star dust
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Post by star dust on Apr 7, 2020 18:26:05 GMT
Mod Hat On/ Following a request from shirehorse - p2pindependentforum.com/post/380064/threadI’ve created this pinned thread to contain significant and useful information pertaining to the current liquidity situation on AC. I’ve started it off with three quotes from stuartassetzcapital , but this is not intended to be all encompassing or restricted to AC staff only. So please quote any past factually useful posts from other threads to it, and continue to use it for more important factual information about the AC access situation and leave the “chat” and discussion to the other threads. Thanks. Dear all I would like to address the questions, incorrect statements and wild speculation on this thread and also thank those who see what we are seeking to achieve here with these regrettable, but necessary, actions. We can of course confirm that we are no different to the vast majority of the companies in the world's economy, excepting perhaps food retailers and hand sanitiser companies and similar, in that we have seen income and sales lower during the lockdown and we are therefore also taking all the same measures as pretty much every other company in this country and indeed the rest of the world. Anyone that denies that this pandemic is happening, or that these actions are not absolutely necessary, when even the most cash rich of companies are having to take cost reduction measures, perhaps does not yet realise the seriousness of the situation or not yet have hospitalised relations and friends. Our actions, like pretty much every other company, include directors having salaries reduced very substantially, very substantial overhead cuts across the board, and I mean everything, meaning that we have brought down monthly costs by a huge 50%. This, combined with temporary changes to our charging structures, puts us in a sustainable position during the worst of this period over the next few months. The costs of servicing the loan book have increased substantially and we have addressed that. In a situation that has no certain endpoint yet, nor any predictable economic recovery trajectory at present, not taking the action that we have taken would be a gross dereliction of duty in looking after our stakeholders, including you, our investors. We are not short of cash ourselves but how long does this situation continue? Three months is the initial Government timeframe but who has the data yet to say its not six months, one year, longer? These actions protect the team who in turn protect your money. Our team is also working very long hours protecting your capital and we have not shuttered like many other investments such as property funds, nor have we cancelled your income as listed companies cancelling their dividends left right and centre have done. Please give our team the space to do the best for you in this difficult time. I don't mind people casting insults and other poorly judged comments at me, as time will judge if I made the right decisions for you all with the benefit of hindsight, but please do not criticise the team who are also working tirelessly for you and not necessarily as thick skinned. I can also confirm that the new lender servicing fee only applies to loans not presently in default/ recovery so no, you are not charged for those. If loans aren't paying or have no retentions then you still accrue interest and we accrue the small fee. Borrowers are not let off one penny of interest, it is still due and secured but we are recommending giving them time to manage themselves out of this to avoid certain loan losses otherwise. Borrowers have no current access to the Government backed loans' cash because they have barely announced the terms, never mind have any banks processed any material number of applications yet. The Government salary support scheme does not exist, there is no way to process a claim for that and it seems weeks away, probably next month at the earliest. Our proposed support gives them time to get that done. And our loans have property security, how would you feel if you'd lent unsecured to micro businesses with no reserves and no sales, consumers with no jobs now or self employed with no work any more? I've been through many cycles of all sorts of types and this is by far the worst and fastest that I and our team have seen. I trust that this makes sense. Hello all In answer to some valid questions raised on this forum and via our support desk we are updating the FAQs and also posting a summary here. We can confirm that: - The Access Accounts are not funding new loans at this time. Any potential new loans visible in the queue to be drawn soon should not be considered to change this position. Funding of new loans would slow withdrawals and so we have stopped that activity for the time being to focus on existing borrowers and their lenders.
- Interest receipts from loans held in the Access Accounts are applied to the payment of investor interest as usual, subject to the target rate caps. We have NOT paused lender interest as some platforms have, as we carry substantial cash retentions to pay interest for some time on many loans.
- Liquidity coming into the Access Accounts from loan capital repayments of all types (partial or full loan redemptions) presently goes to fund a mix of withdrawal requests and further drawdowns that borrowers require on existing loans in your own portfolio. Ceasing to do this would cause detriment and material losses for investors and we will not do that if possible.
- Any new deposits from lenders, of which there are many hundreds of those a week at present, funds a mix of withdrawals and those further drawdowns required on existing loans, as above.
- The flat distribution of money available for withdrawal across all members in the withdrawal queue is the fairest situation whilst the Access Accounts are below a Minimum Operating Level (MOL), which we entered on the 12th March 2020. The MOL is calculated from a combination of factors, some forward looking, and it is not simply the cash balance in the Access Accounts.
- Once we are above the MOL we intend to revert to a FIFO (first in first out) queue system again, serving the oldest queue members first. If we fall below the MOL we will again revert to a flat distribution method of the same sum per withdrawal queue member.
- In the meantime, we are hoping to release a function shortly to allow people to crystallise their loan holdings and their correct share of uninvested cash out of the Access Accounts and into a new loan holding account. That is an irrevocable exit from the Access Accounts The rest of the loans will repay by monthly amortisations or end of term/ early redemptions as normal.
- As an alternative investor choice, we are exploring the possibility of an Access Accounts trading feature which would allow a choice to sell some or all of your Quick Access Account investment at a discount, subject to other investor demand at that price. This would allow you to list some or all of your Quick Access Account holdings (not individual loans) for sale to another investor. Quick Access Account holdings listed this way at a discount would likely sell faster in present market conditions than waiting for the queue, provided investor demand existed at a mutually agreeable price. This is not understood to be available on other platforms and would benefit larger investors wanting to create forced liquidity for themselves via discounts or for smaller investors having immediate need of some cash right away for Coronavirus related reasons for example.
- We are aiming to have the withdrawal queue functioning normally again as soon as possible, through new features and also through normalisation of the market in due course.
- We do not intend to raise the Lender fee from its present 0.075% pm, unlike some higher fees introduced by a number of other platforms, and instead plan to reduce this fee as soon as practical. At this time, we have no indication other than the Government approximate indication of 3 months for the approximate end of the business lock down period, meaning that the fee is at present likely to be in place for May-July inclusive.
I hope that this helps. |
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Post by stuartassetzcapital on Apr 23, 2020 11:00:53 GMT
We can confirm that there are no institutional investors in the Access Accounts so they do not have any part in the Access Account withdrawal queue. Nor would any MLA loan investment that they are involved in have any monetary impact on the withdrawal queue, either positively or negatively - in exactly the same way that a retail MLA investor doesn't interact with the Access Accounts.
Neither are they on any kind of preferential terms of the varied types discussed on this forum. This is both ethical, which is why, and as it happens also required by regulations. They invest in the MLA on the same terms as retail investors.
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Post by stuartassetzcapital on Apr 27, 2020 10:39:10 GMT
It has been pointed out that several posts on this forum are ignoring a number of facts stated previously and also above. To repeat those facts and/or clarify them further; - The Access Accounts are not funding new loans at this time. Any potential new loans visible in the queue that are indicated to be drawn down soon should not be considered to change this position as they are paused.
- Funding of new loans would slow withdrawals and prevent funding of your existing property development project loans to completion and so we have stopped that activity for the time being to focus on existing borrowers and the security of your capital.
- We are therefore seeing vastly reduced corporate income as a result of seeking to protect the value in your existing loan book and are not profiting from the continued funding of your part completed loans, quite the opposite.
- All Access Account investors are part owners of many part funded property development loans, mostly housing stock. We do not earn arrangement fees from these new drawdowns but would if we were doing new lending, which we are not. We are disadvantaged by this stalled lending market, as you are.
- Failure to fund development loans would likely lead to very substantial losses in normal times and in these times could be far worse.
- We have not furloughed our lender support desk or our credit team as some suggest, however they are incredibly busy as you would expect in these times.
- The vast majority of our Access Account investors, over 75%, have chosen to remain fully invested during these turbulent times and have no withdrawal requests pending. In the meantime, we are expecting to continue to pay healthy interest on the Access Accounts, even after the new and temporary lender fee and the fact that some borrowers have stopped paying their monthly payments at present.
- We will be announcing, imminently, new functions to allow trading in the Access Accounts to permit people to potentially release their cash more quickly but without impacting on the funding of in-flight property development loans. This new functionality will not suit everyone, but it will provide another option to those who may wish to release some or all of their capital urgently.
Thank you for your patience in these difficult times.
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Post by stuartassetzcapital on May 2, 2020 11:31:48 GMT
We will be posting details of how the secondary market works once details are finalised and a little closer to launch. As requested though, we can now answer some questions.
It is presently intended that the existing withdrawals in the original withdrawal queue shall remain in place and at their present date and time stamp as per that withdrawal queue. They shall therefore now be called 'Sell' orders at par (full) value and with no discount in the new marketplace. It is presently intended that those go back to a FIFO priority and that all trades at par value will execute in the date order they were originally posted. The old withdrawal system is therefore planned to be absorbed into the marketplace and returns to FIFO, although of course offers to sell at a discount will be served to new investors first of all so that new investment automatically takes advantage of the oldest and highest discounts first of all.
Any loan redemption capital that is repaid to investors is intended to be paid pro rata to the size of each Sell order instruction in the marketplace, hence reducing your sell order if it is still waiting to execute against a new willing buyer.
Interest will operate as normal we expect.
Further details will be issued in due course and this explanation enhanced. Please post questions away from this information thread thank you.
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Post by stuartassetzcapital on May 2, 2020 12:06:12 GMT
In terms of the detail of what is happening on the loan interest front in the various investment accounts it might be helpful to understand some further detail to answer specific questions here. In the March/ April period there were a lot of missed payments as companies, understandably, froze expenditure and tried to work out what was happening as a result of the virus and also tried to evaluate what might happen to their businesses in the future. Their income in many cases dropped substantially. We carried out the forbearance process over that time and are still working through hundreds of borrowers with varying circumstances but the overall effect is to extend loans where required, ensure we have sufficient funds held on account where possible to pay lender interest and extend loans to a time that reflects the potential new exit date expectation when they may repay the loan. This is not letting borrowers off the interest but taking away the need to pay in cash now and work out a way to collect it later.
The net effect of this on the MLA and discontinued investment accounts is that some loans that did not have an appropriate cash buffer held with us and who didn't make some loan interest payments have resulted in lower interest payments going to lenders in March and particularly April. As we complete working through the loan book this will facilitate catch up payments to be made and we expect the MLA to see a higher interest payment during May to catch up.
The net effect on the Access Accounts is similar but the mechanics change things a little. The interest underpayment/ non-payment by some borrowers reflects in true net interest receipts across the Access Accounts being c 3.2% pa in April meaning all AAs missed their target rate for the first time. We topped that up to 3.75% for all Access Accounts on the 1st May, which happens to be the minimum target rate of the QAA. We expect May interest receipts to catch up somewhat and presently expect to be able to pay the 3.75% again, or close to it, on the 1st of June, whilst recovering our top-up.
We cannot know for sure what further months hold and whether this payable rate will continue, decline or increase but we are working to seek to achieve an increase if possible and that could return 30DAA and 90DAA interest to being higher than the QAA. All unpaid interest is of course accrued and the loan security is held to permit that to be recovered where possible in the future. Our main focus though is on capital security and helping borrowers protect your loan security, and in the case of property developments, increase their loan security by getting developments funded to completion. We have continued to fund all construction costs where that work is continuing on site and so security value is expected to therefore be increasing as a result. At present we do not see any detailed effect of COVID-19 on property sales values and whilst the risk is clearly there it is not showing itself yet in any reduced sales values as yet, but there is clearly a risk that prices could fall if this situation goes on for some time. Given our loan funding is typically capped around 65% of the completed property's finished expected value there is safety headroom for substantial property price falls. The first impact of reduced property prices on sales of developed property is the developer's expected profits, once that is gone the next risk is the developer's equity investment in the development originally and finally there is risk to lender loan capital when those first two are completely lost. The risks are far higher if developments are not funded to completion and lender loan capital is far more at risk in that situation and hence our requirement to fund those loans to completion. That is our plan and what we are doing.
I hope this helps.
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iRobot
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Post by iRobot on Aug 11, 2020 11:24:31 GMT
The Marketplace web page has been updated (as was / as is now)
Existing Withdrawal Instructions
Firstly, it’s important to note that although you may have any number of Invest or Withdraw Instructions at the same time, you are limited to one type per Access Account i.e. you can only invest into an Access Account that doesn’t have a current Withdrawal Instruction.
Please note, Standard and IFISA-wrapped Access Accounts are treated separately, so it's possible to have a Withdrawal Instruction in the Standard 30 Day Access Account for example, and also have an Invest Instruction in the IFISA-wrapped 30 Day Access Account.
Firstly, it’s important to note that if you have a current Withdrawal Instruction from the Access Accounts, you won’t be able to use this feature. If you would like to invest new funds into the Access Accounts, you’ll need to cancel those withdrawal instructions first. Please also note that it is only possible to set discounts when selling QAA investments.
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iRobot
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Post by iRobot on Aug 25, 2020 9:37:44 GMT
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Post by stuartassetzcapital on Aug 27, 2020 17:46:49 GMT
Let me just remind readers initially that regardless of what I explain here, the provision fund is discretionary and not guaranteed to pay out and also not guaranteed to cover all losses. It's all explained here : www.assetzcapital.co.uk/provision-fund What follows is to help with transparency and understanding of the flow and ebb of the provision fund system we have deployed within the Access Accounts to help reduce misunderstandings and improve investors' knowledge and help them better decide to disinvest, not invest at all to start with, or invest in good knowledge of the process. The provision fund is expected to fluctuate over the cycle not maintain a constant level. We run the business, and set rates in a way that seeks to see the PF hold un-ringfenced cash balances in good years (and available for future use) and ideally, but not in the slightest guaranteed, to cover some or all of the risk of losses in the bad years. If the provision fund cash balance in some bad times is outweighed by more assessed loan risk in its loan portfolio than the current PF cash balance then, under the T&Cs, that leads to some loans being suspended in the Access Accounts to prevent trading (new possible process under evaluation). That loan suspension process hasn't happened yet but likely will as this is the worst economic shock to hit the country for decades at least if not hundreds of years. Nonetheless the dynamics and mathematics of the PF operation needs to be understood, and data provided by us, and then investors can take a view. If for example more money flows in to the PF one month than is offset by new loan loss risk that month then there is spare cash added to the PF and previously unprotected loan risk in suspended loans (if any) would be reduced by that spare extra PF cash. If there were no suspended loans left then the spare cash balance in the PF would grow. And vice versa when, for example, we head into a downturn such as this year where the PF cashflows in each month are outweighed by greater loan risk growth then that uses up all the new PF cash that month, and more, and if there was no spare PF cash left at that time then it would cause loan suspensions. Remember that ringfencing of loan risk by PF cash is to cover future potential loan risk with today's PF cash holdings and no notice is taken of future PF contributions, however likely or not, as that is the FCA regulations on the matter and it is black and white. If the future PF contributions do arrive then it is potential upside to the current position if future recognised loan risk is outweighed by that future cash, and vice-versa. The question to answer is does any PF shortfall in the bad times get covered by future PF contributions ? Unfortunately we cannot answer or simply project what may or may not happen in the future, but we will be publishing data, and already do quarterly, to help investors see if the loan risk shortfall is growing or reducing over time so far and make their own decisions. If PF contributions again manage to outweigh all previously uncovered losses there will again be a cash surplus in the PFs. And if the PF contributions for some reason never catch up with actual loan losses over time then there would be a capital loss on the accounts. We cant advise on all of this unfortunately and I hope you understand, as the regulations specifically prevent us from factoring in one penny of future PF contributions but we do think we could give you more current data on what is happening without straying into that territory. It is only fair to give you a greater amount of useful data and information and we will get our heads around how to do so compliantly shortly. Over time we would like to be judged by what we deliver as investment returns and what the risk and volatility of those total returns are over time and we aim to deliver as smooth a return as possible but with no guarantees. That raw and honest investment return will reflect how well we lend your money and get it back. We have set our business up and staffed it in a way that we feel can do the best possible job for you in these low interest times, and in the end time will tell how well we did. |
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Post by Ton ⓉⓞⓃ on Aug 27, 2020 19:07:20 GMT
The idea for this "info" thread was inspired here So I'm moving any further comments there for any discussion
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iRobot
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Post by iRobot on Sept 5, 2020 13:46:04 GMT
For Ace and others interested - I've quoted it here for you. However, I'm not maintaining this thread, so feel free to post or quote to it yourselves.  These are my daily figures from a QAA withdrawal of c. £40k requested on the 19th of March. I suspect there'll be some minor variances across accounts, but I wouldn't expect major ones, given the 'pooled' nature of the repayments structure as outlined by AC.The payments regime was changed on 02/06/20, moving from a pooled, everyone-gets-the-same model to ... ... something different. (Some discussion can be found in another thread from this post onward.) Returns under the revised model are shown differently. Figures in brackets - eg: (5.23) - are a standardised value against £10,000 taking into consideration a reducing balance. Post updated to include:from 20th Mar (request amount £40,179.83), figures received under the old model; total received to 01/06/20 = £ 870.48
from 2nd June (request amount £39,309.48), figures received under the new model; total received to 28/08/20 = £2441.23 (£639.31)
Not sure how much more use it will be, but I'll continue to update this on a weekly basis, up to and including the Friday payment(s). Legend: '-' denotes no payment received; '*' denotes trading paused on the Access Accounts
| | 01-Apr | 238.06 | 01-May | 8.61 | 01-Jun | 55.60 |
| 01-Jul | 97.24
| (25.00) | 01-Aug | 81.97 | (21.65) |
| | 02-Apr | 3.22 | 02-May | 1.81 | 02-Jun | 20.50 | (5.21) | 02-Jul | 46.76 | (12.05) | 02-Aug | 16.87 | (4.46) |
| | 03-Apr | 13.19 | 03-May | - | 03-Jun | 8.81 | (2.24) | 03-Jul | 17.26 | (4.45) | 03-Aug | *
| * |
| | 04-Apr | 3.18 | 04-May | 21.69 | 04-Jun | 19.59 | (4.99) | 04-Jul | - | - | 04-Aug | * | * |
| | 05-Apr | - | 05-May | 1.99 | 05-Jun | 8.21 | (2.09) | 05-Jul | - | - | 05-Aug | * | * |
| | 06-Apr | 23.18 | 06-May | 3.62 | 06-Jun | - | - | 06-Jul | - | - | 06-Aug | * | * |
| | 07-Apr | 7.54 | 07-May | 3.58 | 07-Jun | 8.06 | (2.05) | 07-Jul | 36.81 | (9.50) | 07-Aug | * | * |
| | 08-Apr | 3.86 | 08-May | - | 08-Jun | 33.85 | (8.62) | 08-Jul | 25.76 | (6.66) | 08-Aug | * | * |
| | 09-Apr | 3.02 | 09-May | - | 09-Jun | 11.25 | (2.87) | 09-Jul | - | - | 09-Aug | * | * |
| | 10-Apr | 1.41 | 10-May | - | 10-Jun | 12.63 | (3.22) | 10-Jul | 16.81 | (4.35) | 10-Aug | * | * |
| | 11-Apr | -
| 11-May | 17.80 | 11-Jun | 7.80 | (1.99) | 11-Jul | - | - | 11-Aug | * | * | | 12-Mar | | 12-Apr | - | 12-May | - | 12-Jun | 67.42 | (17.21) | 12-Jul | - | - | 12-Aug | 306.62 | (81.18) | | 13-Mar | | 13-Apr | - | 13-May | 5.95 | 13-Jun | - | - | 13-Jul | 83.18 | (21.52) | 13-Aug | - | - | | 14-Mar | | 14-Apr | 5.02 | 14-May | - | 14-Jun | 8.23 | (2.10) | 14-Jul | 6.81 | (1.77) | 14-Aug | - | - | | 15-Mar | | 15-Apr | 1.17 | 15-May | 3.80 | 15-Jun | 17.55 | (4.49) | 15-Jul | 12.75 | (3.31) | 15-Aug | - | - | | 16-Mar | | 16-Apr | 1.15 | 16-May | - | 16-Jun | 16.66 | (4.26) | 16-Jul | - | - | 16-Aug | - | - | | 17-Mar | | 17-Apr | - | 17-May | - | 17-Jun | 7.42 | (1.90) | 17-Jul | 6.79 | (1.76) | 17-Aug | - | - | | 18-Mar | | 18-Apr | 1.16 | 18-May | 1.75 | 18-Jun | 7.43 | (1.90) | 18-Jul | - | - | 18-Aug | 493.39 | (131.69) | | 19-Mar | | 19-Apr | - | 19-May | 5.16 | 19-Jun | 10.91 | (2.79) | 19-Jul | - | - | 19-Aug | - | - | | 20-Mar | 42.49 | 20-Apr | 3.17 | 20-May | 7.89 | 20-Jun | - | - | 20-Jul | 35.08 | (9.10) | 20-Aug | 35.19 | (9.52) | | 21-Mar | 1.00 | 21-Apr | - | 21-May | 10.38 | 21-Jun | - | - | 21-Jul | - | - | 21-Aug | 18.69 | (5.06) | | 22-Mar | 1.00 | 22-Apr | 1.00 | 22-May | 58.97 | 22-Jun | 26.73 | (6.85) | 22-Jul | 100.98 | (26.22) | 22-Aug | 8.99 | (2.44) | | 23-Mar | 5.18 | 23-Apr | - | 23-May | 3.63 | 23-Jun | - | - | 23-Jul | 48.26 | (12.56) | 23-Aug | - | - | | 24-Mar | 1.00 | 24-Apr | 1.00 | 24-May | 3.62 | 24-Jun | - | - | 24-Jul | 34.25 | (8.93) | 24-Aug | 12.49 | (3.38) | | 25-Mar | 100.37 | 25-Apr | -
| 25-May | - | 25-Jun | 15.35 | (3.94) | 25-Jul | - | - | 25-Aug | - | - | | 26-Mar | 8.59 | 26-Apr | - | 26-May | 8.48 | 26-Jun | 52.30 | (13.41) | 26-Jul | - | - | 26-Aug | 7.11 | (1.93) | | 27-Mar | 13.51 | 27-Apr | 10.90 | 27-May | 28.60 | 27-Jun | 7.16 | (1.84) | 27-Jul | 352.07 | (91.85) | 27-Aug | 12.05 | (3.27) | | 28-Mar | 1.68 | 28-Apr | 4.41 | 28-May | 76.12
| 28-Jun | - | - | 28-Jul | 28.21 | (7.43) | 28-Aug | 8.49 | (2.30) | | 29-Mar | - | 29-Apr | 2.34 | 29-May | 7.52 | 29-Jun | 7.07 | (1.81) | 29-Jul | 18.08 | (4.76) | 29-Aug | - | - | | 30-Mar | 25.30 | 30-Apr | 1.98 | 30-May | - | 30-Jun | 33.15 | (8.52) | 30-Jul | - | - | 30-Aug | - | - | | 31-Mar | - | | | 31-May | 3.80 | | |
| 31-Jul | 64.19 | (16.92) | 31-Aug | - | - |
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iRobot
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Post by iRobot on Oct 3, 2020 14:01:26 GMT
This post should be read in conjunction with the initial post on the subject, which has been truncated as the table was getting too unwieldy. For some continuity between the two posts, I've added a brief summary table to collate the average daily payment received by month per £10k of holding. | Jun '20 | 3.60 | Sep '20 | 3.88 | Dec '20 | 6.61 | | Jul '20 | 8.65 | Oct '20 | 5.38 | Jan '21 | - | | Aug '20 | 8.61 | Nov '20 | 3.28 | Feb '21 | - |
from 2nd June (request amount £39,309.48), figures received under the new model; total received to 31/12/20 = £4542.92 (£1225.64)
Legend: '-' denotes no payment received; (x.xx) denotes notional payment per £10k of holding 01-Sep
| 8.13
| (2.20) | 01-Oct
| 19.36
| (5.31)
| 01-Nov
| -
| - | 01-Dec | 16.41 | (4.63) | 02-Sep
| 39.47 | (10.71) | 02-Oct
| - | - | 02-Nov
| - | - | 02-Dec | 24.41 | (6.88) | 03-Sep
| 33.25 | (9.03) | 03-Oct
| 20.16 | (5.53) | 03-Nov
| - | - | 03-Dec | 10.27 | (2.90) | 04-Sep
| 23.43 | (6.37) | 04-Oct
| - | - | 04-Nov
| 67.24 | (18.76) | 04-Dec | 26.53 | (7.49) | 05-Sep
| - | - | 05-Oct
| - | - | 05-Nov
| 16.97 | (4.74) | 05-Dec | - | - | 06-Sep
| - | - | 06-Oct
| 31.66 | (8.70) | 06-Nov
| - | - | 06-Dec | - | - | 07-Sep
| - | - | 07-Oct
| - | - | 07-Nov
| 8.38 | (2.34) | 07-Dec | - | - | 08-Sep
| - | - | 08-Oct
| 11.64 | (3.20) | 08-Nov
| - | - | 08-Dec | 57.87 | (16.34) | 09-Sep
| 12.58 | (3.42) | 09-Oct
| - | - | 09-Nov
| - | - | 09-Dec | - | - | 10-Sep
| - | - | 10-Oct
| 10.00 | (2.75) | 10-Nov
| - | - | 10-Dec | 12.64 | (3.58) | 11-Sep
| 62.12
| (16.90)
| 11-Oct
| - | - | 11-Nov
| 14.73 | (4.12) | 11-Dec | - | - | 12-Sep
| 36.85 | (10.04) | 12-Oct
| - | - | 12-Nov
| 100.49 | (28.12) | 12-Dec | 19.53 | (5.53) | 13-Sep
| - | - | 13-Oct
| 22.56 | (6.21) | 13-Nov
| - | - | 13-Dec | - | - | 14-Sep
| - | - | 14-Oct
| 41.88 | (11.53) | 14-Nov
| 45.11 | (12.66) | 14-Dec | - | - | 15-Sep
| - | - | 15-Oct
| - | - | 15-Nov
| - | - | 15-Dec | - | - | 16-Sep
| - | - | 16-Oct
| 10.33 | (2.85) | 16-Nov
| - | - | 16-Dec | 48.28 | (13.67) | 17-Sep
| 41.70 | (11.38) | 17-Oct
| 158.64 | (43.73) | 17-Nov
| - | - | 17-Dec | 10.24 | (2.90) | 18-Sep
| - | - | 18-Oct
| - | - | 18-Nov
| 8.52 | (2.39) | 18-Dec | 61.16 | (17.34) | 19-Sep
| - | - | 19-Oct
| - | - | 19-Nov
| 8.93 | (2.51) | 19-Dec | 51.82 | (14.72) | 20-Sep
| - | - | 20-Oct
| - | - | 20-Nov
| 9.53 | (2.68) | 20-Dec | - | - | 21-Sep
| - | - | 21-Oct
| 40.26 | (11.15) | 21-Nov
| - | - | 21-Dec | - | - | 22-Sep
| 30.44 | (8.31) | 22-Oct
| 32.98 | (9.14) | 22-Nov
| - | - | 22-Dec | 36.34 | (10.34) | 23-Sep
| 12.03 | (3.29) | 23-Oct
| - | - | 23-Nov
| - | - | 23-Dec | 154.52 | (44.01) | 24-Sep
| 73.31 | (20.05) | 24-Oct
| 19.52 | (5.42) | 24-Nov
| 25.99 | (7.31) | 24-Dec | 165.39 | (47.31) | 25-Sep
| - | - | 25-Oct
| - | - | 25-Nov
| 25.20 | (7.09) | 25-Dec | 25.64 | (7.37) | 26-Sep
| 30.94 | (8.48) | 26-Oct
| - | - | 26-Nov
| - | - | 26-Dec | - | - | 27-Sep
| - | - | 27-Oct
| 23.88 | (6.63) | 27-Nov
| - | - | 27-Dec | - | - | 28-Sep
| - | - | 28-Oct
| 133.08 | (36.97) | 28-Nov
| 19.61 | (5.52) | 28-Dec | - | - | 29-Sep
| 22.64 | (6.21) | 29-Oct
| 15.17 | (4.23) | 29-Nov
| - | - | 29-Dec | - | - | 30-Sep
| - | - | 30-Oct
| - | - | 30-Nov
| - | - | 30-Dec | - | - |
|
|
| 31-Oct
| 11.94 | (3.33) |
|
|
| 31-Dec | - | - |
|
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iRobot
Member of DD Central
Posts: 1,680
Likes: 2,477
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Post by iRobot on Jan 2, 2021 11:28:53 GMT
A new year and a new table, following on from the previous two. [ 1, 2] For some continuity between the posts, I've continued the summary table to collate the average daily payment received by month per £10k of holding. | Jun '20 | 3.60 | Sep '20 | 3.88 | Dec '20 | 6.61 | Mar '21 | 248.03 | | Jul '20 | 8.65 | Oct '20 | 5.38 | Jan '21 | 37.13 | Apr '21 | >874.00 | | Aug '20 | 8.61 | Nov '20 | 3.28 | Feb '21 | 72.29 | May '21 | - |
from 02-Jun-20 (request amount £39,309.35), figures received under the new model; total received to 26/04/21 = £ 39,309.35 (100.0% of funds returned)
Legend: '-' denotes no payment received; (x.xx) denotes notional payment per £10k of holding 01-Jan
| - | - | 01-Feb
| -
| - | 01-Mar
| 33.92 | (13.74) | 01-Apr | 1475.53 | (1360.44) | 02-Jan
| - | - | 02-Feb
| 55.57 | (18.04) | 02-Mar
| 12.43 | (5.04) | 02-Apr | 777.55 | (829.80) | 03-Jan
| - | - | 03-Feb
| 20.51 | (6.67) | 03-Mar
| 47.86 | (19.42) | 03-Apr | 256.72 | (298.76) | 04-Jan
| - | - | 04-Feb
| - | - | 04-Mar
| - | - | 04-Apr | 159.62 | (191.49) | 05-Jan
| - | - | 05-Feb
| - | - | 05-Mar
| 48.93 | (19.89) | 05-Apr | 140.42 | (171.74) | 06-Jan
| 18.70 | (5.38) | 06-Feb
| 5570.13
| (1812.54) | 06-Mar
| - | - | 06-Apr | 188.22 | (234.22) | 07-Jan
| 36.83 | (10.60) | 07-Feb
| 34.12 | (13.56) | 07-Mar
| 2.57 | (1.05) | 07-Apr | 537.50 | (684.90) | 08-Jan
| - | - | 08-Feb
| 4.73 | (1.88) | 08-Mar
| - | - | 08-Apr | 456.54 | (624.51) | 09-Jan
| - | - | 09-Feb
| 70.59 | (28.10) | 09-Mar
| 51.35 | (20.92) | 09-Apr | 501.07 | (731.08) | 10-Jan
| - | - | 10-Feb
| 18.78 | (7.50) | 10-Mar
| 6380.04 | (2604.31) | 10-Apr | 313.10 | (492.86) | 11-Jan
| - | - | 11-Feb
| 24.39 | (9.74) | 11-Mar
| 465.28 | (256.81) | 11-Apr | 183.11 | (303.18) | 12-Jan
| - | - | 12-Feb
| 9.97 | (3.99) | 12-Mar
| 178.35 | (101.03) | 12-Apr | 161.22 | (275.28) | 13-Jan
| 12.09 | (3.48) | 13-Feb
| 61.44 | (24.58) | 13-Mar
| 206.46
| (118.15)
| 13-Apr | 1158.84 | (2034.72) | 14-Jan
| 7.03 | (2.03) | 14-Feb
| - | - | 14-Mar
| 125.00
| (72.39) | 14-Apr | 489.77 | (1079.62) | 15-Jan
| 104.71 | (30.18) | 15-Feb
| 11.72 | (4.70) | 15-Mar
| 232.20
| (135.45)
| 15-Apr | 309.27 | (764.25) | 16-Jan
| 40.26 | 11.64 | 16-Feb
| 33.22 | (13.33) | 16-Mar
| 355.61
| (210.29)
| 16-Apr | 873.39 | (2336.85) | 17-Jan
| - | - | 17-Feb
| 19.21 | (7.72) | 17-Mar
| 293.17
| (177.09)
| 17-Apr | 406.56 | (1419.54) | 18-Jan
| - | - | 18-Feb
| 3.61 | (1.45) | 18-Mar
| 583.88
| (359.05)
| 18-Apr | 120.13 | (488.87) | 19-Jan
| 55.59 | (16.09) | 19-Feb
| 37.75 | (15.18) | 19-Mar
| 209.29
| (133.49)
| 19-Apr | 69.11 | (295.68) | 20-Jan
| - | - | 20-Feb
| 12.04 | (4.85) | 20-Mar
| 191.56
| (123.84)
| 20-Apr | 513.14 | (2262.29) | 21-Jan
| 22.68 | (6.58) | 21-Feb
| - | - | 21-Mar
| 51.36
| (33.62)
| 21-Apr | 314.47 | (1791.63) | 22-Jan
| 11.98 | (3.48) | 22-Feb
| - | - | 22-Mar
| 50.68
| (33.29)
| 22-Apr | 155.03 | (1076.11) | 23-Jan
| 41.53 | (12.05) | 23-Feb
| 32.99 | (13.29) | 23-Mar
| 551.88
| (363.68)
| 23-Apr | 113.12 | (879.90) | 24-Jan
| - | - | 24-Feb
| 25.29 | (10.20) | 24-Mar
| 1,602.80
| (1,096.07)
| 24-Apr | 86.52 | (737.93) | 25-Jan
| - | - | 25-Feb
| 26.57 | (10.73) | 25-Mar
| 339.50
| (260.74)
| 25-Apr | 52.59 | (484.25) | 26-Jan
| 17.85 | (5.19) | 26-Feb
| 18.19 | (7.35) | 26-Mar
| 272.45
| (214.85)
| 26-Apr | 1033.39 |  | 27-Jan
| - | - | 27-Feb
| 21.30 | (8.62) | 27-Mar
| 304.75 | (245.60) |
|
|
| 28-Jan
| 16.80 | (4.88) | 28-Feb
| - | - | 28-Mar
| 96.48 | (79.71) |
|
|
| 29-Jan
| - | - |
|
|
| 29-Mar
| 54.98 | (45.79) |
|
|
| 30-Jan
| 3573.23 | (1039.32) |
|
|
| 30-Mar
| 807.74 | (675.81) |
|
|
| | 31-Jan | - | - |
|
|
| 31-Mar | 298.54 | (267.88) |
|
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|
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iRobot
Member of DD Central
Posts: 1,680
Likes: 2,477
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Post by iRobot on Feb 16, 2021 11:45:45 GMT
Worth keeping an eye on (as it is the platform's formal comms channel to all lenders), a few changes to the Access Accounts update page today; major ones shown below Before: After: |
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iRobot
Member of DD Central
Posts: 1,680
Likes: 2,477
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Post by iRobot on Mar 9, 2021 15:34:52 GMT
Email in today:
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iRobot
Member of DD Central
Posts: 1,680
Likes: 2,477
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Post by iRobot on May 26, 2021 18:10:26 GMT
Just wanted to flag that the following has been removed from AC's webpages*: " Withdrawals from our Access Accounts are slower than usual as we are no longer operating in normal market conditions as a result of Coronavirus. There is currently a queuing system in place, click here to find out more." Will be interesting to see if AC comms are imminent...  (* - the ones I had a monitor on, at least. The 'Access Accounts update' page linked in the 'click here' URL remains available at the time of posting.) |
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FAQs are now posted as a supplement to the blog document :
