QAA Secondary Market discount tracker (AC)

I've some time served withdrawals from the 30DAA which I've not converted to QAA, they're just sitting there in no-man's land. Anyone know if they receive interest and if they do how much, is it QAA or the 30DAA rate?


Anyone know when repayments come in where are they applied, equally on eveything(unlikely), on your highest, discount lowest?

Time served receive interest at the rate for the account they are in, so in this case 30DAA.

Good question, don't actually know. I suspect the sum you are due pro rata to your total holdings would then be applied pro rata to your withdrawal requests. AIUI discount level wouldn't be a factor.

I took the plunge yesterday (17th Aug) and invested £1,000 in the QAA , grabbing myself a 6.8% discount, and so  £1,073 was  duly credited to my QAA account.

Of this £1,073 ,  £953 was actually invested in loans and the remaining £120 held as cash, which is in line with other posters suggesting about 11.2% of free cash in the QAA (currently).
Anyway, a few other posters here have been concerned about QAA investments buying a large proportion of "duff" loans , so I did a quick breakdown of allocations  vs.  "Capital Valuations"  (CV's) , and came up with the following:

Of the  £953 actually invested :
A total of 2.4% was invested in loans with CV less than 80%
A total of 5.5% was invested in loans with CV less than 90%  (this includes the above loans with CV less than 80%)
A total of 7.2% was invested in loans with CV less than 99%   (this includes the above loans with CV less than 90% and 80%)

Therefore  100 - 7.2 =  92.8% were invested in loans with CV greater than 99% , which to my mind is pretty decent value, considering the 6.8% discount and the 11.2% free cash, although I do understand that free cash can easily fluctuate.

I'm considering investing more, but before doing so , I'd appreciate any thoughts on the above  "back of a fag packet" analysis.

can't fault your numbers - i have a QAA with 1251 quid, untouched by any recent purchases.  It shows 11.16% cash and 7.24% of loans with a capital valuation of less than 99%.

as a double check my ISA QAA has north of 5 grand in it and I have been buying some discounted parts - that shows exactly the same ratios

My options to buy at 6.8% at 18.18 and at 7% at 18.19 were taken up on Mon 18/08

Buy discount down to 5.9%. I wonder how much of the recently distributed AA cash went straight back into the Access Accounts at discount, which could be a cause of the lower rate.

lobster - That is what I thought, but was just checking in case you had found some way to do the analysis whilst logged in to your account, which I thought you could not and have confirmed with your reply so thanks - I did my own downloads on the 3 accounts I have and came up with the same analysis as you, so your fag packet was fine!! Cheers P