Post by slumberingaccountant on Dec 28, 2016 10:14:48 GMT
I thought that following other years, the PM would be more of less zero leading to a boom in the SM. I think FC flooded the PM and shot themselves in both feet. I couldnt believe the number of loans that were listed 21-23 December.
Another million down and the cupboard is bare. My pre-owned, one careful owner, never been raced ten percenters are flying off the shelf at a very satisfying premium.
FC need to improve bookkeeping. Deleting the transaction lines for those above is very poor practice.
I think you mean FC need to learn bookkeeping, if a mere slumberingaccountant can spot their poor practice
It is standard practice on Planet FC to remove statement transactions for "Loan Offers" if the bid does NOT turn into a loan part.
Has been since the days of actual auctions and bid/rebid/rebid cycle of trying to get a high bid in. You used to see it a lot more, back then. Now, almost all auctions you bid in turn into loans.
The observation that a "loan offer" isn't really a statement-recordable-transaction has been made before. But FC are stuck with their systems set to "broken as designed".
I think they only remove it from the transaction report digest that they offer up to customers**. The REAL transaction report is much larger and slightly more detailed (like it has two timestamps for transactions in many cases - bid at, and finalised at), and maybe they don't go deleting lines from that one. They still seem able to break an atomic transaction into two quarks, and then lose or duplicate one, though .. i.e. I can record the sale of a loan part, but the buyer never gets to buy it.
** the summarising process is what breaks when you have too many transactions, so you get told 'there were none' .. there were, but the extraction job couldn't complete in the allotted time.
General Systems Vehicle Three Minds in a Can .. bringing The Culture to a Supercluster near you. (Iain M. Banks, R.I.P.)
NB 'Moderator' superpowers extend to forum mechanics and rules interpretation. Anything else mentioned is (at best) a personal opinion.
There's plenty of A+ Uxbridge at 10%. (This could become my new West Byfleet. )
Thanks for flagging that one. I've just made my first cash transfer back IN to Faintly Comical for about 15 months (the greener grass on t'other side of the fence looking rather patchy in places at the moment).
It's starting to feel like we need to start an "A+ 10% alert" thread to replace the old E alerts...
[Of course, I'm now an arch Diversity Criminal, with something approaching 99% exposure to a single loan ]
Looks like they pulled the plug on the 2nd A+ 10% Uxbridge loan. Maybe they forgot that they have changed the risk categories and that it should have been rated a at B at 10%.....
Looks like they pulled the plug on the 2nd A+ 10% Uxbridge loan. Maybe they forgot that they have changed the risk categories and that it should have been rated a at B at 10%.....
Curious. The 1st tranche (32365) looks to have completed OK as an A+ 10%. Perhaps the 2nd will reappear in due course...
Looks like they pulled the plug on the 2nd A+ 10% Uxbridge loan. Maybe they forgot that they have changed the risk categories and that it should have been rated a at B at 10%.....
That is sounding too close to the possible reason. I bought a lot of Uxbridge1 A+ yesterday, which is live, and our bids on Uxbridge2 have been rejected without explanation. I was so pleased to see this project. What have they done? Will they repay Uxbridge1? Will Uxbridge2 be relisted and go as a whole loan - after I sold stuff to put on it?
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