19:50:53 GMT
The formula should be straightforward.
1) Take the total you hold in the loan in an ''Access?'' account
2) divide by total loan size
That gives you a factor to multiply your total holding to find cash returned.
However it does not work like that. For smaller loans nothing might be returned, allowing the cash part of the account to increase,
also larger loans might pay out less than expected if the cash is to be increased, or more than expected if the cash is to be decreased.
With protected accounts now paying derisory rates, an accessable account could look attractive and help restore normality.
The rush to the exit arose because no one wanted to be the last man standing in a steamy pile of ****.
The challenge to Assetz is whether they can devise a new product which will attract confidence and allow for cash to flow back into Access.
12 Months at 4.5% perhaps, with a beefed up provision fund and ringfence and NO early access?
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