johnt
Investing in Ratesetter, Zopa and Assetz Capital since 2013
Posts: 127
Likes: 71
|
Post by johnt on Aug 14, 2020 14:37:24 GMT
I've been logging the number of requests in front of me in an excel spreadsheet every day since the feature was made available to us. The average across the 5 weeks for the Access queue is a movement of 3 positions a week day meaning my previous predicted release dates (quoted below) have been pushed back 6 months based on this level of progress. I'll keep monitoring and plotting in the meantime  | Week | Average daily place movement | 1
| 5.3 | | 2 | 6.1 | | 3 | 0.6 | | 4 | 1.3 | | 5 | 2 |
So the rolling 7 day average for Access QIF is currently 5 positions / week which is actually in line with my predicted release dates below. On the 9 April, RS started releasing requests in the Access market for 11 March, completing on 20 April so completed 18 requests and released £0.7 million on average per day. On 21 April, RS started releasing requests in the Access market for 12 March, completing on 1 July so completed 14.2 requests and released £0.5 million on average per day. As others have rightly pointed out, that doesn't take into account that there are other markets using the same request ID's and some requests will have been cancelled or fulfilled from payments but you can get a very rough idea when you can expect your RYI to be released in the Access using the above info. Personally I use 10 requests a day for a more realistic date. So assuming nothing changes, based on 10 requests a day, I estimate that RS will finish processing release requests in the Access market as follows: 13 March - 8 September 2020 14 March - 6 October 2020 15 March - 20 December 2020 16 March - 30 June 2021 17 March - 20 December 2021 18 March - 10 May 2022 19 March - 8 October 2022 Obviously the further afield you look, the more inaccurate the estimate will be as I'm sure a lot will happen in the future that will have a significant effect on the RYIs. |
|
chris1200
Member of DD Central
Posts: 827
Likes: 508
|
Post by chris1200 on Aug 14, 2020 15:00:41 GMT
I've been logging the number of requests in front of me in an excel spreadsheet every day since the feature was made available to us. The average across the 5 weeks for the Access queue is a movement of 3 positions a week meaning my previous predicted release dates (quoted below) have been pushed back 6 months based on this level of progress. I'll keep monitoring and plotting in the meantime | Week | Average place movement | 1
| 5.3 | | 2 | 6.1 | | 3 | 0.6 | | 4 | 1.3 | | 5 | 2 |
So the rolling 7 day average for Access QIF is currently 5 positions / week which is actually in line with my predicted release dates below. Can this be right? I’ve moved forward 97 places in A/P/M since we started tracking five weeks ago... Am I missing something? Edit: Have you perhaps confused ‘per week’ and ‘per day’?
|
|
johnt
Investing in Ratesetter, Zopa and Assetz Capital since 2013
Posts: 127
Likes: 71
|
Post by johnt on Aug 14, 2020 15:17:38 GMT
Can this be right? I’ve moved forward 97 places in A/P/M since we started tracking five weeks ago... Am I missing something? Edit: Have you perhaps confused ‘per week’ and ‘per day’? Well spotted, I've amended my post
|
|
chris1200
Member of DD Central
Posts: 827
Likes: 508
|
Post by chris1200 on Aug 14, 2020 15:28:40 GMT
Can this be right? I’ve moved forward 97 places in A/P/M since we started tracking five weeks ago... Am I missing something? Edit: Have you perhaps confused ‘per week’ and ‘per day’? Well spotted, I've amended my post Thanks I’m never quite sure these days with the mystery that is this queue!!
|
|
|
|
Post by abrown on Aug 20, 2020 16:21:26 GMT
Well it's been a month since I last checked Ratesetter, my RYI has moved from 38 to 14, still in processing, but in the last month I haven't received a single penny in interest from Plus and there have been no transactions at all on my Plus account, which is a little bit worrying. If there was no RYI pending i would have expected at least some interest and repayments over a month.
|
|
|
|
Post by danny101 on Aug 20, 2020 16:41:07 GMT
I wouldn't worry, I guess it is all due to processing and will come out in the wash. Can't believe you have been in processing that long. Have you got any funds back yet? I, m number 33 but by the looks of it still have weeks to wait. .
|
|
aju
Member of DD Central
Posts: 3,500 
Likes: 924
|
Post by aju on Aug 20, 2020 16:57:10 GMT
"eee you had it good lad, we used to live in't shoebox in't middle t rood ...." (Monty Python c1970's)
Spare a thought for a poor bugger up here at 13421 in Access queue, mind you we do move a bit faster up here with the mountain goats. I've moved 268 places (most of that will be cancellations rather than actual real movement) so there!.
|
|
|
|
Post by danny101 on Aug 20, 2020 17:08:55 GMT
Cheeky bugger🤔
|
|
|
|
Post by abrown on Aug 20, 2020 18:05:13 GMT
Have you got any funds back yet? About 15% back in total since March 13th, most through ordinary repayments, about 5% in one go when the RYI went into processing, and nothing since.
|
|
chris1200
Member of DD Central
Posts: 827
Likes: 508
|
Post by chris1200 on Aug 20, 2020 22:27:30 GMT
Have you got any funds back yet? About 15% back in total since March 13th, most through ordinary repayments, about 5% in one go when the RYI went into processing, and nothing since. That is... weird. Are you aware of anything in particular about the 5% that went, e.g. much higher interest rate than the rest of your portfolio of loans? Otherwise I'm a bit stumped for why this would happen. Have you been in touch with RS about it at all?
|
|
|
|
Post by abrown on Aug 21, 2020 9:01:41 GMT
I can't find a way to see the rates for the repaid loans on Ratesetter, current contracts range from 3.4 to 4%. The money I got back at the start of the RYI, marked as RepaymentSellOut in the transaction history, came from only three contracts, none of these appear in "On Loan/Your money on loan" or "On loan/Your Repaid Money", which in theory should cover all contracts I'm in or have been in. Maybe RYI's in processing put contracts in a third state I can't query.
|
|
up
Posts: 59
Likes: 62
|
Post by up on Aug 21, 2020 9:16:08 GMT
I can't find a way to see the rates for the repaid loans on Ratesetter, current contracts range from 3.4 to 4%. The money I got back at the start of the RYI, marked as RepaymentSellOut in the transaction history, came from only three contracts, none of these appear in "On Loan/Your money on loan" or "On loan/Your Repaid Money", which in theory should cover all contracts I'm in or have been in. Maybe RYI's in processing put contracts in a third state I can't query. I agree / noted previously. It is a flaw with RYI design. From transaction history you can still access contract numbers Cxxx. And your account still can access those contract/loan details in theory. But you need a url that is formed with an ID that is separate to the Cxxx so there is no route unless you have kept a copy of the Your money on loan links prior to the RYI. Possibly RS could give them to you if only 3 contracts. Also if those are in Access then are they not recycled versions of prior month contracts for which you probably do still have access.
|
|
chris1200
Member of DD Central
Posts: 827
Likes: 508
|
Post by chris1200 on Aug 21, 2020 9:33:06 GMT
I can't find a way to see the rates for the repaid loans on Ratesetter, current contracts range from 3.4 to 4%. The money I got back at the start of the RYI, marked as RepaymentSellOut in the transaction history, came from only three contracts, none of these appear in "On Loan/Your money on loan" or "On loan/Your Repaid Money", which in theory should cover all contracts I'm in or have been in. Maybe RYI's in processing put contracts in a third state I can't query. Thanks v much for trying, at least. This is a Plus RYI request, right? If so, perhaps interesting that at least some of your contracts are below the standard going rate for this market. I don't know the extent to which that could potentially hold up their processing (although this shouldn't then apply to the ones as high as 4%, of course...). All of my loans are 5%-5.1% in Access - and I do wish that high rate allowed me to speed through a bit quicker! If you do query this with RS, please do let us know what they say.
|
|
aju
Member of DD Central
Posts: 3,500
Likes: 924
|
Post by aju on Aug 21, 2020 9:41:56 GMT
I can't find a way to see the rates for the repaid loans on Ratesetter, current contracts range from 3.4 to 4%. The money I got back at the start of the RYI, marked as RepaymentSellOut in the transaction history, came from only three contracts, none of these appear in "On Loan/Your money on loan" or "On loan/Your Repaid Money", which in theory should cover all contracts I'm in or have been in. Maybe RYI's in processing put contracts in a third state I can't query. Thanks v much for trying, at least. This is a Plus RYI request, right? If so, perhaps interesting that at least some of your contracts are below the standard going rate for this market. I don't know the extent to which that could potentially hold up their processing (although this shouldn't then apply to the ones as high as 4%, of course...). All of my loans are 5%-5.1% in Access - and I do wish that high rate allowed me to speed through a bit quicker! If you do query this with RS, please do let us know what they say. Its not that easy even if one has recorded them at the outset either, I did record them all and it was easy to follow them in situ and add new ones until RS decided to move the loan ID into the loan detail level and then lining up the contract ID's that changed monthly became much harder. Thankfully I did not have more than 50 loans between us so my tables were easy to keep a modicum of track on. No help to you guys I know but be interesting to see if RS has an answer. They should be able to product a report that details all this stuff for you. I tend to focus more on the monthly stuff that I can see when I download my monthlies, All contract id's though but I just use them for monthly stats and checks
|
|
aju
Member of DD Central
Posts: 3,500
Likes: 924
|
Post by aju on Aug 22, 2020 8:37:52 GMT
The 1Y dropped 14 places overnight, i'm guessing all were cancellations but one can live in hope i guess.  for us that was more positions in the day than the last 2 weeks. Mind you not really bothered but would be interesting to see what happens at the front of our tables. |
|
So the rolling 7 day average for Access QIF is currently 5 positions / week which is actually in line with my predicted release dates below.
