erniec
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Post by erniec on May 15, 2020 14:52:56 GMT
Surely all these RYIs processing suggests a significant injection of funds from some source?
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chris1200
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Post by chris1200 on May 15, 2020 14:57:55 GMT
I'm just behind you in Access (ref 374968) and I'm still showing as 'queuing' so the front of the queue appears to be somewhere in between us. This is the most exciting development we've seen in weeks! Possibly a large loan has defaulted and the PF has injected a large chunk of cash into the market today? I can't think what else would be causing the queue to jump forward so quickly? Or, just by random chance, there were a bunch of very low requests in a row and/or a bunch of 1 Year/5 Year market requests in a row. We really shouldn't treat queue position number as definitely consistent. I keep banging on about this only because no one seems to listen 
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erniec
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Post by erniec on May 15, 2020 14:58:28 GMT
It’ll be interesting to see today’s RYI numbers at the end of the day.
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chris1200
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Post by chris1200 on May 15, 2020 14:58:43 GMT
I understood that The provision fund has nothing to do with liquidity. My guess if these "processings" are correct is that an investor has decided to inject some capital in to help ratesetter out, maybe has a financial interest in ratesetter and doesn't want it to flounder. Only new investments buying second hand loans can get the queue moving? It depends if the repayment money is re-invested by the lender. Then it is helpful for our purposes.
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Post by ruralres66 on May 15, 2020 15:00:46 GMT
Yesterday I rang RS and had a mini- moan informal complaint about the understating/misleading RS statements of the timeframes. I also put this is the comment box that popped up.
You never know if the constant drip drip by those long term lenders who have given RS the benefit of the doubt.... been supportive with feedback about preserving confidence etc ...may be the message is finally getting through to those who count like RL.
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savernake
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Post by savernake on May 15, 2020 15:03:12 GMT
I understood that The provision fund has nothing to do with liquidity. My guess if these "processings" are correct is that an investor has decided to inject some capital in to help ratesetter out, maybe has a financial interest in ratesetter and doesn't want it to flounder. Only new investments buying second hand loans can get the queue moving? Agreed. The fact that all three markets seem to have started shifting at the same time suggests an external injection of capital is the more likely reason.
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chris1200
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Post by chris1200 on May 15, 2020 15:15:16 GMT
I understood that The provision fund has nothing to do with liquidity. My guess if these "processings" are correct is that an investor has decided to inject some capital in to help ratesetter out, maybe has a financial interest in ratesetter and doesn't want it to flounder. Only new investments buying second hand loans can get the queue moving? Agreed. The fact that all three markets seem to have started shifting at the same time suggests an external injection of capital is the more likely reason. The idea of an external investor funding our withdrawals seems odd to me. As does RS involving such investors in their retail/consumer markets. As I understand it, institutional money is usually kept separate. I suppose today's figure will give us an idea whether it's actually more money processed, or just more investors. But, even if it's the former, we won't know the source.
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chris1200
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Post by chris1200 on May 15, 2020 15:15:39 GMT
Can anyone explain to me why just under "the amount on loan" column has a new heading "pending release" my amount on loan is £25488 but amount "pending release" is £28092. ? Because you've had repayments since you made the request.
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Post by danny101 on May 15, 2020 15:22:00 GMT
I only have £25488 on loan, nothing in holding nothing pending to be matched. What's the £2603 difference?. Must be an error? This "pending release" figure only appeared yesterday.
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chris1200
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Post by chris1200 on May 15, 2020 15:24:32 GMT
I only have £25488 on loan, nothing in holding nothing pending to be matched. What's the £2603 difference?. Must be an error? This "pending release" figure only appeared yesterday. I think I just told you why this is...? You will have requested this amount some time ago. In that time you will have received repayments and withdrawn them (which you even mentioned in a post here: p2pindependentforum.com/post/387839/thread). The total amount of this will be the difference between your 'pending release' figure and your current amount on loan.
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beagle
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Post by beagle on May 15, 2020 15:25:05 GMT
Can anyone explain to me why just under "the amount on loan" column has a new heading "pending release" my amount on loan is £25488 but amount "pending release" is £28092. ? Because you've had repayments since you made the request. Agree, I do not think it would be a large external. I suspect it is a surge in repayments as if it was the former surely there would be a posting or somesort.
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chris1200
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Post by chris1200 on May 15, 2020 15:27:03 GMT
Because you've had repayments since you made the request. Agree, I do not think it would be a large external. I suspect it is a surge in repayments as if it was the former surely there would be a posting or somesort. Wrong quote 
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beagle
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Post by beagle on May 15, 2020 15:30:38 GMT
Agree, I do not think it would be a large external. I suspect it is a surge in repayments as if it was the former surely there would be a posting or somesort. Wrong quote Sir, you got me But you know what I mean haha
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chris1200
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Post by chris1200 on May 15, 2020 15:33:08 GMT
Good afternoon all. Unfortunately a system error has caused a number of release requests to have been wrongly labelled as “in progress”. A fix for this labelling error is being worked on with urgency and we are very sorry that this will cause disappointment. Actual processing of requests is unaffected and we are continuing to deliver in the usual way. Today we have delivered £0.5m and we will provide the usual delivery update on our website and on the forum. Hahahahaha - we're so stupid
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beagle
Investor in ratesetter, funding circle, lendy (lesson learnt) and AC
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Post by beagle on May 15, 2020 15:34:18 GMT
Good afternoon all. Unfortunately a system error has caused a number of release requests to have been wrongly labelled as “in progress”. A fix for this labelling error is being worked on with urgency and we are very sorry that this will cause disappointment. Actual processing of requests is unaffected and we are continuing to deliver in the usual way. Today we have delivered £0.5m and we will provide the usual delivery update on our website and on the forum. What else could it be hahahah a sodding mistake Ratesetter.... i know we are in lockdown but April fools day was last month
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