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Post by chris on Aug 8, 2015 11:18:00 GMT
New subject chris. Now that loans may be eligible for either the GEIA or the GBBA, how about including that on the loan frontpage? I'm open to it but need to persuade others in the business that it's a good idea.
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Post by mrclondon on Aug 8, 2015 19:52:43 GMT
New subject chris. Now that loans may be eligible for either the GEIA or the GBBA, how about including that on the loan frontpage? I'm open to it but need to persuade others in the business that it's a good idea. I'm not the target market for the accounts that repackage loans available for manual investment with no provision fund, so am probably not the best person to comment. However, reading the threads devoted to these accounts there are two aspects that put me off - a) the lack of an account statement showing what is held in the account, and b) lack of of unambiguous flagging of which loans might end up in the account.
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Post by oldnick on Aug 9, 2015 7:44:52 GMT
I'm open to it but need to persuade others in the business that it's a good idea. I'm not the target market for the accounts that repackage loans available for manual investment with no provision fund, so am probably not the best person to comment. However, reading the threads devoted to these accounts there are two aspects that put me off - a) the lack of an account statement showing what is held in the account, and b) lack of of unambiguous flagging of which loans might end up in the account. I imagine (a) would be changing all the time as new eligible loan parts were picked up from the market, and the total amount of each loan held dictated by the algorithm and the pot available. (b), on the other hand, is easy to implement. Given that (a) is not available, one must assume that any eligible loan will at some stage probably be held by the GBBA. So, for those who manually invest and wish to set a limit to their exposure to each loan, it would appear that the GBBA is off limits. The existence of (b) would perhaps allow us to infer that eligible loans have the potential for greater liquidity than those ineligible. Whether other lenders would find that information useful when deciding how much to allocate to each loan, I don't know.
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niceguy37
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Post by niceguy37 on Aug 10, 2015 8:37:57 GMT
Email alerts have been coded for 6 months but never plumbed in as there have always been higher priorities. May make it into the relaunched site, if not then I'll push for it soon after. It's an important feature for us. IIRC chris you were going to pass the task of implementing the email alerts to a developer, so that they got done. Is there any chance you could find out what happened, and get them activated please?
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Post by chris on Aug 10, 2015 8:57:24 GMT
Email alerts have been coded for 6 months but never plumbed in as there have always been higher priorities. May make it into the relaunched site, if not then I'll push for it soon after. It's an important feature for us. IIRC chris you were going to pass the task of implementing the email alerts to a developer, so that they got done. Is there any chance you could find out what happened, and get them activated please? Priorities keep being changed, despite moving the alerts to another developer. There's been a lot of new coding for the revised MLIA and the other new investment account that's coming that has taken priority. I'll see if they can be forced through in September.
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Post by bracknellboy on Aug 10, 2015 17:33:55 GMT
chris: not so much a suggestion for improvement as an observation of something that isn't working ? I've spotted that when viewing 'upcoming loans' loan 188 has an estimated drawdown date of 4/09. However the activity tabe update on 30th July has statement that the est. drawdown date has been moved to 25th August. Either the 4th Sept was the original and the date has been bought forward but somehow the sytem shown date is not refreshed, which is what I suspect, or the activity tab has not reflected a subsequetn change (I don't think it is the latter).
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Post by chris on Aug 10, 2015 17:56:53 GMT
chris: not so much a suggestion for improvement as an observation of something that isn't working ? I've spotted that when viewing 'upcoming loans' loan 188 has an estimated drawdown date of 4/09. However the activity tabe update on 30th July has statement that the est. drawdown date has been moved to 25th August. Either the 4th Sept was the original and the date has been bought forward but somehow the sytem shown date is not refreshed, which is what I suspect, or the activity tab has not reflected a subsequetn change (I don't think it is the latter). The activity tab is free text for the admin team, with the estimated drawdown date being independent of that and changeable separately. There's going to be a big CRM push for the drawdown process for early Q4 which would automate this process. I'll flag this specific example up to the team as something that may warrant revision.
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sl75
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Post by sl75 on Aug 11, 2015 19:23:29 GMT
I'm not the target market for the accounts that repackage loans available for manual investment with no provision fund, so am probably not the best person to comment. However, reading the threads devoted to these accounts there are two aspects that put me off - a) the lack of an account statement showing what is held in the account, and b) lack of of unambiguous flagging of which loans might end up in the account. I imagine (a) would be changing all the time as new eligible loan parts were picked up from the market, and the total amount of each loan held dictated by the algorithm and the pot available. Changing all the time or not, the system must necessarily know all the numbers to report for (a), in order to know how much to buy or sell, and in order to know how much accrued interest to add overnight. I cannot see any TECHNICAL barrier to providing a report of exactly what loan units are held at any given moment, just as occurs for the MLIA (which also has constantly changing balances). The only reason it is not shown is because AC refuse to do so - a management decision rather than a technical one as I understand it... ... i.e. the provision fund accounts are aimed only at users who don't care what their money is invested in, and who presumably would find a report of what their money is invested in "confusing". I'm not entirely convinced - traditional "funds" provide the sufficiently curious with a report showing the exact composition of assets held by the fund, even though a large proportion of users would be similarly uninterested.
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Post by crabbyoldgit on Aug 11, 2015 20:12:32 GMT
i agree with the need for some form of visibility of the loan spread in both the gbba and the geia, i do not care if its real time or a midnight snap shot daily or even weekly. the reason i see, is that this this is not a bank and we as investors need to manage are own due diligence and the most important of these in my opinion is diversification of risk. now, at present the program is not producing the kind of management of diversification promised in the proposition document, but i have faith that the forthcoming new software changes will improve matters.But after many years of working with artificial intelligence programs i do not expect it to be perfect and lack of availability of loan parts in some loans will restrict the ability to create an ideal risk profile.But if something goes very wrong in either fund with a couple of loans defaulting in a short period of time which the provision fund cannot handle then investors may with some justification feel upset if the information to enable them to understand the spread and level of risk to which they have been exposed to by the program has not been available in a simple and acessable form,its in AC own interest to make this available.
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niceguy37
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Post by niceguy37 on Aug 12, 2015 7:56:36 GMT
i agree with the need for some form of visibility of the loan spread in both the gbba and the geia, i do not care if its real time or a midnight snap shot daily or even weekly. the reason i see, is that this this is not a bank and we as investors need to manage are own due diligence and the most important of these in my opinion is diversification of risk. now, at present the program is not producing the kind of management of diversification promised in the proposition document, but i have faith that the forthcoming new software changes will improve matters.But after many years of working with artificial intelligence programs i do not expect it to be perfect and lack of availability of loan parts in some loans will restrict the ability to create an ideal risk profile.But if something goes very wrong in either fund with a couple of loans defaulting in a short period of time which the provision fund cannot handle then investors may with some justification feel upset if the information to enable them to understand the spread and level of risk to which they have been exposed to by the program has not been available in a simple and acessable form,its in AC own interest to make this available. I, too, feel that the information should be accessible. Not everyone will want to check it, but I would guess that many P2P investors might want to review it occasionally. For example, on the GEIA, someone might be very much in favour of wind turbines, but think that using prime agricultural land for solar farms is not such a good idea, and may wish to view it. Checking the levels of diversification is probably the best financial motivation for access to the information. Additionally if one wants to purchase additional loan parts on the MLIA it might be wise to see what one actually holds in the GBBA & GEIA. Reconciling repayments with expected repayments is only really possible if you know what the loans are. If the base rate rises substantially then there might be a flight from the current 7% GBBA & GEIA accounts to higher paying alternatives, so selling out might be problematic, meaning lenders would have to wait out the remaining terms. And, heaven forbid, if AC were to fold, it might be nice to know what loans one actually held, and with what sort of remaining term.
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Post by crabbyoldgit on Aug 13, 2015 9:55:51 GMT
Cris when the new program for the geia and gbba is due to be launched would it be possible to give a couple of days notice on this and other communication sites,as this is planned to properly enable balancing of diverification by selling and buying of units between different investers i suspect that a sudden and lot of unussual activity will occur until the site resettles and may save you answering questions for startled users
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bigfoot12
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Post by bigfoot12 on Sept 10, 2015 11:08:04 GMT
Can we have a filter to list loans offered at a discount?
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niceguy37
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Post by niceguy37 on Sept 11, 2015 10:56:56 GMT
As we get more and more accounts added to our Dashboards it's getting longer and longer, and we end up doing a lot of scrolling. chris, would it be possible to hide most of the text describing the provision fund, and "Why consider investing", so that this appears only if you hover over it with your mouse, please? I think that ideally all the Dashboard info should be visible on the screen at a glance, albeit with options to drill down for more explanation or detail as required. |
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ilmoro
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Post by ilmoro on Sept 11, 2015 11:02:14 GMT
As we get more and more accounts added to our Dashboards it's getting longer and longer, and we end up doing a lot of scrolling. chris, would it be possible to hide most of the text describing the provision fund, and "Why consider investing", so that this appears only if you hover over it with your mouse, please? I think that ideally all the Dashboard info should be visible on the screen at a glance, albeit with options to drill down for more explanation or detail as required. Raised elsewhere & on the list apparently. Also ability to display accounts in user defined order
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SteveT
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Post by SteveT on Sept 15, 2015 8:45:22 GMT
Now that targets must be adjusted manually if one wants to keep an amortising loan holding at a fixed level (ie. maintain a target), please can you add symbols on the MLIA "Live Loans" page to show which loans are amortising and which are paying interest only. Perhaps it could go just beneath the % rate figure in the "Annual Rate" field, like the symbols in the "LTV / Security" field.
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