robski
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Post by robski on Jul 30, 2020 15:49:11 GMT
True on the £500k probably just coincidence, the £550k borrower looked high, but likely I just slipped into a bit of CT there The last 2 lines. When many people were requesting large amounts they were reporting that it just locked and nothing seemed to happen, so someone with a really large request would likely have found the same. I suspect it wasn't locked up, just processing very slowly in effect with lots of people asking the same. Clearly the RS "box" isnt particularly powerful since you can literally watch it doing big matches with F5, its always been the same, so lost of people asking for calculations for RYI was likely swamping it and meaning that people were not getting a response and trying again for smaller amounts. If you look at the tracking you can see where people did split it up However some relatively large amounts also went through. I dont think there is any hope that you will ever get even remotely close enough to enough data to see, but I think its pretty unlikely that one massive RYI is there. What would be scary is if we are over estimating the APM RYI and its less, in that case a £0.25M request or so could take days to clear and that would indeed be very bad news for those who have got themselves RYI in that queue! I think for the next couple of weeks I am going to try to just get a decent 5year RYI prediction. Certainly next week I will be a little too busy to keep a close enough eye on APM at that time, in finance so its month closing time for me. If you or someone can try to predict APM and if we can find someone with access to 1 yea who can maybe also look form movements we might be able to piece together a reasonable estimate, or not! However I do feel we have made some progress, clearly there appears to be no new lending in 5 year, and if RS are roughly 50% RYI and 50% new lending then thats very bad news for APM queue progression
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robski
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Post by robski on Jul 30, 2020 15:51:42 GMT
If it's useful info, I've had two early repayments in the 1 year market yesterday and today due to loans being cleared early. Yesterday from a loan for £252k, today from a £125k loan. They were contracts I wasn't expecting to see back for a while too. Gratefully reduced my RYI a bit. How active a 1 yea user are you, would you be able to keep an eye for any new lending in that market, ie anything sitting in the borrower column of the markets? Its good news though, there certainly seems to be money coming in, this may not be as bad as many like to predict.
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chris1200
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Post by chris1200 on Jul 30, 2020 15:56:48 GMT
I think for the next couple of weeks I am going to try to just get a decent 5year RYI prediction. Certainly next week I will be a little too busy to keep a close enough eye on APM at that time, in finance so its month closing time for me. If you or someone can try to predict APM and if we can find someone with access to 1 yea who can maybe also look form movements we might be able to piece together a reasonable estimate, or not! However I do feel we have made some progress, clearly there appears to be no new lending in 5 year, and if RS are roughly 50% RYI and 50% new lending then thats very bad news for APM queue progression I'm not sure a 'prediction' of RYI for A/P/M is possible - that's sort of the whole point here, right? We can see roughly how much is matched per day, but that's all we can know. If new lending is happening in 1 Year, the same goes for this market. We can, though, look at the daily RYI release amount and try to eliminate how much of this was 5 Year, seeing then how much is left over that should be 1 Year and/or A/P/M... but we can't 'predict' (which is why I was a bit confused about your 'prediction' today). I think 50% RYI / 50% new lending in A/P/M would be just fine! That would be about £500k of RYI processing today! The problem is that it doesn't seem to be this way - and, indeed, if it's 50:50 across the whole platform but 5 Year isn't doing any new lending, this obviously skews A/P/M to less RYI processing. Its good news though, there certainly seems to be money coming in, this may not be as bad as many like to predict. These are just repayments, though. It's only if they're re-invested that any money 'comes in' for our RYI purposes.
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Post by RateSetter on Jul 30, 2020 16:11:41 GMT
Goof afternoon. Today we have delivered £0.4m, and the full update is below:
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chris1200
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Post by chris1200 on Jul 30, 2020 16:13:59 GMT
Yup... So, it looks indeed like hardly any of that £1m+ matched in A/P/M today went to RYI requests. Maybe £100k at the very most (and that's if 1 Year got absolutely nothing), based on robski 's viewing of the 5 Year market today. Yikes. (And 'predictions' do indeed seem impossible )
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aju
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Post by aju on Jul 30, 2020 16:37:58 GMT
Yup... So, it looks indeed like hardly any of that £1m+ matched in A/P/M today went to RYI requests. Maybe £100k at the very most (and that's if 1 Year got absolutely nothing), based on robski 's viewing of the 5 Year market today. Yikes. (And 'predictions' do indeed seem impossible ) I'd be surprised if any of the RYI money shows in the market tables at all but I could be wrong. Seems to me like playing Boris' whacka mole games! ...
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adrian77
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Post by adrian77 on Jul 30, 2020 16:46:01 GMT
disappointing - hopefully tomorrow over £0.4m will be released otherwise I think this will be the lowest weekly amount released to date...
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chris1200
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Post by chris1200 on Jul 30, 2020 16:46:09 GMT
I'd be surprised if any of the RYI money shows in the market tables at all but I could be wrong. Do you mean the 'investor' RYI money or the 'borrower' RYI money? The point of the post above is derived from the former, which almost certainly must appear in the market tables as there is no other way it could be available for use.
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aju
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Post by aju on Jul 30, 2020 17:07:55 GMT
I'd be surprised if any of the RYI money shows in the market tables at all but I could be wrong. Do you mean the 'investor' RYI money or the 'borrower' RYI money? The point of the post above is derived from the former, which almost certainly must appear in the market tables as there is no other way it could be available for use. I mean the funds that you think your are seeing will not be what goes to RYI requests. I think the daily lending and borrowing etc is automatic and I think the RYI that is being funnelled off to pay lenders through RYI is being processed through probably manually by RS. Have you been able to line anything up at all with the funding through to sales RYI today says it 0.4M. Since this is not actually appearing in the Weekly volume either up to last 5 minutes the WV was 4.57M the total so far is 2.0M. I believe that the total throughput so far is 2.0M RYI + 4.57M WVol. I believe that loan sales (RYI) is seperate from the main systems but I'm happy to be wrong. To be honest its a little bit too in the detail for me now that I am not lending. I'm not an expert in RS none of us are so I'm happy to be wrong, if you can see anything at this level in there then great but I'd give up personally.
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chris1200
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Post by chris1200 on Jul 30, 2020 17:24:21 GMT
I mean the funds that you think your are seeing will not be what goes to RYI requests. I think the daily lending and borrowing etc is automatic and I think the RYI that is being funnelled off to pay lenders through RYI is being processed through probably manually by RS. How is RYI processing funded? Through investor re-investments and new money investments. What happens when an investor re-invests funds or invests new money? These funds appear on the market data screen in the 'Investor' column. The point is not that all these funds are used for RYI processing, it's that this is the available pool of cash which could be used for RYI processing each day. What other way do you think the funds for RYI processing are provided? [Maybe I'm wrong, but I think you might be getting confused with the 'Borrower' side of the table which - yes, as discussed at length above with robski - it seems may not represent RYI requests]
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Post by closetotheedge on Jul 30, 2020 17:33:55 GMT
Just a positive message for all those still waiting for their investments to be released.
Had just over £150k in various holdings pre Covid. Just withdrawn the last bits after the final few requests reached the front of the respective queues. Just got £120 worth of sub £10 bits left now.
Been with RS since the earliest days and have great respect for what they achieved, what they offered me in returns and additionally how they have dealt with this situation and kept us informed etc. I think the new queue position indicator is a sign of how they have gone above what they perhaps needed to do.
It is telling that my final statement shows I gained nearly £50,000 in interest in my time with them.
My money is now earning mostly between 0.75% and 1% elsewhere.
Thank you RS it was great for so very long.
Fingers firmly crossed I escape AC with a similar sum so painlessly.
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chris1200
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Post by chris1200 on Jul 30, 2020 17:43:04 GMT
Just a positive message for all those still waiting for their investments to be released. Had just over £150k in various holdings pre Covid. Just withdrawn the last bits after the final few requests reached the front of the respective queues. Just got £120 worth of sub £10 bits left now. Congrats to you. Out of interest, your entries in the tracker thread suggest you were waiting on Access/Max investments that should have been released a month ago (based on others' experience). Did this only just happen...?
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Post by closetotheedge on Jul 30, 2020 18:04:38 GMT
Largest returns were about 10 days ago but that still left about 15% waiting which took until last weekend to finally find its way out.
Just trying to say, it is happening, obviously much slower than many would hope but RS do seem to be professionally managing the process in an orderly way so in time all will hopefully be satisfied in a similar fashion.
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chris1200
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Post by chris1200 on Jul 30, 2020 18:08:38 GMT
Largest returns were about 10 days ago but that still left about 15% waiting which took until last weekend to finally find its way out. Just trying to say, it is happening, obviously much slower than many would hope but RS do seem to be professionally managing the process in an orderly way so in time all will hopefully be satisfied in a similar fashion. Thanks! I suppose this is further evidence of a 'pool' at the front of the queue, then. Could also provide some context to the queue seeming to 'stop', when actually multiple investors' RYI requests are being serviced at once...
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robski
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Post by robski on Jul 30, 2020 18:17:32 GMT
Yup... So, it looks indeed like hardly any of that £1m+ matched in A/P/M today went to RYI requests. Maybe £100k at the very most (and that's if 1 Year got absolutely nothing), based on robski 's viewing of the 5 Year market today. Yikes. (And 'predictions' do indeed seem impossible ) Yikes so based on your viewing of APM today they probably wrote a £1M of new business and virtually nothing released from APM RYIs I think its pretty safe to say at minimum £325k was released in 5 yr based on what I observed and how high it went into 6% which I wasnt really expecting as they seemed to stop at 5.9% yesterday So its possible there was some in APM upto about £100k which with rounding may still show as £0.4M total (assuming zero was 1 year) I think the only real way to see APM is a very close monitor and frankly thats goign to be time consuming and frankly probably not worth the effort when you consider how easy relatively it is to watch 5YR But if they are as clearly they are potentially going to write £1M new business then that APM queue is going to be there a very long time I wonder if volumes ticked up, or if it was in line, I ahevnt paid that much attention to weekly lendings but if its £5m or so a week then APM looks screwed!
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