chris1200
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Post by chris1200 on Aug 12, 2020 11:22:37 GMT
What is the definition of new lending I'm talking about new money coming in not returns from last month being lend to others perhaps I've misunderstood things. for me the graphs are rising up too quickly over the last 10 years to mean it's all down to interest received and regurgitated it's new incoming money Is it not?. I'm afraid you have misunderstood, mate - new lending is... well, new lending. Money that RS lends out to borrowers. It's nothing to do with money coming in - as I tried to explain repeatedly yesterday, you are confusing new/re-investment with new lending. But you didn't respond to me pointing this out and just continued to talk past it. Glad we've finally got to the bottom of at least one part of this!
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beagle
Investor in ratesetter, funding circle, lendy (lesson learnt) and AC
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Post by beagle on Aug 12, 2020 11:26:37 GMT
I am inclined to create the Thread Chris1200 & AJU We can call it CHAJU or AJRIS This way you can both debate with each other to your hearts content
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Greenwood2
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Post by Greenwood2 on Aug 12, 2020 11:29:19 GMT
Your not, this forum has taken a bizarre turn the last few days, I can only put it down to the heat Thank god - I feel like I've been talking to a brick wall the last few days I think you must be ... the graphs I gave you showed that new lending was increasing over the whole period up to march but became confused on the 1st graph so I narrowed the second to the lst 12 months and cliff edge sticks out like a sore thumb. They then show somewhat of a seemingly level state give or take a few ups and downs on some weeks of 100k (an estimate sadly) as I said. I'm not convinced there is that much new lending but hey I'm not working for RS and they don't reveal that least of all at the moment I'd think I haven;t check there monthly reports but they are a month out anyway. aju - Sorry, but what on earth are you going on about? You've just confirmed that the graphs "showed new lending". Yes RS do show how much new lending is happening - we see it in these very charts (as you've just said!) and on the monthly statistics. We know new lending is happening - it's been the basis of almost every post on here for weeks. All my point was was that, given this, it was bizarre for you to feel you had to go onto TP to try to find out if new lending was happening and then post about this uncertainty. Goodness me. But Greenwood2 thinks you're on the ball, so that's good enough for me! Always glad to be of service.
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chris1200
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Post by chris1200 on Aug 12, 2020 11:29:30 GMT
I am inclined to create the Thread Chris1200 & AJU We can call it CHAJU or AJRIS This way you can both debate with each other to your hearts content I genuinely feel like it isn't even a 'debate', though! It's like two people in parallel universes trying to have a conversation I think we need a daily post of "things established today" that are then used to continually progress knowledge forward, rather than receding back to re-hash things we already knew each day. But maybe that's just the academic in me... Edit: Also, 'chaju' is Korean for 'often' or 'frequently', which I think works pretty well here actually!
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littleoldlady
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Running down all platforms due to age
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Post by littleoldlady on Aug 12, 2020 11:34:05 GMT
"New Lending" is ambiguous. It could mean lending by RS or by investors. Strictly speaking, if it's p2p, RS can't do any lending, but I guess in common parlance since they do all the negotiating most people would assume it referred to them.
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chris1200
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Post by chris1200 on Aug 12, 2020 11:37:50 GMT
"New Lending" is ambiguous. It could mean lending by RS or by investors. Strictly speaking, if it's p2p, RS can't do any lending, but I guess in common parlance since they do all the negotiating most people would assume it referred to them. Whether you ascribe the lending as being done by RS or investors doesn't change the point - it's about the amount of money being lent out of the platform (rather than being added to the platform or being used to fund RYIs etc)
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Post by RateSetter on Aug 12, 2020 16:09:32 GMT
Good afternoon. Today we have delivered £0.4m. The full update is below:
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aju
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Post by aju on Aug 12, 2020 16:43:19 GMT
Not sure if its interesting as yet, chris1200 you may be interested, it's early days but its wed and at present the cumulative RYI now is 1.5m and last week at same time it was 2.3M. In addition the Lend-volume this week is 5.58M and last week at the same time it was 3.27M. Its early yet and the next 2 days might pick up the slack in RYI I guess. I have been tracking it in detail now since last monday 2/8 and its probably not going to show that much is my gut feel. The RYI daily did tail off last week rather than pick up after hitting 1.2m on tues.
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beagle
Investor in ratesetter, funding circle, lendy (lesson learnt) and AC
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Post by beagle on Aug 12, 2020 16:47:23 GMT
Not sure if its interesting as yet, chris1200 you may be interested, it's early days but its wed and at present the cumulative RYI now is 1.5m and last week at same time it was 2.3M. In addition the Lend-volume this week is 5.58M and last week at the same time it was 3.27M. Its early yet and the next 2 days might pick up the slack in RYI I guess. I have been tracking it in detail now since last monday 2/8 and its probably not going to show that much is my gut feel. I would not stress on the day by day. Lending is important for the loan book. As long they keep releasing overall and the PF holds its own (time will tell) then the rest is less important (to me). I think they need to be clear however, on the fact that all releases are essentially from the 5 year.
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chris1200
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Post by chris1200 on Aug 12, 2020 16:51:19 GMT
Not sure if its interesting as yet, chris1200 you may be interested, it's early days but its wed and at present the cumulative RYI now is 1.5m and last week at same time it was 2.3M. In addition the Lend-volume this week is 5.58M and last week at the same time it was 3.27M. Its early yet and the next 2 days might pick up the slack in RYI I guess. I have been tracking it in detail now since last monday 2/8 and its probably not going to show that much is my gut feel. The RYI daily did tail off last week rather than pick up after hitting 1.2m on tues. What are you hoping to show with tracking these figures?
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aju
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Post by aju on Aug 12, 2020 16:55:16 GMT
Not sure if its interesting as yet, chris1200 you may be interested, it's early days but its wed and at present the cumulative RYI now is 1.5m and last week at same time it was 2.3M. In addition the Lend-volume this week is 5.58M and last week at the same time it was 3.27M. Its early yet and the next 2 days might pick up the slack in RYI I guess. I have been tracking it in detail now since last monday 2/8 and its probably not going to show that much is my gut feel. I would not stress on the day by day. Lending is important for the loan book. As long they keep releasing overall and the PF holds its own (time will tell) then the rest is less important (to me). I think they need to be clear however, on the fact that all releases are essentially from the 5 year. Its not really a stress as such and you are so right about the amount of records I've got so far, I did it primarily to see the difference of the overnights when RS wasn't doing sales runs. I'm not sure it will show that much it just seems different this last couple of weeks. I'm not sure RS has ever been that clear, to be fair they don;t want us to know too much for fear it sparks even more of a wave than we already have. I'm pretty certain our position in the Access means we won't get those sales before the loans have completed. RS probably won't exist by then as we know it anyway. Perhaps its just the effect of more people cancelling their sales who knows.
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aju
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Post by aju on Aug 12, 2020 17:00:58 GMT
Not sure if its interesting as yet, chris1200 you may be interested, it's early days but its wed and at present the cumulative RYI now is 1.5m and last week at same time it was 2.3M. In addition the Lend-volume this week is 5.58M and last week at the same time it was 3.27M. Its early yet and the next 2 days might pick up the slack in RYI I guess. I have been tracking it in detail now since last monday 2/8 and its probably not going to show that much is my gut feel. The RYI daily did tail off last week rather than pick up after hitting 1.2m on tues. What are you hoping to show with tracking these figures? Oh I dunno it was that I could track it, it takes seconds to record once in the morning and once in the evening who knows what it might show. As I said I was primarily looking at it from a perspective how much is being processed overnight as opposed to during the day but I've added things in since. It probably stems from your comment a couple of weeks back when I showed the tables of LV and RYI and trying to check if RS were fulfilling their, well Rhidian Lewis to be fair, commitment to 50% RYI. Looks to me like it might be failing but who knows. Besides I love data in all ts glory ...
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chris1200
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Post by chris1200 on Aug 12, 2020 17:04:40 GMT
It probably stems from your comment a couple of weeks back when I showed the tables of LV and RYI and trying to check if RS were fulfilling their, well Rhidian Lewis to be fair, commitment to 50% RYI. Looks to me like it might be failing but who knows. As I'm sure I commented at the time, the debate on here has been more about the A/P/M market specifically - in which we already know for a fact that there is nothing like a 50:50 split between RYI processing and new lending. In fact, it's looked rather closer to 0:100 recently. Even if it were 50:50 across the whole business, this is useless for A/P/M investors. That's the point I and others have been making. Only per-market figures are relevant here.
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aju
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Post by aju on Aug 12, 2020 17:52:27 GMT
It probably stems from your comment a couple of weeks back when I showed the tables of LV and RYI and trying to check if RS were fulfilling their, well Rhidian Lewis to be fair, commitment to 50% RYI. Looks to me like it might be failing but who knows. As I'm sure I commented at the time, the debate on here has been more about the A/P/M market specifically - in which we already know for a fact that there is nothing like a 50:50 split between RYI processing and new lending. In fact, it's looked rather closer to 0:100 recently. Even if it were 50:50 across the whole business, this is useless for A/P/M investors. That's the point I and others have been making. Only per-market figures are relevant here. Have you considered asking a direct question of RS for breakdown of per market figures perhaps they can help as its a safe bet I can't as I don't have a clue how they are split internally I just have a feeling that APM markets were probably going to be the biggest utilised as to be honest without using the ratesetting capabilities of all the products one just gets what RS proffers at the time. The 50;50 is all you are going to get, if you want more you could try sending Mr Lewis an eMail its his statement he might take pity and offer some glorious snippets that might help or he will ask someone to help. I doubt RS wil offer it up but hey nothing ventured nothing gained always seems to work for me. I understand your concerns I really do but sadly the only way you are going to get the answers you are looking for is to go to the mountain for want of a better term, its certainly isn't coming to you.
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chris1200
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Post by chris1200 on Aug 12, 2020 18:07:22 GMT
Have you considered asking a direct question of RS for breakdown of per market figures perhaps they can help as its a safe bet I can't as I don't have a clue how they are split internally I just have a feeling that APM markets were probably going to be the biggest utilised as to be honest without using the ratesetting capabilities of all the products one just gets what RS proffers at the time. The 50;50 is all you are going to get, if you want more you could try sending Mr Lewis an eMail its his statement he might take pity and offer some glorious snippets that might help or he will ask someone to help. I doubt RS wil offer it up but hey nothing ventured nothing gained always seems to work for me. I understand your concerns I really do but sadly the only way you are going to get the answers you are looking for is to go to the mountain for want of a better term, its certainly isn't coming to you. I already have - see here and here. You even liked the second one of these posts and it was only a week ago... Edit: Actually, when I first asked them specifically about the per-market breakdown (see here), you even replied ( here) saying "at least they acknowledged it was business decision". No wonder we keep raking over things time and time again As for the rest of your post, I'm afraid I really don't know what to do with this as once again you're suggesting uncertainty about things we already know and have established (re A/P/M new lending vs. RYIs), and I'd rather not spend my time re-explaining these things over and over again. Edit Edit: Also, why do you have my username as your status? It's kinda odd... I don't know if you enjoy these incredibly unproductive discussions, but I don't...
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