robski
Member of DD Central
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Post by robski on Sept 1, 2020 17:22:11 GMT
Good evening all. Today we have delivered £0.1m and the full update is below: OK - first it's low (a new daily low, if you exclude zero-return days) but is it also surprise given the long BH weekend might have given an opportunity for some 'catching up' to have boosted today's figure? i am not convinced most of the processing even finished yet 5 year deffo doesnt look like the repayments have been added back to the market
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Post by Deleted on Sept 1, 2020 17:28:53 GMT
yep, I was still getting repayments trickling in around 4pm, so there were definitely delays
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Post by Badly Drawn Stickman on Sept 1, 2020 17:54:48 GMT
T&Cs say it's in a client account with a major high street bank, so should be safe. Although, from memory (without looking it all up again) when certain P2P platforms failed it seems some funds may not have been as 'ring fenced' in a separate client accounts as you would have hoped. I tend to withdraw a couple of times a week if there are funds available. It was on my 'to do' list to check before sorting the ISA allowance, so I have moved it up the list and sent an email to get confirmation of both ring fencing and protection. Hmmm, not exactly what I was expecting, but probably not a great cause of concern........ The holding account is effectively ring fenced, as in being in a segregated account, it is however a giant joint account so FSCS protection is pretty irreverent even though the account has it. Hopefully we wont be losing any major high street banks.
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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 Sept 1, 2020 18:27:14 GMT
Good evening all. Today we have delivered £0.1m and the full update is below: OK - first it's low (a new daily low, if you exclude zero-return days) but is it also surprise given the long BH weekend might have given an opportunity for some 'catching up' to have boosted today's figure? Im pretty sure thats adrian77's line
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Post by Deleted on Sept 1, 2020 18:36:43 GMT
i am not convinced most of the processing even finished yet 5 year deffo doesnt look like the repayments have been added back to the market Chunks starting to appear on the market now. Definitely delays processing the weekend, bank-holiday and month-end combo.
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beagle
Investor in ratesetter, funding circle, lendy (lesson learnt) and AC
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Post by beagle on Sept 1, 2020 19:07:43 GMT
prob a bumper tomorrow
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adrian77
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Post by adrian77 on Sept 2, 2020 9:45:40 GMT
prob a bumper tomorrow - hopefully!
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robski
Member of DD Central
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Post by robski on Sept 2, 2020 12:10:34 GMT
There is over £1.1M on 5 year at 4.3% so would expect all that to be matched today plus more maybe
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Post by Badly Drawn Stickman on Sept 2, 2020 13:05:35 GMT
There is over £1.1M on 5 year at 4.3% so would expect all that to be matched today plus more maybe I had a few 5 year repay early today, so that may explain some of it. Looking at the full market shows a lot of bids at 10% which could well be awaiting collection (presumably the move to holding button was ignored)
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robski
Member of DD Central
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Likes: 462
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Post by robski on Sept 2, 2020 18:15:38 GMT
someone is working late in RS towers today, clearly still processing RYIs (in 5 year)
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robski
Member of DD Central
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Post by robski on Sept 2, 2020 19:10:29 GMT
someone is working late in RS towers today, clearly still processing RYIs (in 5 year) Or maybe they have decided to stop providing meaningless updates. How is it meaningless, looks like about 800k so far processed in 5 year and its still ticking down on available funds
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Post by Deleted on Sept 2, 2020 19:26:43 GMT
Yep, the market is still ticking down. RateSetter staff clearly working late to get the backlog cleared from yesterdays delays. No idea why some posters want to post such whiny drivel. Haters gonna hate, I guess
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beagle
Investor in ratesetter, funding circle, lendy (lesson learnt) and AC
Posts: 670
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Post by beagle on Sept 2, 2020 19:48:19 GMT
someone is working late in RS towers today, clearly still processing RYIs (in 5 year) Or maybe they have decided to stop providing meaningless updates. it isn't meaningless if people keep reading and commenting on this thread about it.
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robski
Member of DD Central
Posts: 772
Likes: 462
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Post by robski on Sept 2, 2020 19:54:44 GMT
How is it meaningless, looks like about 800k so far processed in 5 year and its still ticking down on available funds And how much in A/P/M? Given that the A/P/M queue is static it must be zero. I dont know and dont care frankly, my APM is only a fraction of my investment and its well below my interest level and at a high rate We KNOW that APM is used to fund new loans and as such its not going to have much funds available for RYI until/if the metro deal goes through
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Post by danny101 on Sept 2, 2020 20:21:23 GMT
I don't, really care about the 5 year RYI queue as I have already released my money from there. My remaining capital is in A/P/M and am really concerned about no progress. And YES , ratesetter is providing "meaningless" updates on the amounts released as its obviously NOT relevant to the markets I,M invested in.
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