chris1200
Member of DD Central
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Post by chris1200 on Jul 20, 2020 11:04:32 GMT
It looks like to me there is no Chronological order for Access - you can see from the table that users with 5 year and 1 Year accounts are being completed after the dates that users have requested for Access. Perhaps I missed the memo where it said the order would be 1) 5 year & 1 year (any date of request for withdraw) 2) Access In nearly a week my queue number has dropped down by just 6 despite an email from RS Friday saying they had delivered 2.4 million. Dates for access withdraws are still around 13th March.. Replying here, prt2000 , so that we can keep the other thread clear. There are a lot of posts already on this, so please do have a read. Basically, Access/Plus/Max, 1 Year, and 5 Year markets are processed separately, so there is no chronological relationship between them. RYI requests seem quite clearly to be being processed chronologically in each market (as RS tell us), although there does appear to be an odd occurrence for some investors right at the front of the queue who have some funds left over for a while. Please keep in mind also that you cannot track how much money is being released in one of these markets based on how much queue movement there is. It's entirely possible that some investors have very, very large amounts invested and for this to hold up the queue even when RS is processing roughly the same amount as it did in a previous week with seemingly faster movement in the queue.
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Post by svbinvest on Jul 20, 2020 17:33:40 GMT
No more daily release memos from ratesetter?
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chris1200
Member of DD Central
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Post by chris1200 on Jul 20, 2020 17:36:31 GMT
Sometimes it comes a little later in the evening. Relatedly, after I made this post Normally I notice a big pile of money looking to get matched in the A/P/M market at the beginning of the day at around 3%/3.5%/4%, and then it's all hoovered up by the end of the working day, with the 'going rate' way higher. Today (as of now, 5:30pm), there's still £600k sat there at 3%. Why would RS not be matching this? I ask because I'm assuming at least some of this money is our RYI requests... (I think others have probably posted about this before - tried to find relevant posts, but wasn't able to, so apologies if repetitive) I've been watching this today and, while £600k is currently sitting there waiting to be matched, it was £1.5m earlier in the day. Hoping thats's £900k matched in A/P/M with a decent amount of that going towards our RYIs??
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Post by RateSetter on Jul 20, 2020 17:44:40 GMT
Good evening all. Today we have delivered £0.8m. Full update below:
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Post by bornconfused on Jul 20, 2020 18:08:10 GMT
Good to see lots of movement in the 5yr market. Now releasing investments from 12th April. A jump of 5 days from previous update
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beagle
Investor in ratesetter, funding circle, lendy (lesson learnt) and AC
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Post by beagle on Jul 20, 2020 18:26:00 GMT
i think they are just releasing 5 year and dribs and drabs from the rest.
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chris1200
Member of DD Central
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Post by chris1200 on Jul 20, 2020 18:30:09 GMT
i think they are just releasing 5 year and dribs and drabs from the rest. Don't make me say it...
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Post by erniec on Jul 20, 2020 18:33:38 GMT
It is really becoming very tedious with these false accusations that the 5 and 1 year RYIs are being favoured over Access et al.
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Post by Deleted on Jul 20, 2020 18:44:35 GMT
It is really becoming very tedious with these false accusations that the 5 and 1 year RYIs are being favoured over Access et al. Yep. It seems that some people are just incapable of understanding the difference between the Access-style and Fixed-term-style markets. The different T&Cs, the different product ages, the different investor incentives. Oh look, the product with the lowest returns and no early access fee has the most people wanting early access. What a surprise
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chris1200
Member of DD Central
Posts: 827
Likes: 508
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Post by chris1200 on Jul 20, 2020 18:46:45 GMT
It is really becoming very tedious with these false accusations that the 5 and 1 year RYIs are being favoured over Access et al. Yep. It seems that some people are just incapable of understanding the difference between the Access-style and Fixed-term-style markets. The different T&Cs, the different product ages, the different investor incentives. Oh look, the product with the lowest returns and no early access fee has the most people wanting early access. What a surprise Not to mention the product that doesn't require you maintain some re-investment to be able to still access it...
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aju
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Post by aju on Jul 20, 2020 19:15:59 GMT
I'm happy if they service access/1Y or the 5Y its all coming in my direction sometime sooner or later - not sure quite why people have such high expectations. None of this is rocket science. Someone categorised it really well when they compared it to the early days of the pandemic run on toilet rolls in the supermarkets.
Sit back, enjoy the ride and sooner or later we will get our money out. If we don't then all those people that expected P2P was like banking must have lied on the declaration forms back in December when we were all trying to qualify to carry on lending.
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Post by xiao on Jul 20, 2020 21:28:19 GMT
It is really becoming very tedious with these false accusations that the 5 and 1 year RYIs are being favoured over Access et al. Yep. It seems that some people are just incapable of understanding the difference between the Access-style and Fixed-term-style markets. The different T&Cs, the different product ages, the different investor incentives. Oh look, the product with the lowest returns and no early access fee has the most people wanting early access. What a surprise not 1 year, I waited 7danys, only move 1 number. from 383 to 382 total 7days!!!!
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robski
Member of DD Central
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Post by robski on Jul 21, 2020 13:07:58 GMT
1 year is more likely to be more blipie (is that a word?) than the others as its mainly larger property loans
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Post by stevepn on Jul 21, 2020 13:17:20 GMT
Yep. It seems that some people are just incapable of understanding the difference between the Access-style and Fixed-term-style markets. The different T&Cs, the different product ages, the different investor incentives. Oh look, the product with the lowest returns and no early access fee has the most people wanting early access. What a surprise not 1 year, I waited 7danys, only move 1 number. from 383 to 382 total 7days!!!! Mines gone down 48 in he last 7 days, unfortunately I'm 14721.
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Post by RateSetter on Jul 21, 2020 18:08:39 GMT
Good evening. Today we have delivered £0.8m and the full update is below:
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