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Post by elephantrosie on Aug 6, 2020 4:15:29 GMT
I have been logging in almost everyday waiting for it to be resumed. Do we have an estimated time of arrival please?
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lara
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Post by lara on Aug 6, 2020 9:30:11 GMT
I asked via email when the pro-rata distributions to the access accounts would be resumed. This was the reply.
Please note that trading in the Access Accounts is currently on pause until tomorrow in preparation for the AA aftermarket going Live.
Once it is Live, you will be able to buy and sell at discount in the Access Accounts. (QAA, 30DAA and 90DAA).
I'm hoping that they just neglected to answer my question rather than selling at a discount being the only means of withdrawing money now?
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dave4
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Cynical is a hobby not a lifestyle
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Post by dave4 on Aug 6, 2020 9:36:50 GMT
I asked via email when the pro-rata distributions to the access accounts would be resumed. This was the reply.
Please note that trading in the Access Accounts is currently on pause until tomorrow in preparation for the AA aftermarket going Live.
Once it is Live, you will be able to buy and sell at discount in the Access Accounts. (QAA, 30DAA and 90DAA).
I'm hoping that they just neglected to answer my question rather than selling at a discount being the only means of withdrawing money now? when did you ask and when is tomorrow ??
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lara
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Post by lara on Aug 6, 2020 9:38:20 GMT
Sorry, I asked this morning, tomorrow is the 7th August.
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cb25
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Post by cb25 on Aug 6, 2020 9:51:46 GMT
Sorry, I asked this morning, tomorrow is the 7th August. Agrees with what I was told on Livechat this morning
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dave4
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Cynical is a hobby not a lifestyle
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Post by dave4 on Aug 6, 2020 10:08:09 GMT
Sorry, I asked this morning, tomorrow is the 7th August. Agrees with what I was told on Livechat this morning So my cynical prediction of fri evening,between "whilst the building alarm is beeping as being set" and turning the key in the lock could be correct ? 
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mrsb
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Post by mrsb on Aug 6, 2020 10:15:49 GMT
Agrees with what I was told on Livechat this morning So my cynical prediction of fri evening,between "whilst the building alarm is beeping as being set" and turning the key in the lock could be correct ? Clearly the AC policy of silence is providing the fuel for speculation. Hopefully (!!) all this time is being used to construct full, unambiguous and mono-syllabic explanation and instruction on how things will work. Me thinks they'll be a lynching or two if (!!) there's a removal of the at-par repayments we've been seeing. Maybe AC could release the "how it works" prior to it going live?
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iRobot
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Post by iRobot on Aug 6, 2020 10:24:07 GMT
So my cynical prediction of fri evening,between "whilst the building alarm is beeping as being set" and turning the key in the lock could be correct ? Clearly the AC policy of silence is providing the fuel for speculation. Hopefully (!!) all this time is being used to construct full, unambiguous and mono-syllabic explanation and instruction on how things will work. Me thinks they'll be a lynching or two if (!!) there's a removal of the at-par repayments we've been seeing. -- "Discounts are entirely optional and may help speed the early withdrawal of capital from loan investments if you offer them, otherwise withdrawals will continue in the same manner as before."Maybe AC could release the "how it works" prior to it going live? -- "Next week we’ll be releasing more information via email on how the marketplace works, helpful questions and answers as well as some ‘how to’ guides. So make sure you keep an eye out for those."Some extracts from last Friday's email inserted above (my bold) - hope it helps. Obviously "next week" is now 'this week' and I'd be surprised if AC launched something as significant as a new Market Place going into a weekend. I would have though the start of the week would be more appropriate unless they plan to have a full compliment of CS staffers pulling overtime for the the whole weekend.
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blender
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Post by blender on Aug 6, 2020 10:24:16 GMT
And always a day away.
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mrsb
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Post by mrsb on Aug 6, 2020 10:37:51 GMT
Clearly the AC policy of silence is providing the fuel for speculation. Hopefully (!!) all this time is being used to construct full, unambiguous and mono-syllabic explanation and instruction on how things will work. Me thinks they'll be a lynching or two if (!!) there's a removal of the at-par repayments we've been seeing. -- "Discounts are entirely optional and may help speed the early withdrawal of capital from loan investments if you offer them, otherwise withdrawals will continue in the same manner as before."Maybe AC could release the "how it works" prior to it going live? -- "Next week we’ll be releasing more information via email on how the marketplace works, helpful questions and answers as well as some ‘how to’ guides. So make sure you keep an eye out for those."Some extracts from last Friday's email inserted above (my bold) - hope it helps. Obviously "next week" is now 'this week' and I'd be surprised if AC launched something as significant as a new Market Place going into a weekend. I would have though the start of the week would be more appropriate unless they plan to have a full compliment of CS staffers pulling overtime for the the whole weekend. Well - there's no certainty that the tablet of stone - that is what AC say - is not already back with the masons. At the very least - some kind of murmur on the Thursday of "next week" would be what normal people might think appropriate. BTW - Withdrawals continuing as before is not the same as redemptions (crediting to lenders) continuing as before.
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
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Post by dave4 on Aug 6, 2020 10:42:59 GMT
Clearly the AC policy of silence is providing the fuel for speculation. Hopefully (!!) all this time is being used to construct full, unambiguous and mono-syllabic explanation and instruction on how things will work. Me thinks they'll be a lynching or two if (!!) there's a removal of the at-par repayments we've been seeing. -- "Discounts are entirely optional and may help speed the early withdrawal of capital from loan investments if you offer them, otherwise withdrawals will continue in the same manner as before."Maybe AC could release the "how it works" prior to it going live? -- "Next week we’ll be releasing more information via email on how the marketplace works, helpful questions and answers as well as some ‘how to’ guides. So make sure you keep an eye out for those."Some extracts from last Friday's email inserted above (my bold) - hope it helps. Obviously "next week" is now 'this week' and I'd be surprised if AC launched something as significant as a new Market Place going into a weekend. I would have though the start of the week would be more appropriate unless they plan to have a full compliment of CS staffers pulling overtime for the the whole weekend. Checking e mail .................mmmm.... not in inbox.....Spam......nowt, social ?.....noooo?  . refresh....no. hmm. Anyone get it ?? There is only 5 working assets days in a week?? i presume
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iRobot
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Post by iRobot on Aug 6, 2020 10:45:44 GMT
Some extracts from last Friday's email inserted above (my bold) - hope it helps. Obviously "next week" is now 'this week' and I'd be surprised if AC launched something as significant as a new Market Place going into a weekend. I would have though the start of the week would be more appropriate unless they plan to have a full compliment of CS staffers pulling overtime for the the whole weekend. Checking e mail .................mmmm.... not in inbox.....Spam...... social ?.....noooo . refresh....no. hmm. Anyone get it ?? Online version here: mailchi.mp/83965f2443e0/aam-coming-soonReceived mine 31/07 @ 21:17
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
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Post by dave4 on Aug 6, 2020 10:53:47 GMT
Checking e mail .................mmmm.... not in inbox.....Spam...... social ?.....noooo . refresh....no. hmm. Anyone get it ?? Online version here: mailchi.mp/83965f2443e0/aam-coming-soon?Received mine 31/07 @ 21:17 Thanks, i got that, and read it as more info this week which is what i'm waiting for (e mail "Next week we’ll be releasing more information via email on how the marketplace works, helpful questions and answers as well as some ‘how to’ guides. So make sure you keep an eye out for those.")
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lara
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Post by lara on Aug 6, 2020 10:57:56 GMT
I reiterated my question in my reply to them and just received this back.
Buying and selling is on pause and therefor prorata distributions too.
This is because liquidity in withdrawal queue is based on investor activity (deposits & withdrawal requests) and borrower activity
(loan repayments and redemptions).
Once the AA aftermarket goes Live, they will resume.
Please refer to the email sent on Friday as seen below.
I don't know why they didn't just say that the first time.. like pulling teeth!
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iRobot
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Post by iRobot on Aug 6, 2020 11:03:11 GMT
I note any reference to this Friday has been dropped.
Hopefully the AC mandarins are keeping their CS team up to date with release schedules....
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. refresh....no. hmm. Anyone get it ?? There is only 5 working assets days in a week?? i presume