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Post by danny101 on Sept 4, 2020 13:57:55 GMT
Update. I had 75% of my funds released yesterday and this morning my queue number went down from 17 to "1" but my remaining funds have not be released yet. Does this indicate no releases in A/P/M today ?
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aju
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Post by aju on Sept 4, 2020 14:01:38 GMT
Update. I had 75% of my funds released yesterday and this morning my queue number went down from 17 to "1" but my remaining funds have not be released yet. Does this indicate no releases in A/P/M today ? Difficult to tell but since RS in the last 3 hours or so chucked over 3m (7.17M so far - since Sunday) into lending Volume I suspect not. Who knows as LV is new investment according to RS but I guess you will know soon....
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chris1200
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Post by chris1200 on Sept 4, 2020 14:19:55 GMT
Update. I had 75% of my funds released yesterday and this morning my queue number went down from 17 to "1" but my remaining funds have not be released yet. Does this indicate no releases in A/P/M today ? Appreciate you updating us! Re your question - there's been a bit of a theory on here (which you might've seen) that there's something of a 'pool' going on once RYI'ers get to below about #50 in the queue. At this point, the particular interest rate on your loans etc. might come into play when 'matching' you with an investor, or perhaps some other things we're not privy to in this process. But it certainly seems that RYI'ers within this 'pool' are processing more-or-less concurrently, which means it might well be that others have received some processing even if you haven't at #1. Edit: It's also worth noting that you only went down by 16 positions; I went down by 27. It's highly unlikely there were 11 cancellations between us, so likely (up to) 11 people behind you in the queue (but within the 'pool') were fully processed, while you haven't quite been yet.
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chris1200
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Post by chris1200 on Sept 4, 2020 14:22:01 GMT
Difficult to tell but since RS in the last 3 hours or so chucked over 3m (7.17M so far - since Sunday) into lending Volume I suspect not. Who knows as LV is new investment according to RS but I guess you will know soon.... (Just on my crusade for clarity, especially for new forum users) - it's new lending rather than new investment. Most of this investment money won't be new at all, it'll be re-investments from repayments.
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aju
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Post by aju on Sept 4, 2020 14:26:35 GMT
Update. I had 75% of my funds released yesterday and this morning my queue number went down from 17 to "1" but my remaining funds have not be released yet. Does this indicate no releases in A/P/M today ? Appreciate you updating us! Re your question - there's been a bit of a theory on here (which you might've seen) that there's something of a 'pool' going on once RYI'ers get to below about #50 in the queue. At this point, the particular interest rate on your loans etc. might come into play when 'matching' you with an investor, or perhaps some other things we're not privy to in this process. But it certainly seems that RYI'ers within this 'pool' are processing more-or-less concurrently, which means it might well be that others have received some processing even if you haven't at #1. I'd agree with that notion of matching rates etc. Those of us who really played the Rate Setting approach may find that our rates are higher than others and therefore may be slower to match mind you one could take the other view that higher rates being sold could be offloaded quicker to lower rated people/loans and RS could push some more funds into the PF perhaps. As you say though its just a light theory who knows what RS does and how they spread things around at this low level.
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aju
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Post by aju on Sept 4, 2020 14:32:14 GMT
Difficult to tell but since RS in the last 3 hours or so chucked over 3m (7.17M so far - since Sunday) into lending Volume I suspect not. Who knows as LV is new investment according to RS but I guess you will know soon.... (Just on my crusade for clarity, especially for new forum users) - it's new lending rather than new investment. Most of this investment money won't be new at all, it'll be re-investments from repayments. Actually I think they called it new loans, it could actually be new lending, I have lent new money myself - not much mind - since the shutoff of new investors.
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chris1200
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Post by chris1200 on Sept 4, 2020 14:33:09 GMT
(Just on my crusade for clarity, especially for new forum users) - it's new lending rather than new investment. Most of this investment money won't be new at all, it'll be re-investments from repayments. Actually I think they called it new loans, it could actually be new lending, I have lent new money myself - not much mind - since the shutoff of new investors. New loans = new lending 
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Post by abrown on Sept 7, 2020 11:05:40 GMT
The only entry in stardust's list for you seems to suggest 10k in Plus - that took over 6 weeks or am I missing something. Yeah, it was a single RYI for 10k, I'd received about 2k back up until last week, then I got all but £20 back last Thursday, and the final £20 just a few minutes ago. I was in position 38 when it went into processing, so that may have been unusual and explain why it took so long, maybe it wasn't supposed to be in processing until a lot later.
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aju
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Post by aju on Sept 7, 2020 11:27:27 GMT
The only entry in stardust's list for you seems to suggest 10k in Plus - that took over 6 weeks or am I missing something. Yeah, it was a single RYI for 10k, I'd received about 2k back up until last week, then I got all but £20 back last Thursday, and the final £20 just a few minutes ago. I was in position 38 when it went into processing, so that may have been unusual and explain why it took so long, maybe it wasn't supposed to be in processing until a lot later. That explains the confusion then, thx. The queue seem to be somewhat of a mystery it seems. Did you have a wide span of rates where the high/low ones were processed quicker perhaps although to be fair if it goes it goes usually. I know our 5Y loans went very quickly a few weeks back when I blinked and missed it - well a couple of hours between the queue showing 30 or so then it went to completed after an hour or so. I realise the 5 year is very different to the APM markets though.
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chris1200
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Post by chris1200 on Sept 7, 2020 12:08:10 GMT
Yeah, it was a single RYI for 10k, I'd received about 2k back up until last week, then I got all but £20 back last Thursday, and the final £20 just a few minutes ago. I was in position 38 when it went into processing, so that may have been unusual and explain why it took so long, maybe it wasn't supposed to be in processing until a lot later. That explains the confusion then, thx. The queue seem to be somewhat of a mystery it seems. Did you have a wide span of rates where the high/low ones were processed quicker perhaps although to be fair if it goes it goes usually. I know our 5Y loans went very quickly a few weeks back when I blinked and missed it - well a couple of hours between the queue showing 30 or so then it went to completed after an hour or so. I realise the 5 year is very different to the APM markets though. I asked abrown this previously, and the response (and subsequent conjecture by myself) is here. (Edit: Actually, it seems you probably saw this already as you quote-replied to my post  ) I wouldn't be surprised if having loans with lower rates than the standard going rate might slow things down; although I'm not sure if that explains everything here.
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Post by danny101 on Sept 7, 2020 12:22:49 GMT
RS quote in there RYI email confirmations that "matched loans will be sold on a last in first out basis regardless of rate". This confirms that rates do not dictate RYI sales, i.e lower rate loans do not take longer(according to RS) or am I missing something.
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chris1200
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Post by chris1200 on Sept 7, 2020 12:27:26 GMT
RS quote in there RYI email confirmations that "matched loans will be sold on a last in first out basis regardless of rate". This confirms that rates do not dictate RYI sales, i.e lower rate loans do not take longer(according to RS) or am I missing something. Hmmm... interesting. It seems to confirm order of sales, but not necessarily that loan rates won't play a role (e.g., if you have a 2.8% Access loan, then you need to wait until an investor offers funds @ 2.8% to achieve an RYI sale - which will likely take longer than 3%+). But, I agree, it does suggest that RS won't process your easily sellable loans first, while you wait for the harder ones... But rates could also be a complete red herring! The mystery of the queue never ends!
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aju
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Post by aju on Sept 7, 2020 13:40:26 GMT
That explains the confusion then, thx. The queue seem to be somewhat of a mystery it seems. Did you have a wide span of rates where the high/low ones were processed quicker perhaps although to be fair if it goes it goes usually. I know our 5Y loans went very quickly a few weeks back when I blinked and missed it - well a couple of hours between the queue showing 30 or so then it went to completed after an hour or so. I realise the 5 year is very different to the APM markets though. I asked abrown this previously, and the response (and subsequent conjecture by myself) is here. (Edit: Actually, it seems you probably saw this already as you quote-replied to my post ) I wouldn't be surprised if having loans with lower rates than the standard going rate might slow things down; although I'm not sure if that explains everything here. thx Chris I am acutely aware my brain is not as retentive as when i was younger without you keep repeating yourself so apologies for that. You do like to be centre of the action I understand that but I don't have an urgent need for a second wife thanks.
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chris1200
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Post by chris1200 on Sept 7, 2020 13:44:03 GMT
I asked abrown this previously, and the response (and subsequent conjecture by myself) is here. (Edit: Actually, it seems you probably saw this already as you quote-replied to my post ) I wouldn't be surprised if having loans with lower rates than the standard going rate might slow things down; although I'm not sure if that explains everything here. thx Chris I am acutely aware my brain is not as retentive as when i was younger without you keep repeating yourself so apologies for that. You do like to be centre of the action I understand that but I don't have an urgent need for a second wife thanks. Err... I was just trying to be helpful Honestly, this forum...
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Greenwood2
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Post by Greenwood2 on Sept 7, 2020 13:47:30 GMT
I asked abrown this previously, and the response (and subsequent conjecture by myself) is here. (Edit: Actually, it seems you probably saw this already as you quote-replied to my post ) I wouldn't be surprised if having loans with lower rates than the standard going rate might slow things down; although I'm not sure if that explains everything here. thx Chris I am acutely aware my brain is not as retentive as when i was younger without you keep repeating yourself so apologies for that. You do like to be centre of the action I understand that but I don't have an urgent need for a second wife thanks. And there I was looking through posts to see where you did or didn't ask for a second wife....  Think I'm slowing down a bit too!
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Think I'm slowing down a bit too!