johnt
Investing in Ratesetter, Zopa and Assetz Capital since 2013
Posts: 127
Likes: 71
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Post by johnt on Jul 21, 2020 13:54:59 GMT
Yeah I'm struggling to see how people nearer the front of the Access queue have moved forward in the queue more places than those further back in the queue. Surely it should be the other way round.
Here are mine by the way:
# Requests in front of me
10/07/20 1171
11/07/20 (didn't check)
12/07/20 1158
13/07/20 1157
14/07/20 1137
15/07/20 1136
16/07/20 1136
17/07/20 1134
18/07/20 1134
19/07/20 1134
20/07/20 1134
21/07/20 1115
Still quite early days but looks like they're currently averaging 5 places / day in the Access market.
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chris1200
Member of DD Central
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Likes: 508
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Post by chris1200 on Jul 21, 2020 13:59:49 GMT
Yeah I'm struggling to see how people nearer the front of the Access queue have moved forward in the queue more places than those further back in the queue. Surely it should be the other way round. and I have made a (somewhat speculative) guess on the previous page as to what's going on. Once star dust kindly inputs our updated figures this Friday, we might be able to see how this theory holds.
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corto
Member of DD Central
one-syllabistic
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Post by corto on Jul 21, 2020 14:42:38 GMT
For info (sorry, I don't check every day)
Ref# 16/07/2020 17/07/2020 21/07/2020
Access 13/03/2020 375067 318 317 299
1 Year 23/05/2020 407467 1186 1186 1153
5 Year 23/05/2020 407468 1402 1383 1232
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Post by abrown on Jul 21, 2020 17:11:23 GMT
ok, some more data. Still in position 60 but the status has changed to 'Processing' and I've just received an email saying it's expected to complete within 48 hours. A small amount has alraedy appeared in the holding account.
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Post by Ace on Jul 22, 2020 7:26:40 GMT
Largest qif drop I've seen so far in both Access and 5 year queues this morning.
Access dropped 29 to 12,124.
5 year dropped 129 to 331.
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Post by carol167 on Jul 22, 2020 7:31:26 GMT
Largest qif drop I've seen so far in both Access and 5 year queues this morning. Access dropped 29 to 12,124. 5 year dropped 129 to 331.
5 yr from 285 to 159.
I dropped only 126 in the 5 yr - so you've probably benefitted from an additional 3 cancellations between us. I wonder how many of the 126 were cancellations.
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johnt
Investing in Ratesetter, Zopa and Assetz Capital since 2013
Posts: 127
Likes: 71
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Post by johnt on Jul 22, 2020 7:34:32 GMT
Largest qif drop I've seen so far in both Access and 5 year queues this morning. Access dropped 29 to 12,124. 5 year dropped 129 to 331. Access queue moved 24 places for me
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chris1200
Member of DD Central
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Likes: 508
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Post by chris1200 on Jul 22, 2020 8:05:21 GMT
Access queue moved 24 places for me Same for me in Access. Will be interesting to see what abrown 's number today is... Might support the theory proposed by a few people (apologies that I have forgotten exactly who) that there is some from of 'pool' at the front of the queue, given that we haven't all fallen by 60+.
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robski
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Post by robski on Jul 22, 2020 8:21:25 GMT
Couple of thoughts
Disappearing people in the queue could be more than cancellations.
Clearly RS say that you dont lose your place in the queue if you change your RYI request. Lets assume this is correct.
So a person changing gets allocated a new number. I suspect the system will do all the stats based on the new numbering. So someone modifying a request would go to the back of the queue for stats purposes.
Not cancelling but editing. Lots of reasons someone would do this, such as such as getting a large repayment come through and deciding to reduce the amount being withdrawn, (not everyone is 100% doom and gloom about RS into the future)
RS have said that RYIs are manually processed, and there seems to be small batches processed, with people going to processing. Makes sense if its a manual exercise, take chunk, do a load of checks, is the request still valid etc.
Then process this chunk, matching to funds and deal with any issues before taking another chunk. They are clearly controlling the release amount from each market, so makes sense to say "lets release £200k from 1 year", target £200k of release requests and process them. If they are pulling the list from the original queue then they will find requests for lower amounts and cancellations as well, which could go some way to explaining also why there are days when teh queue seems to have plenty of cash available for RYIs, but the release is lower than you would expect.
Now at this point my suspicion is that you stick to the original request numbers for deciding which to process, sure some will be gone, cancelled but others will be edited, out of order and will be in effect brought forwards from the back of the queue to their original place for manual processing.
We know occasionally people have been missed and to me this confirms the manual processing thing.
And to me this is why you may see slight discrepencies between queue places reported etc. Its not a 100% static thing at any time. Whilst the system is calculating someone could amend an RYI or cancel it etc
The point of my rambling post? I think to say I don't agree every drop is a cancellation, I believe its more likely to be an amendment that means the system then uses the new number to calculate the queuing position, its not going to be materially incorrect unless many people do it constantly.
Personally I would be taking the queue position as indicative and directionally correct, I wouldnt be assuming its 100% spot on, and trying to reconcile movements across the whole RYI queue.
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aju
Member of DD Central
Posts: 3,500
Likes: 924
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Post by aju on Jul 22, 2020 8:22:07 GMT
Access queue moved 24 places for me Same for me in Access. Will be interesting to see what abrown 's number today is... Might support the theory proposed by a few people (apologies that I have forgotten exactly who) that there is some from of 'pool' at the front of the queue, given that we haven't all fallen by 60+. Might be interesting whether its also a rate block perhaps. We are miles away but our rates are much higher than many access rates even taking the halving issues too there must be matching issues although one could argue higher rates selling benefits rs profits going forwards. Just a personal thought though robski, i wonder also how many people like me are withdrawing all funds manually as well as having sell requests at the back for us. I made adjustment to all our account and found that was it as far as i can tell onlh a single adjusment per product allowed. I wnder if the system recognises when people have no more funds to sell if they are not sold through sale mechanisms. I notice some people reported this state in the main tables.
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puddleduck
Member of DD Central
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Post by puddleduck on Jul 22, 2020 8:26:39 GMT
I'm not really convinced by the need or usefulness of this daily commentary on overnight drops.
For folks up in the thousands, assuming 10 or 20 cancellation requests a day, you could be commenting on this for several years!
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chris1200
Member of DD Central
Posts: 827
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Post by chris1200 on Jul 22, 2020 8:30:55 GMT
I'm not really convinced by the need or usefulness of this daily commentary on overnight drops. For folks up in the thousands, assuming 10 or 20 cancellation requests a day, you could be commenting on this for several years! Personally, I think it's interesting at these early stages to work out how it all works. I think we might've got bored of it by now had we not had the occurrence of positions moving forward oddly earlier this week, and now abrown going into processing while still at #60 (as far as I'm aware, this is the first person we've had at the front of the queue since we got the queue positions?). So, I think, humour us by allowing a little time to work out what's going on  . There is, of course, no need for anyone to read this thread (which is only really for this discussion to be fair) if they don't want to.
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aju
Member of DD Central
Posts: 3,500
Likes: 924
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Post by aju on Jul 22, 2020 8:41:41 GMT
I'm not really convinced by the need or usefulness of this daily commentary on overnight drops. For folks up in the thousands, assuming 10 or 20 cancellation requests a day, you could be commenting on this for several years! Personally, I think it's interesting at these early stages to work out how it all works. I think we might've got bored of it by now had we not had the occurrence of positions moving forward oddly earlier this week, and now abrown going into processing while still at #60 (as far as I'm aware, this is the first person we've had at the front of the queue since we got the queue positions?). So, I think, humour us by allowing a little time to work out what's going on . There is, of course, no need for anyone to read this thread (which is only really for this discussion to be fair) if they don't want to. Sadly now we are selling the fun of chasing the best rates is no longer there, sad git that i am. As an ex systems designer it's inherently in my nature to find ways to get under the hood ... to understand is the path to winning i feel!. Besides it great fun too 
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chris1200
Member of DD Central
Posts: 827
Likes: 508
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Post by chris1200 on Jul 22, 2020 9:24:48 GMT
Couple of thoughts Disappearing people in the queue could be more than cancellations. Clearly RS say that you dont lose your place in the queue if you change your RYI request. Lets assume this is correct. So a person changing gets allocated a new number. I suspect the system will do all the stats based on the new numbering. So someone modifying a request would go to the back of the queue for stats purposes. Not cancelling but editing. Lots of reasons someone would do this, such as such as getting a large repayment come through and deciding to reduce the amount being withdrawn, (not everyone is 100% doom and gloom about RS into the future) RS have said that RYIs are manually processed, and there seems to be small batches processed, with people going to processing. Makes sense if its a manual exercise, take chunk, do a load of checks, is the request still valid etc. Then process this chunk, matching to funds and deal with any issues before taking another chunk. They are clearly controlling the release amount from each market, so makes sense to say "lets release £200k from 1 year", target £200k of release requests and process them. If they are pulling the list from the original queue then they will find requests for lower amounts and cancellations as well, which could go some way to explaining also why there are days when teh queue seems to have plenty of cash available for RYIs, but the release is lower than you would expect. Now at this point my suspicion is that you stick to the original request numbers for deciding which to process, sure some will be gone, cancelled but others will be edited, out of order and will be in effect brought forwards from the back of the queue to their original place for manual processing. We know occasionally people have been missed and to me this confirms the manual processing thing. And to me this is why you may see slight discrepencies between queue places reported etc. Its not a 100% static thing at any time. Whilst the system is calculating someone could amend an RYI or cancel it etc The point of my rambling post? I think to say I don't agree every drop is a cancellation, I believe its more likely to be an amendment that means the system then uses the new number to calculate the queuing position, its not going to be materially incorrect unless many people do it constantly. Personally I would be taking the queue position as indicative and directionally correct, I wouldnt be assuming its 100% spot on, and trying to reconcile movements across the whole RYI queue. I’ve suggested this previously but users who had amended their requests stated that they retained the same queue position. That’s not to say though, I suppose, that it is necessarily reflected this way for all other users in the queue.
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Post by abrown on Jul 23, 2020 15:33:10 GMT
Moved from 60 to 38 this morning, still in processing. No new cash in the holding account since Tuesday and I checked the transaction history and can still see lend orders being made for loans that are rolling over.
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. There is, of course, no need for anyone to read this thread (which is only really for this discussion to be fair) if they don't want to.