blender
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Post by blender on Aug 25, 2020 7:29:24 GMT
Yes, I should not have used the word 'sell' in the context of withdrawals which are funded by repayments. The model for these processes is quite complicated, especially when you add in the re-invested interest resulting in a sale/purchase at best discount offered.
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Mikeme
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Post by Mikeme on Aug 27, 2020 7:57:21 GMT
Loan #1276 has repaid £362K, awaiting distribution What happens to distributions when one has a withdrawal request at a discount?
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cb25
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Post by cb25 on Aug 27, 2020 7:58:16 GMT
Loan #1276 has repaid £362K, awaiting distribution What happens to distributions when one has a withdrawal request at a discount? Sorry, don't know.
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Mikeme
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Post by Mikeme on Aug 27, 2020 8:05:15 GMT
What happens to distributions when one has a withdrawal request at a discount? Sorry, don't know. While its not a lot of money on the small amounts of distribution for an individual they would make a reasonable sum of the total. I hope they are not made at the discounted price. Chris?
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Post by Ace on Aug 27, 2020 8:05:17 GMT
Loan #1276 has repaid £362K, awaiting distribution What happens to distributions when one has a withdrawal request at a discount? The withdrawal request doesn't change the distribution.
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maotw
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Post by maotw on Aug 27, 2020 8:33:04 GMT
What happens to distributions when one has a withdrawal request at a discount? The withdrawal request doesn't change the distribution. Might be prudent to run with a £10/par instruction always set. (If you're looking for the par-doorway)
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garfield
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Post by garfield on Aug 27, 2020 9:00:14 GMT
Loan #1276 has repaid £362K, awaiting distribution What happens to distributions when one has a withdrawal request at a discount? I have found it's applied to the earliest instruction, whether at par or not. Either way this is fine as you are then not having to sell at a discount.
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mogish
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Post by mogish on Aug 27, 2020 13:14:48 GMT
Just moved funds from 90 day account to QAA. I have placed some funds for sale at a discount and the balance is sitting in the QAA.
Dave39 post from a search suggested that once cash is placed for sale then it will not benefit from repayments.
Is this in fact the case and only cash marked as withdraw (but not on the market) will recieve repayments?
Apologies if this has already been answered.
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garfield
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Post by garfield on Aug 27, 2020 13:21:40 GMT
Just moved funds from 90 day account to QAA. I have placed some funds for sale at a discount and the balance is sitting in the QAA. Dave39 post from a search suggested that once cash is placed for sale then it will not benefit from repayments. Is this in fact the case and only cash marked as withdraw (but not on the market) will recieve repayments? Apologies if this has already been answered. You will ONLY get repayments if you have some holdings up for sale. The amount you receive is proportional to the total held in the QAA as I see it.
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cb25
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Post by cb25 on Aug 27, 2020 13:23:42 GMT
Loan #1276 has repaid £362K, awaiting distribution
Edit: now showing as Paid on the Repayments tab, so guess MLA holders will have their money
Same loan repaid another £245K.
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Post by honda2ner on Aug 27, 2020 19:32:44 GMT
Just moved funds from 90 day account to QAA. I have placed some funds for sale at a discount and the balance is sitting in the QAA. Dave39 post from a search suggested that once cash is placed for sale then it will not benefit from repayments. Is this in fact the case and only cash marked as withdraw (but not on the market) will recieve repayments? Apologies if this has already been answered. Discounted funds still get repayments. Click on any text inside the Marketplace Instructions and it should pop up a table showing the live withdrawal request you have, under that is a history list which should show regular repayments (at par and discounted). Repayments show up at 0% discount and sales to other Lenders show up at your discounted rate.
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Post by davee39 on Aug 27, 2020 20:01:50 GMT
Just to clarify.
Any withdrawal request still gets repayments.
Cash to withdraw (without a discount) is still on the market - it is just waiting for a match with a buyer at zero discount. Although it might be a long wait.
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blender
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Post by blender on Aug 28, 2020 9:07:11 GMT
There has been a payout of £2.30 per £10K in each AA 
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cb25
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Post by cb25 on Aug 28, 2020 9:17:25 GMT
There has been a payout of £2.30 per £10K in each AA More importantly perhaps - discount rates seem to be dropping ( see post by bradley02), so those who wish to exit quicker will be slightly better off.
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blender
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Post by blender on Aug 28, 2020 9:27:00 GMT
More importantly perhaps - discount rates seem to be dropping ( see post by bradley02 ), so those who wish to exit quicker will be slightly better off. Better off by minus 8.2% at present. I think I'll keep taking the peanuts for now.
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