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Post by oppsididitagain on Jan 26, 2021 18:34:47 GMT
I spoke to AC about the smaller amounts, and I got the impression the MLA is somehow linked to the SHM. They hinted that certain transactions going through the MLA can have an affect and end up on the SHM. There definitely is a few 10K's going through the SHM on a daily basis, which is why I am trying to 'nick' a few % here and there on my balances Hmm, so a buy on the MLA might be fulfilled out of QAA holdings?
That the impression I got when I spoke with them a few weeks ago. Sorry I should have typed : Certain transactions are filled from the SHM, which is funding the MLA . It would make sense, and I guess AC / PF takes the difference in spread somehow ?? However I wonder if it can work both ways ?? AC seems to have a lot of stuff going on behind the scenes so I dont think we will ever know the full picture..
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ceejay
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Post by ceejay on Jan 26, 2021 18:41:27 GMT
Hmm, so a buy on the MLA might be fulfilled out of QAA holdings?
That the impression I got when I spoke with them a few weeks ago. Sorry I should have typed : Certain transactions are filled from the SHM, which is funding the MLA . It would make sense, and I guess AC / PF takes the difference in spread somehow ?? However I wonder if it can work both ways ?? AC seems to have a lot of stuff going on behind the scenes so I dont think we will ever know the full picture.. Not sure what the issue is here - the AAs have always been traders in the MLA, both buying and selling to meet their objectives at the time. And the AA PFs are precisely funded by the difference between the MLA rate for a loan and the AA rate. But we're digressing again...!
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Post by Companion Cube on Jan 26, 2021 19:18:52 GMT
I spoke to AC about the smaller amounts, and I got the impression the MLA is somehow linked to the SHM. They hinted that certain transactions going through the MLA can have an affect and end up on the SHM. There definitely is a few 10K's going through the SHM on a daily basis, which is why I am trying to 'nick' a few % here and there on my balances Hmm, so a buy on the MLA might be fulfilled out of QAA holdings?
I find this possibility very disturbing. So are we saying that the MLA might be gradually buying up the AA safer loans and leaving the troubled loans in the Access acounts? This would severely dilute the AA holdings.
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deltron
Member of DD Central
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Post by deltron on Jan 26, 2021 22:54:34 GMT
Sold 1.5k at 0.59% sometime this evening, 26th Jan.
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IFISAcava
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Post by IFISAcava on Jan 27, 2021 0:57:48 GMT
Sold 1.5k at 0.59% sometime this evening, 26th Jan. That's extremely odd - I have a few hundred at 0.6% that remains unsold. Not sure how that can happen.
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ceejay
Posts: 975
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Post by ceejay on Jan 27, 2021 9:05:03 GMT
Sold 1.5k at 0.59% sometime this evening, 26th Jan. That's extremely odd - I have a few hundred at 0.6% that remains unsold. Not sure how that can happen. Perhaps they were ahead of you in the 0.6% queue, and there was a small bid to buy at 0.5% which brought the average down to 0.59.
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IFISAcava
Member of DD Central
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Post by IFISAcava on Jan 27, 2021 10:26:36 GMT
That's extremely odd - I have a few hundred at 0.6% that remains unsold. Not sure how that can happen. Perhaps they were ahead of you in the 0.6% queue, and there was a small bid to buy at 0.5% which brought the average down to 0.59. OK, so a 0.5% underbid goes to the person in the 0.6% queue rather than going to the 0.5% queue. Or is there an overall pecking order regardless of discount offered (i.e. oldest offer gets the underbid)?
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Post by Companion Cube on Jan 27, 2021 11:45:12 GMT
Perhaps they were ahead of you in the 0.6% queue, and there was a small bid to buy at 0.5% which brought the average down to 0.59. OK, so a 0.5% underbid goes to the person in the 0.6% queue rather than going to the 0.5% queue. Or is there an overall pecking order regardless of discount offered (i.e. oldest offer gets the underbid)? It's all good, nothing to see here. I too am in the queue at 0.6% and didn't get any takers. There should be no way anyone can sell a small amount at 0.5% while there are sale offers at 0.6%. It's probably caused because whilst in the queue for several days, a small proportion was sold at par during the overnight runs.
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Post by oppsididitagain on Jan 27, 2021 12:15:55 GMT
Just checked and all my orders to invest have just been filled
1K @ 1.10
1K @1.20
2K @ 1.30
2K @ 1.40
They were all at the same time and 1 transaction per amount - I presume someone just wanted a large sum out in one go.
Going to load up some more Invest orders now..
Its 0.8 / 1.0 in 1K ATM.
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Post by oppsididitagain on Jan 27, 2021 13:18:35 GMT
Just checked and all my orders to invest have just been filled 1K @ 1.10 1K @1.20 2K @ 1.30 2K @ 1.40 They were all at the same time and 1 transaction per amount - I presume someone just wanted a large sum out in one go. Going to load up some more Invest orders now.. Its 0.8 / 1.0 in 1K ATM. I've just withdrawn 4K at 0.8%.in batches of £500/1000 the last 500 there were lots of very small amounts 12X 0.01p I guess there is a lot of funds moving through the SHM and I would suggest just leave orders in. Its such a shame you have to keep on checking where it is
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IFISAcava
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Post by IFISAcava on Jan 27, 2021 14:31:30 GMT
OK, so a 0.5% underbid goes to the person in the 0.6% queue rather than going to the 0.5% queue. Or is there an overall pecking order regardless of discount offered (i.e. oldest offer gets the underbid)? It's all good, nothing to see here. I too am in the queue at 0.6% and didn't get any takers. There should be no way anyone can sell a small amount at 0.5% while there are sale offers at 0.6%. It's probably caused because whilst in the queue for several days, a small proportion was sold at par during the overnight runs. Excellent, that now makes sense, many thanks.
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deltron
Member of DD Central
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Post by deltron on Jan 28, 2021 23:54:49 GMT
Can anyone with experience tell me what usually happens to the buy/sell rates of the QAA on the first of the month? I read somewhere that the auto-invest feature reinvests a chunk of the interest paid on the 1st and this affects the buy/sell rates somehow. I'm assuming this has a downward effect?
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Post by Ace on Jan 29, 2021 0:51:09 GMT
Can anyone with experience tell me what usually happens to the buy/sell rates of the QAA on the first of the month? I read somewhere that the auto-invest feature reinvests a chunk of the interest paid on the 1st and this affects the buy/sell rates somehow. I'm assuming this has a downward effect? Yes, any buys in the access accounts will purchase at the highest discounts available, including buys from reinvested interest. Therefore, any buy puts downward pressure on the discount levels. How much pressure will depend on how much of the interest payments are reinvested and how much has been put up for sale at a discount; neither of which are known to anyone other than AC.
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Post by oppsididitagain on Jan 29, 2021 8:34:53 GMT
Its 1.00 / 1.40. ATM,
Ive just invested 2K at 1.30 %
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Post by oppsididitagain on Jan 29, 2021 9:18:15 GMT
1.10 / 1.4. in 5K
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