dead-money
Rocket to the Moon
Posts: 747
Likes: 656
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Post by dead-money on Jul 27, 2020 15:34:43 GMT
It's not the occasional size of the granules that matters - it's the supervision of the process. I'm appreciative. Me too. Thank you to those providing the updates. Sadly, seems to be a long slow march of 10,000 steps!
I still have 95% of access accounts money awaiting withdrawal after four months.
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Post by Harland Kearney on Jul 27, 2020 16:45:03 GMT
Me too. Thank you to those providing the updates. Sadly, seems to be a long slow march of 10,000 steps!
I still have 95% of access accounts money awaiting withdrawal after four months. The awaiting SM likely has alot to do with this. Plus pro-rate dis. For me I'm going to always keep a small amount of funds invested in AC accounts. However, right now if I want to withdraw some, I might as well put in a withdrawal for all.I'm not even sure if the pro-rata is done by the amount requested for withdrawal, or the amount you have invested. If users know this or don't doesnt' matter, they will withdrawal all if its not clear to be on the safe side for repayments.
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dead-money
Rocket to the Moon
Posts: 747
Likes: 656
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Post by dead-money on Jul 27, 2020 16:47:53 GMT
Sadly, seems to be a long slow march of 10,000 steps!
I still have 95% of access accounts money awaiting withdrawal after four months. The awaiting SM likely has alot to do with this. Plus pro-rate dis. For me I'm going to always keep a small amount of funds invested in AC accounts. However, right now if I want to withdraw some, I might as well put in a withdrawal for all.I'm not even sure if the pro-rata is done by the amount requested for withdrawal, or the amount you have invested. Wheather users know this or not doesnt' matter, they will withdrawal all if its not clear to be on the safe side for repayments. Pro-Rata is by amount invested currently.
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Post by Harland Kearney on Jul 27, 2020 16:49:38 GMT
I see, thanks for clearing that up. I was under that impression, but you can see why all these things are not helping the "queue" size.
Once SM is up, I think that soultion is far better than a mindless queue for the ages!
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rscal
Posts: 985
Likes: 537
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Post by rscal on Jul 29, 2020 20:08:25 GMT
Wonder when we will get a new update from Assetz? (it's been a while now)
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iRobot
Member of DD Central
Posts: 1,680
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Post by iRobot on Jul 29, 2020 20:54:02 GMT
My money's on:
July Lender Bulletin - Friday, 31st July at 17:46
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Post by Ace on Jul 29, 2020 21:30:33 GMT
Hopefully to be accompanied by the announcement of the opening of the Access Account Secondary Market.
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iann
Posts: 105
Likes: 86
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Post by iann on Jul 30, 2020 7:57:14 GMT
Loan #761 for £684k has been received, yet to be distributed.
Edit: not much AA exposure from what I can see.
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iann
Posts: 105
Likes: 86
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Post by iann on Jul 31, 2020 7:31:27 GMT
Loan #593, £712k received, not yet distributed.
Reasonable exposure on AA from what I can see.
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iRobot
Member of DD Central
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Likes: 2,477
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Post by iRobot on Jul 31, 2020 20:21:56 GMT
My money's on: July Lender Bulletin - Friday, 31st July at 17:46 OK - wasn't part of the bulletin and I was early by nearly four hours ... but other than that, I was spot on!   Update email here
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iann
Posts: 105
Likes: 86
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Post by iann on Aug 3, 2020 8:31:12 GMT
Loan #578 has repaid £147K, awaiting distribution
Loan #848 has been redeemed, £4.621M, awaiting distribution
Loan #959 has been redeemed, £338K, awaiting distribution
Loan #1053 has repaid £160K, awaiting distribution
Loan #1268 has repaid £817K, awaiting distribution
Total £6.083M 
I presume we will have to wait for transactions to be re-enabled following the SM introduction for the distributions to happen and be accessible.
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dead-money
Rocket to the Moon
Posts: 747
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Post by dead-money on Aug 3, 2020 19:59:04 GMT
A restriction on 'trading' implies no withdrawal or invest actions, hence the buttons greyed out.
I don't see that that precludes AC from making interest payments and distributions of capital repaid, but we shall wait and see.
But, got a decent chunk of money dropped into my MLA account today from #848 looking for a new home ;-)
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agent69
Member of DD Central
Posts: 6,053 
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Post by agent69 on Aug 4, 2020 8:45:19 GMT
Loan #578 has repaid £147K, awaiting distribution
Loan #848 has been redeemed, £4.621M, awaiting distribution
Loan #959 has been redeemed, £338K, awaiting distribution
Loan #1053 has repaid £160K, awaiting distribution
Loan #1268 has repaid £817K, awaiting distribution
Total £6.083M
848 was one of my (I assume everyones) largest holding in the QAA, so hopefully it will translate into a decent repayment.
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Post by amassivezebra on Aug 4, 2020 10:26:08 GMT
Loan #578 has repaid £147K, awaiting distribution
Loan #848 has been redeemed, £4.621M, awaiting distribution
Loan #959 has been redeemed, £338K, awaiting distribution
Loan #1053 has repaid £160K, awaiting distribution
Loan #1268 has repaid £817K, awaiting distribution
Total £6.083M
Is it possible to calculate the estimated payout on these per 10k invested in the AA? At first sight, it looks like we could be in line for one of the biggest payouts since instant repayment was withdrawn.
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SteveT
Member of DD Central
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Post by SteveT on Aug 4, 2020 10:27:28 GMT
Assetz took £70,000 money from our cash account without our permission and so called invested it on QAA on many bad lawns. Now they are changing the QAA to market place meaning that we have to sell the lawns to get our money back but we can't sell the lawns that the treading have been suspended on them !! How could Assetz invest our money on suspended lawns??? Suspended means suspended! If that were true, you'd have strong grounds for complaint & redress. However, I strongly suspect you actually had opted to enable the "Invest Idle Funds" feature which swept your idle cash into the QAA for investment. I dare say that Assetz will have a record of the date and time that the "Invest Idle Funds" instruction was enabled on your Cash account.
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