taca
Posts: 29 
Likes: 8
|
Post by taca on May 22, 2014 19:57:17 GMT
Can anyone advise me as to how one removes units from the aftermarket, following a change of heart? Or would I have to buy them back off myself?
|
|
mikes1531
Member of DD Central
Posts: 6,453
Likes: 2,320
|
Post by mikes1531 on May 28, 2014 14:51:59 GMT
Can anyone advise me as to how one removes units from the aftermarket, following a change of heart? Or would I have to buy them back off myself? It's possible that if you increase your AI target back to your existing investment AI automatically would either withdraw your loan parts from sale or possibly try to buy them back -- though you'd need to have at least £100 of cash available in your account in order to achieve the latter. No doubt chris can provide the best answer.
|
|
|
|
Post by chris on May 28, 2014 15:49:20 GMT
Can anyone advise me as to how one removes units from the aftermarket, following a change of heart? Or would I have to buy them back off myself? It's possible that if you increase your AI target back to your existing investment AI automatically would either withdraw your loan parts from sale or possibly try to buy them back -- though you'd need to have at least £100 of cash available in your account in order to achieve the latter. No doubt chris can provide the best answer. Set your AI target to your current holding and it will delist loan units for you. This feature will make its way to the manual screens in the next few weeks but for now you can use AI to do it for you.
|
|
|
|
Post by Ton ⓉⓞⓃ on May 28, 2014 16:38:11 GMT
It's possible that if you increase your AI target back to your existing investment AI automatically would either withdraw your loan parts from sale or possibly try to buy them back -- though you'd need to have at least £100 of cash available in your account in order to achieve the latter. No doubt chris can provide the best answer. Set your AI target to your current holding and it will delist loan units for you. This feature will make its way to the manual screens in the next few weeks but for now you can use AI to do it for you. I take it chris that your method works if you bought them manually or you had AI buy them in some fashion? I ask, as about two days ago someone was saying that if you bought them by hand AI wouldn't unsell them i.e. remove them from sale. I've experienced this sort of thing aswell.
|
|
|
|
Post by chris on May 28, 2014 16:39:38 GMT
Set your AI target to your current holding and it will delist loan units for you. This feature will make its way to the manual screens in the next few weeks but for now you can use AI to do it for you. I take it chris that your method works if you bought them manually or you had AI buy them in some fashion? I ask, as about two days ago someone was saying that if you bought them by hand AI wouldn't unsell them i.e. remove them from sale. I've experienced this sort of thing aswell. AI can specifically de-list loan units from the aftermarket, rather than having to buy them back. So this is a separate mechanism not currently available for manual use. Edit: It shouldn't matter to AI whether the loan units were manually bought or manually listed, it just looks at your current total position.
|
|
j
Member of DD Central
Penguins are very misunderstood!
Posts: 2,188
Likes: 540
|
Post by j on May 28, 2014 16:45:35 GMT
A significant number of both Yorky & Furny units have disappeared from AM over last couple of hours. One can never predict the dynamics of AM where you can have units listed for some time with very little movement then 'bang' all disappear very quickly. Either lenders with deep pockets seem to scoop everything in a very short space of time or something else I'm not comprehending is going on as I doubt it's the small lenders all deciding to buy units at the same time
|
|
andy2001
Member of DD Central
Posts: 361
Likes: 34
|
Post by andy2001 on May 28, 2014 17:03:13 GMT
A significant number of both Yorky & Furny units have disappeared from AM over last couple of hours. One can never predict the dynamics of AM where you can have units listed for some time with very little movement then 'bang' all disappear very quickly. Either lenders with deep pockets seem to scoop everything in a very short space of time or something else I'm not comprehending is going on as I doubt it's the small lenders all deciding to buy units at the same time Yor***re now showing as 100% user bids, but who knows if they where all bought buy normal users or if the underwriter bought some of their own units as seemed to happen a few days ago with the Fu****ure loan.
|
|
j
Member of DD Central
Penguins are very misunderstood!
Posts: 2,188
Likes: 540
|
Post by j on May 28, 2014 17:27:55 GMT
A significant number of both Yorky & Furny units have disappeared from AM over last couple of hours. One can never predict the dynamics of AM where you can have units listed for some time with very little movement then 'bang' all disappear very quickly. Either lenders with deep pockets seem to scoop everything in a very short space of time or something else I'm not comprehending is going on as I doubt it's the small lenders all deciding to buy units at the same time Yor***re now showing as 100% user bids, but who knows if they where all bought buy normal users or if the underwriter bought some of their own units as seemed to happen a few days ago with the Fu****ure loan. I have a feeling it might be your latter suggestion. Furny had some £70k while Yorky I'm sure was over £20k. They can't have all been bought within 1-2 hours by us small lenders
|
|
|
|
Post by Ton ⓉⓞⓃ on May 28, 2014 18:36:40 GMT
Doesn't Zopa have a pet institutional Lender, it wouldn't surprise me if AC does too. Perhaps if somethings been sitting on the AM for more than a certain time then they're allowed to buy. That is pure guesswork, which is my expertise.
|
|
|
|
Post by chris on May 28, 2014 19:07:08 GMT
Yor***re now showing as 100% user bids, but who knows if they where all bought buy normal users or if the underwriter bought some of their own units as seemed to happen a few days ago with the Fu****ure loan. I have a feeling it might be your latter suggestion. Furny had some £70k while Yorky I'm sure was over £20k. They can't have all been bought within 1-2 hours by us small lenders We have a number of large lenders too  There's been £3.85m sold on the aftermarket in the last month.
|
|
|
|
Post by bracknellboy on May 28, 2014 19:41:03 GMT
I have a feeling it might be your latter suggestion. Furny had some £70k while Yorky I'm sure was over £20k. They can't have all been bought within 1-2 hours by us small lenders We have a number of large lenders too There's been £3.85m sold on the aftermarket in the last month. : that is pretty impressive considering the current loan book size. Its also impressive that you are continuing to hold to a policy of no fees on the aftermarket: while that clearly will substantially contribute to AM activity, it must be very tempting to introduce a notional/nominal fee, esp. as it would go straight into ACs bottom line.
|
|
|
|
Post by chris on May 28, 2014 19:57:34 GMT
We have a number of large lenders too There's been £3.85m sold on the aftermarket in the last month. : that is pretty impressive considering the current loan book size. Its also impressive that you are continuing to hold to a policy of no fees on the aftermarket: while that clearly will substantially contribute to AM activity, it must be very tempting to introduce a notional/nominal fee, esp. as it would go straight into ACs bottom line. Never say never but we have no plans to introduce any lender fees. We feel it's fairer to lenders to build in our fees elsewhere and to make the rates of return more transparent rather than slapping various fees on afterwards. I'm not aware of any sentiment that this should be reviewed let alone changed.
|
|
markr
Member of DD Central
Posts: 766
Likes: 426
|
Post by markr on May 29, 2014 8:19:29 GMT
We have a number of large lenders too I'm a large lender of a small amount. Worst of both worlds, I should invest in loans rather than cakes (although on ReBS there was a happy combination when a borrower sent all their lenders a piece of cake, I look forward to receiving a chunk of wind turbine in the post)!
|
|
spockie
Member of DD Central
Posts: 299 
Likes: 84
|
Post by spockie on May 29, 2014 9:24:58 GMT
We have a number of large lenders too I'm a large lender of a small amount. Worst of both worlds, I should invest in loans rather than cakes (although on ReBS there was a happy combination when a borrower sent all their lenders a piece of cake, I look forward to receiving a chunk of wind turbine in the post)! Might have been tempted by the London retail had there been a handbag or wallet in the post!
|
|
oldgrumpy
Member of DD Central
Posts: 5,087
Likes: 3,233
|
Post by oldgrumpy on May 29, 2014 9:30:22 GMT
"Might have been tempted by the London retail had there been a handbag or wallet in the post!"
A haaannndddbag? Lady Bracknellboy got one!
<Shut up, Grumpy. Don't start that up again!!  >
|
|
There's been £3.85m sold on the aftermarket in the last month.
>