dead-money
Rocket to the Moon
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Post by dead-money on Aug 14, 2020 12:15:50 GMT
Looking at the pipeline for those held by Access Accounts.
Within one month: 20 loans due for repayment, £41M, 4 with monitoring events, another 4? trying to refinance.
Two months: 7 loans due, £15M, however, 3 credit events, 1 monitoring, 2 with other issues.
Three months: 7 loans, £8M, 1 credit, 2 monitor
Four to Six mths: 20 loans, £30M, 1 credit, 2 issues
It's highly unlikely all will redeem on schedule, also haven't calculated how much is held by AAs and what might need to be retained within AAs for future tranche funding is an unknown.
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dead-money
Rocket to the Moon
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Post by dead-money on Aug 16, 2020 15:04:48 GMT
Amount held by a £10,000 Access account holding of loans due to repay in next month, where greater than £10. Total £1018
# Sum Comment
1224 £45.88 Exit by plot sales
1193 £26.58 Nearing practical completion
1143 £12.10 monitoring event, refinancing
1052 £33.52 monitoring event, overdue, AC CBILS refinance
1036 £18.79
1028 £28.50
986 £144.73 temporary suspension, of concern ,extended 6 mths
958 £14.25
942 £10.63
922 £51.11 refinancing
878 £65.18 refinancing
874 £11.06 temporary suspension, of concern
864 £108.82
844 £37.13
828 £65.83 exit by plot sales, extended 6 mths
797 £58.21 of concern
791 £34.71 refinancing
779 £35.69 of concern
730 £32.64 PC, refinance
729 £19.62 monitoring event, refinance
704 £83.06 PC, sales, refinance
663 £23.82 monitoring event, exit by plot sales
590 £56.41 exit by plot sales, extended 6 mths
#986 is the big worry, plus a few others.
Finger in air guess £250-500 -700 might be realised by end of Sept.
How much is distributed depends to a greater or lesser extent on whether AC's stated aim to restart retail new loan issurance in Q3 2020 comes about.
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dead-money
Rocket to the Moon
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Post by dead-money on Aug 16, 2020 15:55:06 GMT
Possible repayment within next three months, £10,000 AA holding amounts
# Amount Comment
1173 £17.54 monitoring event
1158 £14.63 PC, refinance
1140 £13.97 loan extended 3 mths
1131 £10.82
1077 £17.25
1072 £28.75 of concern
1003 £58.39 plot sales
994 £48.73 see #792
969 £10.09 monitoring event, CBILS refinance?
960 £40.89 refinancing
926 £20.01
898 £15.64 see #1133, of concern
883 £10.31
834 £32.38 see #1174
833 £18.00 monitoring event, PC
831 £52.16 credit event suspended, of concern
717 £45.22 monitoring event, PC
691 £234.86
685 £101.57 credit event suspended, of concern
612 £20.71 credit event suspended, of concern, PC, refinance ?
535 £78.87 credit event suspended, of concern
#535 is big worry,
Overall might see £400-600 in 2020? less if cash retained for future funding.
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cb25
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Post by cb25 on Aug 16, 2020 15:55:27 GMT
dead-money Doubt we'll see loan #986 redeemed anytime soon as the last Update says "A Lender vote has been launched requesting lenders consider agreeing to extend this loan until 31st January 2021 together with an increased loan limit to accommodate Lender Interest"
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dead-money
Rocket to the Moon
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Post by dead-money on Aug 16, 2020 15:58:58 GMT
dead-money Doubt we'll see loan #986 redeemed anytime soon as the last Update says "A Lender vote has been launched requesting lenders consider agreeing to extend this loan until 31st January 2021 together with an increased loan limit to accommodate Lender Interest" Agree, hence the 'of concern' comment on that and others.
Just trying to assess probable range of repayments this side of year end.
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dead-money
Rocket to the Moon
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Post by dead-money on Aug 17, 2020 10:39:10 GMT
#745 has made a principal repayment (£334K repaid now £234K o/s), credited to MLA, again nothing to AAs
#1273 £123K repayment #1193 tranche drawdown, amount unknown -£ K
#564 Now in receivership -£840K plus 18mths interest, fees, -£950K facility #1088 Further tranche drawdown -£481K, prior to CBILS facility being in place #1246 Tranche -£72K #871 Tranche -£443K maybe? #1036 tranche -£89K ?
#797 tranche -£K ?
#1193 tranche -£K ? #1069 tranche -£K ? #878 tranche -£105K
#1067 tranche -£K ?
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Post by chris on Aug 17, 2020 10:48:17 GMT
#745 has made a principal repayment, credited to MLA, again nothing to AAs
chris is there an issue with principal repayments to access accounts not occurring? It's frozen as part of the roll out plan for the marketplace, we need to test putting through a large number of reinvestments through the marketplace with real world data to make sure it runs smoothly. Plan is to continue distributions from Wednesday, although that is subject to change, where it will catch up with the redemptions made since launch.
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dead-money
Rocket to the Moon
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Post by dead-money on Aug 17, 2020 10:54:28 GMT
#745 has made a principal repayment, credited to MLA, again nothing to AAs
chris is there an issue with principal repayments to access accounts not occurring? It's frozen as part of the roll out plan for the marketplace, we need to test putting through a large number of reinvestments through the marketplace with real world data to make sure it runs smoothly. Plan is to continue distributions from Wednesday, although that is subject to change, where it will catch up with the redemptions made since launch. thanks for the prompt reply and concise information.
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picnicman
Member of DD Central
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Post by picnicman on Aug 17, 2020 12:32:00 GMT
chris thanks for the prompt reply and concise information. maybe in the future would be great if AC would inform lenders when this happens so that lenders stop wildly speculating, worrying and hyperventilating for no reasons... - agreed - perhaps some thought can be given to this at top team, given the volatile times we are in? Cheers P
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blender
Member of DD Central
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Post by blender on Aug 17, 2020 13:07:12 GMT
Maybe they only decided this morning that it would be Wednesday and we could be told. I'm not complaining (can I have mine early please?)
Compare with government management of A level results - or management of anything, really.
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Post by highlevel on Aug 20, 2020 9:49:27 GMT
#745 has made a principal repayment, credited to MLA, again nothing to AAs
chris is there an issue with principal repayments to access accounts not occurring? It's frozen as part of the roll out plan for the marketplace, we need to test putting through a large number of reinvestments through the marketplace with real world data to make sure it runs smoothly. Plan is to continue distributions from Wednesday, although that is subject to change, where it will catch up with the redemptions made since launch. Hi chris - Can you please provide an status update now Wednesday has been and gone? If you are still in the above mentioned testing phase post SM implementation, then perhaps it's worthy of an 'orange banner' status update in the portal? given it will have been 17 days since the platform was last fully operational*. *In the sense of post COVID19 'abnormal normal conditions' Also from a technical perspective, is the platform is capable of 'rolled-up' distribution of multiple redemptions, or will it always be applied 1-1 as part of the processing? Thanks, HL
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cb25
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Post by cb25 on Aug 20, 2020 9:54:43 GMT
It's frozen as part of the roll out plan for the marketplace, we need to test putting through a large number of reinvestments through the marketplace with real world data to make sure it runs smoothly. Plan is to continue distributions from Wednesday, although that is subject to change, where it will catch up with the redemptions made since launch. Hi chris - Can you please provide an status update now Wednesday has been and gone? If you are still in the above mentioned testing phase post SM implementation, then perhaps it's worthy of an 'orange banner' status update in the portal? given it will have been 17 days since the platform was last fully operational*. *In the sense of post COVID19 'abnormal normal conditions' Also from a technical perspective, is the platform is capable of 'rolled-up' distribution of multiple redemptions, or will it always be applied 1-1 as part of the processing? Thanks, HL There was a payout of approx £133 per £10K invested in each Access Account on Tues (18 Aug), link
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Post by chris on Aug 20, 2020 9:57:42 GMT
Hi chris - Can you please provide an status update now Wednesday has been and gone? If you are still in the above mentioned testing phase post SM implementation, then perhaps it's worthy of an 'orange banner' status update in the portal? given it will have been 17 days since the platform was last fully operational*. *In the sense of post COVID19 'abnormal normal conditions' Also from a technical perspective, is the platform is capable of 'rolled-up' distribution of multiple redemptions, or will it always be applied 1-1 as part of the processing? Thanks, HL There was a payout of approx £133 per £10K invested in each Access Account on Tues (18 Aug), linkTo add, it's always rolled up into one payment once a threshold has been reached. This has now been changed to check if the threshold has been met once per night so that payments are made out of hours to minimise disruption.
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Post by highlevel on Aug 20, 2020 10:05:57 GMT
Hi chris - Can you please provide an status update now Wednesday has been and gone? If you are still in the above mentioned testing phase post SM implementation, then perhaps it's worthy of an 'orange banner' status update in the portal? given it will have been 17 days since the platform was last fully operational*. *In the sense of post COVID19 'abnormal normal conditions' Also from a technical perspective, is the platform is capable of 'rolled-up' distribution of multiple redemptions, or will it always be applied 1-1 as part of the processing? Thanks, HL There was a payout of approx £133 per £10K invested in each Access Account on Tues (18 Aug), linkVery true - And a small payout pre- 9am this morning What I'm trying to gauge is are these 'test' dispersals and only form 'part' of the catch-up referred to by chris - After all Tuesdays payout got stuck along the way and required manual intervention.
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cb25
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Post by cb25 on Aug 20, 2020 10:11:16 GMT
There was a payout of approx £133 per £10K invested in each Access Account on Tues (18 Aug), linkVery true - And a small payout pre- 9am this morning What I'm trying to gauge is are these 'test' dispersals and only form 'part' of the catch-up referred to by chris - After all Tuesdays payout got stuck along the way and required manual intervention. His post above yours suggests they were not 'tests': "To add, it's always rolled up into one payment once a threshold has been reached. This has now been changed to check if the threshold has been met once per night so that payments are made out of hours to minimise disruption."
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