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Post by jasonnewman on Mar 20, 2020 10:55:50 GMT
Would like to track the changes in the balance so as it increases the withdrawals should increase - We can then work out if people are being paid out as this value increases or whether AC is withholding the cash.
QAA
20/03/2020 at 11:00AM £64,137,258
20/03/2020 at 12:20PM £64,051,703
21/03/2020 at 11:20AM £64,054,924
22/03/2020 at 11:40AM £64,073,586
22/03/2020 at 14:30PM £64,092,843
23/03/2020 at 10:10AM £64,106,798
24/03/2020 at 10:10AM £64,109,251
25/03/2020 at 11:42AM £63,932,113 (c. £90 given to access accounts to withdraw)
26/03/2020 at 11:00AM £63,913,173
27/03/2020 at 11:59AM £63,945,354
28/03/2020 at 11:59AM £63,934,585
31/03/2020 at 11:00PM £63,879,992
01/04/2020 at 08:00AM £64,000,466
30 DAA
20/03/2020 at 22:08PM £75,064,115
21/03/2020 at 11:20AM £75,064,158
22/03/2020 at 11:40AM £75,092,307
22/03/2020 at 14:30PM £75,092,591
23/03/2020 at 10:10AM £75,097,030
24/03/2020 at 10:10AM £75,114,064
25/03/2020 at 11:42AM £75,137,598
26/03/2020 at 11:00AM £75,177,676
27/03/2020 at 11:59AM £75,183,791
28/03/2020 at 11:59AM £75,186,232
31/03/2020 at 11:00PM £75,285,828
01/04/2020 at 08:00AM £75,489,250
90 DAA
20/03/2020 at 22:08PM £74,616,269
21/03/2020 at 11:20AM £74,617,039
22/03/2020 at 11:40AM £74,638,960
22/03/2020 at 14:30PM £74,638,929
23/03/2020 at 10:10AM £74,672,906
24/03/2020 at 10:10AM £74,702,372
25/03/2020 at 11:42AM £74,829,447
26/03/2020 at 11:00AM £74,852,555
27/03/2020 at 11:59AM £74,860,878
28/03/2020 at 11:59AM £74,901,580
31/03/2020 at 11:00PM £75,109,047
01/04/2020 at 08:00AM £75,331,756
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Post by Harland Kearney on Mar 20, 2020 21:40:06 GMT
This will be a helpful log, please keep it updated if you have the time, thanks!  For full understanding you should list both 90daa and 30daa, as very few people will invest directly into the QAA now as they will use most likely the 90daa. 20/03/2020 at 22:08PM 90daa £74,616,269 20/03/2020 at 22:08PM 30daa £75,064,115 I won't keep this updated as I expect you will add it on your OP. |
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Post by jasonnewman on Mar 22, 2020 11:42:48 GMT
Updated - All access accounts balances have increase by several thousand grand, should hopefully see another payout soon.
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Post by Harland Kearney on Mar 22, 2020 12:14:14 GMT
Updated - All access accounts balances have increase by several thousand grand, should hopefully see another payout soon. Yes, there was a very small £1 payout to all accounts (at least both of mine and few others) so that will have been deducted by the total already.
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cb25
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Post by cb25 on Mar 22, 2020 12:18:19 GMT
Updated - All access accounts balances have increase by several thousand grand, should hopefully see another payout soon. Yes, there was a very small £1 payout to all accounts (at least both of mine and few others) so that will have been deducted by the total already. Wasn't aware of that, but after checking I find I'm the recipient of £6 - £1 for each of 21/22 Mar in each of my 30DAA/90DAA/QAA accounts.
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Post by jasonnewman on Mar 23, 2020 10:13:23 GMT
Balances updated.....all access account balances have increased over the weekend....QAA is up about £50k or so, hopefully we will see more payouts soon. At least they have liquidity coming into the platform...
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agent69
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Post by agent69 on Mar 23, 2020 10:31:44 GMT
Balances updated.....all access account balances have increased over the weekend.... QAA is up about £50k or so, hopefully we will see more payouts soon. At least they have liquidity coming into the platform... But £50k is less than 0.1% of the total. If that continues on a daily basis it will take 3 years to get your money out.
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Post by Harland Kearney on Mar 23, 2020 12:23:29 GMT
For now only dribs and drabs of the que are being paid out in cash.
Overall, there isn't much AC can do directly, other than maintain its platform and pipeloans. Our investments are still that, generating income for us.
(I'm fully aware of the potential impacts the loan book might have, situation is still up in the air across the world right now)
For investors in the QAA, even if loans default you will still be earning the same rate interest, the health of the platform could very well be propped up by the pipeline loans, as we may have to give months to some loans to *recover* from the crisis. That is before they are back in a postion to repay or re-finance.
Only a few ways we'll get more payouts other than waiting for more cash injections,
Loans repay,
Interest payment day, we'll see some liquidy
ISA season brings in more investments (much more likely to happen after the pandemic...)
The que becomes smaller as pooled members are allowed to transfer to the 90DAA and 30DAA without having to wait for a cash payout before doing so.
Although as of right now, many investors are staying clear of all investments except for topping up S&S (but sellouts are still the market trend) & ofc bank cash/bank bond, investments. Once the crisis resolves itself in the coming months, P2P will likely see more movement and the damage to the loanbook & fresh cash injection will make its move.
Really, I hope this forum doesn't just turn into a bunch of repeat echoing of panic and frustration. It doesn't help AC, it doesnt' help anybodys investments and its frankly annoying. Luckily this thread hasn't turn into a sh**show of spam yet.
Just to note too: I am confident in AC ability to deal with this global crisis and see our investments though it. These loans as Steve points out are typically longer term investments 1-5 years, it is clear that once situation resolves it selves in the coming months AC will remove the que system entirely, or replace it with a more liquid method until reaching the removal stage. I'm just happy my investments are paying 4.1% and not a extremely low rate. Even if I got my cash back today, I couldn't invest in S&S as you'd need to be drip feeding to buy the market over the next at least 6 months, possibly as long as 18 depending how this situation pans out.
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SteveT
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Post by SteveT on Mar 23, 2020 12:51:17 GMT
Balances updated.....all access account balances have increased over the weekend.... QAA is up about £50k or so, hopefully we will see more payouts soon. At least they have liquidity coming into the platform... But £50k is less than 0.1% of the total. If that continues on a daily basis it will take 3 years to get your money out. Given that AC lenders’ funds (whichever the chosen account) are typically lent out in loans of 1 to 5 years duration, that really shouldn’t come as any great surprise.
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bg
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Post by bg on Mar 23, 2020 14:20:30 GMT
Balances updated.....all access account balances have increased over the weekend....QAA is up about £50k or so, hopefully we will see more payouts soon. At least they have liquidity coming into the platform... The QAA balance is only one of the factors that will drive payouts and probably the less important factor (as I can't see substantial deposits being made just yet) The other factor is repayments. Today #848 has repaid £905k (QAA owns 53% of this loan) and #957 has repaid £248k (QAA owns 12%). That's in effect £510k of QAA cash that has been freed up and I would hope that drives a reasonable repayment.
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jlend
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Post by jlend on Mar 23, 2020 14:34:05 GMT
Balances updated.....all access account balances have increased over the weekend....QAA is up about £50k or so, hopefully we will see more payouts soon. At least they have liquidity coming into the platform... The QAA balance is only one of the factors that will drive payouts and probably the less important factor (as I can't see substantial deposits being made just yet) The other factor is repayments. Today #848 has repaid £905k (QAA owns 53% of this loan) and #957 has repaid £248k (QAA owns 12%). That's in effect £510k of QAA cash that has been freed up and I would hope that drives a reasonable repayment. Is any money being held back in the access accounts to cover tranche drawdowns on existing loans?
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Post by Harland Kearney on Mar 23, 2020 14:38:17 GMT
I think alot of it will be held back for new drawdowns. If AC cant' fund new loans thats a bigger issue than getting a <1% payback in cash for investors.
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sapphire
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Post by sapphire on Mar 23, 2020 17:56:31 GMT
Presumably a sufficient amount to be able to credit the month-end interest is also being held back?
(Hopefully the QAA monthly interest will be credited and AC don't again change the T&Cs at the eleventh hour!)
If all accounts have turned off the invest idle funds option so that this interest remains in the Cash Account, this could mean a requirement of around £218K (Monthly Interest @ 4.1% pa on £64M) from the liquid funds in QAA.
Look forward to noting the movement in the QAA total on the morning of 1st April after the interest has been credited.
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Post by Harland Kearney on Mar 23, 2020 18:43:37 GMT
Wouldn't hold breath, really investors eyes should be on the health of the platform and loan book in the coming months. AC won't be able to pay out much cash until market situations cool down.
I for one, fully understand the health of the platform is worth more than another <1-3% payout anytime soon, to everybodies investments.
It is at least nice to see I've been having small cash dribbles into my cash accounts every single day since Friday.
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alexk
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Post by alexk on Mar 24, 2020 15:28:16 GMT
For now only dribs and drabs of the que are being paid out in cash. Overall, there isn't much AC can do directly, other than maintain its platform and pipeloans. Our investments are still that, generating income for us. (I'm fully aware of the potential impacts the loan book might have, situation is still up in the air across the world right now) For investors in the QAA, even if loans default you will still be earning the same rate interest, the health of the platform could very well be propped up by the pipeline loans, as we may have to give months to some loans to *recover* from the crisis. That is before they are back in a postion to repay or re-finance. Only a few ways we'll get more payouts other than waiting for more cash injections, Loans repay,
Interest payment day, we'll see some liquidy
ISA season brings in more investments (much more likely to happen after the pandemic...)
The que becomes smaller as pooled members are allowed to transfer to the 90DAA and 30DAA without having to wait for a cash payout before doing so.Although as of right now, many investors are staying clear of all investments except for topping up S&S (but sellouts are still the market trend) & ofc bank cash/bank bond, investments. Once the crisis resolves itself in the coming months, P2P will likely see more movement and the damage to the loanbook & fresh cash injection will make its move. Really, I hope this forum doesn't just turn into a bunch of repeat echoing of panic and frustration. It doesn't help AC, it doesnt' help anybodys investments and its frankly annoying. Luckily this thread hasn't turn into a sh**show of spam yet. Just to note too: I am confident in AC ability to deal with this global crisis and see our investments though it. These loans as Steve points out are typically longer term investments 1-5 years, it is clear that once situation resolves it selves in the coming months AC will remove the que system entirely, or replace it with a more liquid method until reaching the removal stage. I'm just happy my investments are paying 4.1% and not a extremely low rate. Even if I got my cash back today, I couldn't invest in S&S as you'd need to be drip feeding to buy the market over the next at least 6 months, possibly as long as 18 depending how this situation pans out. Forget loans repay, AC is auto-reinvesting money from repaid loans. Without investors' approval, unlike other platforms. Interest payment day, we'll see some liquidy. Yes, 4-5% per year, 20-25 years to get capital back that way....if it survives, which needs investors, which requires trust... ISA... will take time. I am betting people will choose other platforms to be honest. I personally will. Hope for the 4th to happen, people are in for a long term now and get the same amount withdrawn regardless, so they should at least get same %.
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