dead-money
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Post by dead-money on Aug 21, 2020 17:42:53 GMT
Can I ask for a simple answer. are capital repayments received back from borrowers being used to buy discounted sells on the AAMP? Surely not, but if so, our balances would be increasing ?? I'm afraid it's all gotten rather complicated and the 'algorithm' aka distribution method and rules of the game keep changing without due notification pre or post change.
Don't hold me to it, but currently, today, I believe that if you have a capital withdrawal request on an Access Account in place, discounted or not, then any pro-rata to holding capital distributions you receive go to your cash account.
However, If you don't have a withdrawal request in place, then you get nothing.
As to the timing and value of distributions this is now a complete mystery...
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Mousey
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Post by Mousey on Aug 21, 2020 17:49:35 GMT
That's the issue - there will be no slow dribble of repayments. The tap has been turned off! Only unless you're prepared to sacrifice 1.5+ years worth of interest to be at the front of the queue.
Yeah that was before all the many many changes made since March. This is a completely different product since then.
There was a payout of approx £133 per £10K invested in each AA on Tue 18 Aug ( link) Not to me there wasn't.
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cb25
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Post by cb25 on Aug 21, 2020 17:51:46 GMT
There was a payout of approx £133 per £10K invested in each AA on Tue 18 Aug ( link) Not to me there wasn't. Is it related to "However, If you don't have a withdrawal request in place, then you get nothing" as stated by dead-money above?
Apart from my QAA IFISA which I'm currently using for flipping discounted buys/sells, all of my AA money is on withdrawal (and way past its withdrawal dates), so I got a payout on Tues.
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johni
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Post by johni on Aug 21, 2020 22:00:59 GMT
Is it related to "However, If you don't have a withdrawal request in place, then you get nothing" as stated by dead-money above?
Apart from my QAA IFISA which I'm currently using for flipping discounted buys/sells, all of my AA money is on withdrawal (and way past its withdrawal dates), so I got a payout on Tues.
Same here I got a payment. I am not selling at a discount.
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blender
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Post by blender on Aug 21, 2020 22:24:07 GMT
Can I ask for a simple answer. are capital repayments received back from borrowers being used to buy discounted sells on the AAMP? Surely not, but if so, our balances would be increasing ?? My understanding is no. Capital repayments are used to fund your withdrawals from QAA to cash at par, in the same pro-rata way as before. It is Access Account interest payments which buy the discounted QAA but only if you set the account to reinvest the interest. 1 September should be fun.
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maotw
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Post by maotw on Aug 22, 2020 5:09:23 GMT
Can I ask for a simple answer. are capital repayments received back from borrowers being used to buy discounted sells on the AAMP? Surely not, but if so, our balances would be increasing ?? My understanding is no. Capital repayments are used to fund your withdrawals from QAA to cash at par, in the same pro-rata way as before. It is Access Account interest payments which buy the discounted QAA but only if you set the account to reinvest the interest. 1 September should be fun.
Yea - Have listed some - at various modest discounts - in anticipation :-) Hope that it is the case that capital redemption aren't buying discounted AAMP - There would surely be a proper shi*storm if they were. I suppose that those people keeping tabs on the %cash/AA will know the answer for sure. (Didn't think of that before posing my Q)
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blender
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Post by blender on Aug 22, 2020 8:34:33 GMT
My understanding is no. Capital repayments are used to fund your withdrawals from QAA to cash at par, in the same pro-rata way as before. It is Access Account interest payments which buy the discounted QAA but only if you set the account to reinvest the interest. 1 September should be fun.
Yea - Have listed some - at various modest discounts - in anticipation :-) Hope that it is the case that capital redemption aren't buying discounted AAMP - There would surely be a proper shi*storm if they were. I suppose that those people keeping tabs on the %cash/AA will know the answer for sure. (Didn't think of that before posing my Q)That's ok, maotw. Must be tough living on a small moon-like planet and having just blue-string pudding and green soup (if behaving well).
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maotw
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Post by maotw on Aug 22, 2020 8:49:05 GMT
Yea - Have listed some - at various modest discounts - in anticipation :-) Hope that it is the case that capital redemption aren't buying discounted AAMP - There would surely be a proper shi*storm if they were. I suppose that those people keeping tabs on the %cash/AA will know the answer for sure. (Didn't think of that before posing my Q)That's ok, maotw. Must be tough living on a small moon-like planet and having just blue-string pudding and green soup (if behaving well). Indeed - and others reckon they've got it tough(er)!
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lobster
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Post by lobster on Aug 23, 2020 10:31:35 GMT
Can I ask for a simple answer. are capital repayments received back from borrowers being used to buy discounted sells on the AAMP? Surely not, but if so, our balances would be increasing ?? My understanding is no. Capital repayments are used to fund your withdrawals from QAA to cash at par, in the same pro-rata way as before. It is Access Account interest payments which buy the discounted QAA but only if you set the account to reinvest the interest. 1 September should be fun.
Are the expected changed on September 1 outlined anywhere ? I can't find any communications telling us what the changes will be. Thanks.
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maotw
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Post by maotw on Aug 23, 2020 10:43:39 GMT
My understanding is no. Capital repayments are used to fund your withdrawals from QAA to cash at par, in the same pro-rata way as before. It is Access Account interest payments which buy the discounted QAA but only if you set the account to reinvest the interest. 1 September should be fun.
Are the expected changed on September 1 outlined anywhere ? I can't find any communications telling us what the changes will be. Thanks. Nah! - 1st Sept refers to when there's interest floating around looking for a home.
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dead-money
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Post by dead-money on Aug 23, 2020 11:37:30 GMT
Are the expected changed on September 1 outlined anywhere ? I can't find any communications telling us what the changes will be. Thanks. Nah! - 1st Sept refers to when there's interest floating around looking for a home. The expectation is that the 'silent majority', who don't frequent this forum or check their AC account daily, will still have 'reinvest interest' set as their default.
Theory is, the reinvested interest will hoover up alot of the discounted holdings up for sell and the discount will shorten.
(NB Buying in to QAA currently with 6% discount turns the nominal 3.75% rate into 3.99% on the additional holding)
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dead-money
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Post by dead-money on Aug 24, 2020 8:03:55 GMT
Amount held by a £10,000 Access account holding of loans due to repay in next month, where greater than £10. Total £1,018
# 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.
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.
#898 repayment £345K
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dead-money
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Post by dead-money on Aug 24, 2020 15:07:21 GMT
For those who wonder why they aren't seeing more capital back from repayments, here's the list of recent tranche drawdowns.
w/e 21 Aug drawdowns #1088 -£ 481K
#1246 -£ 72K
#878 -£ 105K
#1036 -£ 89K
#1067 -£ 255K
#1193 -£ 28K #871 -£ 107K
#1069 -£ 84K
#1144 -£ 55K #1196 -£ 31K #828 -£ 55K #730 -£ 50K
#1215 -£ 43K #1232 -£ 89K
w/e 28 Aug drawdowns
#1155 -£ 55K #691 -£ 187K #1122 -£ 61K #1028 -£ 32K
#994 -£ 99K #1257 -£ 83K #1120 -£ 48K #1203 -£ 53K #1269 -£ 179K #947 -£ 46K
#1230 -£ 40K
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dave4
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Post by dave4 on Aug 24, 2020 20:28:28 GMT
For those who wonder why they aren't seeing more capital back from repayments, here's the list of recent tranche drawdowns.
w/e 21 Aug #1088 drawdown -£481K
#1246 drawdown -£72K
#878 drawdown -£105K
#1036 drawdown -£89K
#1067 drawdown -£255K
#1193 drawdown -£28K #871 drawdown -£107K
#1069 drawdown -£84K
#1144 drawdown -£55K #1196 drawdown -£31K #828 drawdown -£55K #730 drawdown -£50K
#1215 drawdown -£43K #1232 drawdown -£89K
w/e 28 Aug
#1155 drawn -£55K
I assume this explains why my ££ in some AA loan holdings are increasing recently.
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dead-money
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Post by dead-money on Aug 26, 2020 16:16:57 GMT
Amount held by a £10,000 Access account holding of loans due to repay in next month, where greater than £10. Total £1,018
# 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.
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.
#898 repayment £345K #1163 Vote to fund future tranches with CBILS
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