chris1200
Member of DD Central
Posts: 827
Likes: 508
|
Post by chris1200 on Jul 14, 2020 9:21:31 GMT
Not sure, but I think it has to do with the issue of RYIs being processed but not fully completed - see p2pindependentforum.com/post/395170/threadYou can reach the front of the queue but still have requests in front of you - and I know that's an oxymoron, but that's RS not me. More speculation ... but I wonder how RS deal with the fact that the loans being RYI'ed are all at different rates? If they were doing their best to match rates between the two parties to the swap, then it would make sense for the front of the queue not to be one lender but possibly a small pool of lenders. I presume that in the end RS will take the hit or benefit from any mismatch but you could imagine them wanting to minimise that... I also had a pet theory that some of the leftover funds for those reaching the end of the queue (but not below £10) might be waiting for a more exact 'match' in terms of amount until they could be processed. But yes, also entirely speculation.
|
|
|
|
Post by Deleted on Jul 14, 2020 9:39:10 GMT
Not sure, but I think it has to do with the issue of RYIs being processed but not fully completed - see p2pindependentforum.com/post/395170/threadYou can reach the front of the queue but still have requests in front of you - and I know that's an oxymoron, but that's RS not me. More speculation ... but I wonder how RS deal with the fact that the loans being RYI'ed are all at different rates? If they were doing their best to match rates between the two parties to the swap, then it would make sense for the front of the queue not to be one lender but possibly a small pool of lenders. I presume that in the end RS will take the hit or benefit from any mismatch but you could imagine them wanting to minimise that... RS allocates lenders' money from the front of the queue and that has the lowest rates. RS seems to let rates get up to a maximum of around 3.5% (in Access) when assessing how much to process. I suspect the average new lending rate is below the original lending rate as many of us had rates way above the Going Rate, which will generate a saving for RS going forward.
|
|
aju
Member of DD Central
Posts: 3,500 
Likes: 924
|
Post by aju on Jul 14, 2020 9:44:50 GMT
Not sure, but I think it has to do with the issue of RYIs being processed but not fully completed - see p2pindependentforum.com/post/395170/threadYou can reach the front of the queue but still have requests in front of you - and I know that's an oxymoron, but that's RS not me. More speculation ... but I wonder how RS deal with the fact that the loans being RYI'ed are all at different rates? If they were doing their best to match rates between the two parties to the swap, then it would make sense for the front of the queue not to be one lender but possibly a small pool of lenders. I presume that in the end RS will take the hit or benefit from any mismatch but you could imagine them wanting to minimise that... I had been wondering that one myself as in access that I have most of the loans are up near 5% and above but there will be many more loans way below that level at MR levels. It must be a technical nightmare for RS or as you say they take a hit. Zopa solves a lot of this by having what they call a Market Rate Adjustment (MRA) which can be quite a hit on ones overall returns - mind you better to have the money in a secure location in these uncertain times than to be worrying about a cut in return rate as the loans take much longer to sell.
|
|
coogaruk
Hello everyone! Anyone remember me?
Posts: 706
Likes: 464
|
Post by coogaruk on Jul 14, 2020 11:01:14 GMT
So boring for you that you still feel the need to reply and comment heh... anyway I'm out of here Are you like real, you are now really showing me just what chris1200 is trying to show and you are becoming somewhat of a vindictive and exacerbating individual. Please Ton ⓉⓞⓃ , and others in control of these forums put a stop to this. for the first time ever since I joined this platform and others some years back now I am taking the opportunity to block @freddie123 as I don't think this individual is anything other than accusing others of being abusive when it is them that are acting in this unnecessary way.
Took me right back to my Zopa forum days, that lot did. Oh, how I long for the good old days sometimes! 
|
|
chris1200
Member of DD Central
Posts: 827
Likes: 508
|
Post by chris1200 on Jul 14, 2020 11:11:34 GMT
Friday 902 Monday 901..... how long before I get my money out? 901 days!! Today 881. Probably 902 had a very large amount invested. So to sum up no idea when access will pay me. As I am invested at 6.2% not going to cry over it. Well maybe a little! [Have pasted over here given the other discussion of this.] Are you sure 902 wasn't your Saturday figure? I and others went down by double digits in Access between Friday and Saturday. But between Saturday and Monday I did only go down by 1; this is because RYI requests aren't processed at the weekend (that '1' was likely a cancellation). So I think you're probably just comparing a weekday update with a weekend update; the latter of which is never going to go down by very much (if at all). Extrapolating from the lack of progress at the weekend (to give you 901 days!) probably isn't very helpful.
|
|
sd2
Member of DD Central
Posts: 621
Likes: 224
|
Post by sd2 on Jul 14, 2020 21:09:40 GMT
Friday 902 Monday 901..... how long before I get my money out? 901 days!! Today 881. Probably 902 had a very large amount invested. So to sum up no idea when access will pay me. As I am invested at 6.2% not going to cry over it. Well Extrapolating from the lack of progress at the weekend (to give you 901 days!) probably isn't very helpful. Nor a serious one. Hence !!
|
|
|
|
Post by shanghaiscouse on Jul 15, 2020 6:55:12 GMT
Fair enough, RS forced into publishing this info because we are already publishing it on here. ? That isn't why they publish it. the reason is the same reason they keep publishing the amounts RYId each week. It is to give you a feeling of progress in the hope that you cancel your RYI. Its a kind of reverse psychology. Given that a big proportion of existing customers have RYId and we are essentially in a "run on the bank" situation, they have nothing to lose in terms of more people RYIing. They only hope to gain by influencing some people to give up and cancel their RYI.
|
|
chris1200
Member of DD Central
Posts: 827
Likes: 508
|
Post by chris1200 on Jul 15, 2020 7:37:32 GMT
Fair enough, RS forced into publishing this info because we are already publishing it on here. ? That isn't why they publish it. the reason is the same reason they keep publishing the amounts RYId each week. It is to give you a feeling of progress in the hope that you cancel your RYI. Its a kind of reverse psychology. Given that a big proportion of existing customers have RYId and we are essentially in a "run on the bank" situation, they have nothing to lose in terms of more people RYIing. They only hope to gain by influencing some people to give up and cancel their RYI. What would be the motivation to ‘give up’ and cancel if you’re far away from the front of the queue? You may as well keep it as an insurance policy? If anything, it’s when you’re almost at the front of the queue that you really have to make the decision. Maybe, just maybe, there’s no conspiracy here and RS - as they said - were just responding to this being repeatedly requested in feedback (which doesn’t surprise me given the majority will not be seeing the progress visible through this forum).
|
|
johnt
Investing in Ratesetter, Zopa and Assetz Capital since 2013
Posts: 127
Likes: 71
|
Post by johnt on Jul 15, 2020 8:14:45 GMT
Anyone else notice that the Access queue only moved one place yesterday? That's a massive drop from the 20 places it moved on Monday.
I'm plotting these queue places in a spreadsheet, expecting that the average movement to be about 10-12 places / day but currently it's only 7.
|
|
bt
Sir Bufton Tufton, Jean Paul Sartre Zippy, Bungle, Jeffrey Archer Andre Previn and the LSO Hello
Posts: 129
Likes: 53
|
Post by bt on Jul 15, 2020 8:23:24 GMT
It was 3 places for me. Woo hoo!
|
|
chris1200
Member of DD Central
Posts: 827
Likes: 508
|
Post by chris1200 on Jul 15, 2020 8:24:06 GMT
My post in the other thread: Delivered £0.5 million and yet the Access queue only moved by one place yesterday.... Wow! I was thinking the same. I guess we either have an investor or two with a v large amount (entirely possible), or - as others have suggested before - it could be that not all markets have RYIs processed every day and the 1 place was a cancellation. Or somewhere in between the two. That we're seeing these sorts of fluctuations doesn't surprise me, though. This was never going to be a linear thing, so I wouldn't think of it as a 'massive drop'. Much like the delight that is tracking Covid case and death numbers, it'll be your moving average that's by far the best indicator. |
|
aju
Member of DD Central
Posts: 3,500
Likes: 924
|
Post by aju on Jul 15, 2020 8:37:11 GMT
My Numbers for last day ...
Tue 10:15 Wed 08:50 Reduction
E/D 5year 1030 1007 23
----------------------------------------------------
ISA Access 13657 13652 5
ISA 1year 984 984 0
ISA 5year 1002 979 23
Mrs Aju's numbers
Tue 10:15 Wed 08:50 Reduction
E/D Access 13796 13791 5
E/D 5year 1031 1008 23
----------------------------------------------------
ISA Access 13798 13793 5
ISA 1year 999 999 0
ISA 5year 1032 1009 23
So the general thing I get from my numbers over the last day is the overall numbers fell as follows
Access 5
1Y 0
5Y 23
whilst I don't have figures for all my accounts previously but my ISA for the 3 days from Sat 11/7 @ 14:42 to Tue 14/7 @ 10:15 the figures fell as follows
Access 32
1Y 1
5Y 72
I will be monitoring my data daily from now to see if there is any thing that sticks out but I'm not sure if this is of any use to anyone else though.
Edit: Just noticed others numbers and am not sure the whole numbers thing might depend on where one is in the queue. So without knowing the number one is at relative to the numbers reduction it still seems that RS may not be releasing funds at the same rate for each level interest rate. Both myself and Mrs Aju have higher than Market rates both before and since the newer products. I wonder if this is a factor too.
|
|
johnt
Investing in Ratesetter, Zopa and Assetz Capital since 2013
Posts: 127
Likes: 71
|
Post by johnt on Jul 15, 2020 8:44:36 GMT
My Numbers for last day ... Tue 10:15 Wed 08:50 ReductionE/D 5year 1030 1007 23----------------------------------------------------
ISA Access 13657 13652 5ISA 1year 984 984 0ISA 5year 1002 979 23Mrs Aju's numbers Tue 10:15 Wed 08:50 ReductionE/D Access 13796 13791 5E/D 5year 1031 1008 23----------------------------------------------------
ISA Access 13798 13793 5ISA 1year 999 999 0ISA 5year 1032 1009 23So the general thing I get from my numbers over the last day is the overall numbers fell as follows Access 5 1Y 0 5Y 23 whilst I don't have figures for all my accounts previously but my ISA for the 3 days from Sat 11/7 @ 14:42 to Tue 14/7 @ 10:15 the figures fell as follows Access 32 1Y 1 5Y 72 I will be monitoring my data daily from now to see if there is any thing that sticks out but I'm not sure if this is of any use to anyone else though. The further behind you are in the queue, the faster it will seem that the queue is moving because there will be a higher number of cancellations in front of you than someone who is near the front. So ideally you want to take data entry points from someone near the front of the queue if you just want to see how fast the queue is moving based entirely on money being released by RS. I'm happy to share my figures once I have enough data entry points.
|
|
|
|
Post by abrown on Jul 15, 2020 8:49:35 GMT
Anyone else notice that the Access queue only moved one place yesterday? No change for me on Plus, 79 yesterday and today.
|
|
aju
Member of DD Central
Posts: 3,500
Likes: 924
|
Post by aju on Jul 15, 2020 8:53:35 GMT
johnt , I did suspect that might be the case one thing I am doing is monitoring this to see how close we might be to the front and also be able to catch the front point of the 1Y and 5Y so I can jump in and make sure I keep those products even though I am unlikely to be actively lending in the near furture (Mrs Aju is on my back still )  . My own feeling is that RS is not as badly placed as many on here suggest, but in these uncertain times we are recovering as best we can so as to mitigate the returns to overide any capital that may or may not be in danger. Zopa is proving much more speedy for us than RS but that's most likely that I had taken the decision to withdraw from Zopa much earlier that RS (early May) - we also had a much heavier involvement in Zopa too. We are relative latecomers to RS over the last 2 years or so we have been in Zopa in a much bigger way for much longer.
|
|
.