aju
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Post by aju on Jul 17, 2020 9:00:35 GMT
...<Snipped> 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. I do hope you are wrong as we are sitting at 4th and 5th May for access requests, the loans will have finished before we reach the RYI...
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Post by abrown on Jul 17, 2020 9:06:39 GMT
No change in the position of my Plus RYI, still at 79, as yesterday and Wednesday.
When I first saw the 92% figure on the progress bar I worked it out as a straight estimate in time and it implied I'd get the money around the 24th. The bar is now at 94% so on the same basis there're 8 days to go ((126/0.94)-126)
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ceejay
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Post by ceejay on Jul 17, 2020 9:15:48 GMT
...<Snipped> 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. I do hope you are wrong as we are sitting at 4th and 5th May for access requests, the loans will have finished before we reach the RYI... I think those estimates, with all the usual caveats, are probably in the right ballpark - and an Access RYI from early May has pretty much zero chance of completing unless something radical changes. My own simple extrapolations - looking at the numbers for my Access RYI in conjunction with the actual terms and sizes of my Access loans - suggest that my Access investment will come to a natural conclusion (as long as the platform is still running!!!) between 2 and 12 months before my RYI would get to the front of the queue.
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aju
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Post by aju on Jul 17, 2020 9:19:14 GMT
So if this is the case surely RS will die a horrible death when word starts to get out.
Why would anyone want to invest for the future and begs the question what on earth are the people on who are cancelling their RYI's.
On the other hand all my loans are way above the normal rates most get so if it doesn't collapse in dust then I will at least be in the money!
Further we probably should not be talking in this way with these predictions as the run will start up again and no one will invest again ... Just a thought of course ...
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chris1200
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Post by chris1200 on Jul 17, 2020 9:49:42 GMT
I think we have to be careful about judging too much from this one week. As has been said many times already, we don't know exactly what has caused the slowdown in queue position for A/P/M (could be a big hitter at the front, could be less funds, could be a mix - or even some other technical issue). But we've certainly had weeks relatively recently where, even without knowing the precise movement as we can track now, things have moved a lot faster (at least in terms of queue position) than this.
So let's sit tight and see what the next week brings (while hoping this is more of a momentary fluctuation).
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aju
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Post by aju on Jul 17, 2020 9:56:39 GMT
I think we have to be careful about judging too much from this one week. As has been said many times already, we don't know exactly what has caused the slowdown in queue position for A/P/M (could be a big hitter at the front, could be less funds, could be a mix - or even some other technical issue). But we've certainly had weeks relatively recently where, even without knowing the precise movement as we can track now, things have moved a lot faster (at least in terms of queue position) than this. So let's sit tight and see what the next week brings (while hoping this is more of a momentary fluctuation). I've got my fingers crossed that RS is weeding out the high rates first, that would help the likes of me and many others but sadly I think I may be way off on that one. I'm just glad that as whole we have a lot less in the Access than we have in the old products but they don't seem to have been as prevalent in the tables as Access and the new ones.
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johnt
Investing in Ratesetter, Zopa and Assetz Capital since 2013
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Post by johnt on Jul 17, 2020 11:59:56 GMT
Do you happen to know what your QIF position was for yesterday (16/7)? If I'm not mistaken it's been 121 all week. Definitely 121 yesterday. Replying here so to keep other thread for just QIF position updates. Hmm so that would mean that nearly all movement in the Access QIF queue is from cancellations or where investments have matured naturally. Not great news.
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chris1200
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Post by chris1200 on Jul 17, 2020 12:16:52 GMT
If I'm not mistaken it's been 121 all week. Definitely 121 yesterday. Replying here so to keep other thread for just QIF position updates. Hmm so that would mean that nearly all movement in the Access QIF queue is from cancellations or where investments have matured naturally. Not great news. There was definitely some decent movement between Friday and Saturday last week (so, for the purposes of the table, counting as 'this week') - maybe just under 20 places? The rest then seems to have been cancellations. Not specifically related but, having looked at the table, I would take the first column with a pinch of salt. Some numbers, I think, relate to later in the week (or are for some other reason inaccurate) as the progress they show between last Friday and today can't be correct.
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ceejay
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Post by ceejay on Jul 17, 2020 15:53:12 GMT
So if this is the case surely RS will die a horrible death when word starts to get out. Why would anyone want to invest for the future and begs the question what on earth are the people on who are cancelling their RYI's. On the other hand all my loans are way above the normal rates most get so if it doesn't collapse in dust then I will at least be in the money! Further we probably should not be talking in this way with these predictions as the run will start up again and no one will invest again ... Just a thought of course ... What do you mean, "starts to get out"? I think that boat has long since sailed, which is why so much of RS's investment is up for RYI at the moment. And right now I can think of precisely no good reason why anyone would put new money into this platform at the moment, especially the poisonous Access/Plus/Max products which were always dubious for an exit strategy... I always like to look at how, exactly, my money is going to come back to me and I never liked the look of these, which is why I have only a token amount in Access. As for whether RS will die a horrible death - well, although that is clearly a possibility I think it's a long way from being certain. There are a few scenarios which see them surviving in one way or another, but I don't think the Access account or its variants would be part of any of them in the long run.
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aju
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Post by aju on Jul 17, 2020 16:37:17 GMT
So if this is the case surely RS will die a horrible death when word starts to get out. Why would anyone want to invest for the future and begs the question what on earth are the people on who are cancelling their RYI's. On the other hand all my loans are way above the normal rates most get so if it doesn't collapse in dust then I will at least be in the money! Further we probably should not be talking in this way with these predictions as the run will start up again and no one will invest again ... Just a thought of course ... What do you mean, "starts to get out"? I think that boat has long since sailed, which is why so much of RS's investment is up for RYI at the moment. And right now I can think of precisely no good reason why anyone would put new money into this platform at the moment, especially the poisonous Access/Plus/Max products which were always dubious for an exit strategy... I always like to look at how, exactly, my money is going to come back to me and I never liked the look of these, which is why I have only a token amount in Access. As for whether RS will die a horrible death - well, although that is clearly a possibility I think it's a long way from being certain. There are a few scenarios which see them surviving in one way or another, but I don't think the Access account or its variants would be part of any of them in the long run. Sadly the boat was already gone by the time we got to the jetty with our suit cases, had to get a much later one. . If all it goes t*ts then we will still be ok, just a bit down on some earnings over the last year or two.
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chris1200
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Post by chris1200 on Jul 17, 2020 16:51:08 GMT
I don't know... I personally think everyone should be re-investing their repayments... Maybe even adding more money... RIGHT EVERYONE?!?!
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aju
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Post by aju on Jul 17, 2020 22:30:05 GMT
I don't know... I personally think everyone should be re-investing their repayments... Maybe even adding more money... RIGHT EVERYONE?!?! According to RS Daily's ... although they don't state what the split is, I've certainly reduced some of ours - one seems only able to do this once unless its changed recently - but when reducing them it was only so that it left £100 or so in the 1Y and 5Y to keep the options open later in the year/decade. Thing is though until we see this months figures we will not really be able to tell how much the whole book has reduced by if at all. On the positive side it may have increased perhaps ... . Psst! I'm sure that was a pig just flew across the sky as I wrote that last comment.
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chris1200
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Post by chris1200 on Jul 18, 2020 9:15:26 GMT
Not sure if there were maybe cancellations further up in the queue, but can confirm that Access did not move overnight below me (#269).
That c. £600k is still sitting there waiting to be matched in A/P/M at the going rate, and not sure what leaving it there is about...
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aju
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Post by aju on Jul 18, 2020 9:34:51 GMT
Not sure if there were maybe cancellations further up in the queue, but can confirm that Access did not move overnight below me (#269). That c. £600k is still sitting there waiting to be matched in A/P/M at the going rate, and not sure what leaving it there is about... Sitting @13630 and above for us we both moved 6 places, so there were some cancels or loan completions perhaps I guess since yesterdays numbers!. Not sure on that second statement but wondering what happens when there are no loans to sell in someones book but they have not as yet cancelled manually...
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coogaruk
Hello everyone! Anyone remember me?
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Post by coogaruk on Jul 18, 2020 13:50:06 GMT
I don't know... I personally think everyone should be re-investing their repayments... Maybe even adding more money... RIGHT EVERYONE?!?! I was, right up till about a month after the interest rate cut. That well and truly broke the camel's back.
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