Assetz Upcoming loans/drawdowns

There are 587 lenders who have invested in this loan, it's demand not market manipulation.

I'm a bit confused!

My personal account fulfilled my order in full.

My business account (order amount revised up early this morning) picked up approx. 45% of my order down to the last penny available in MLIA and then didn't touch the cash that is 'awaiting investment' in the quick access account.

My partners GBBA picked up an arbitrary 109.8244717565 .......

Struggling to guess what I have done 'wrong' although 'user error' might come into it (?)

My order was in before drawdown, fully covered by cash in the MLIA (most of which was also in the QAA; the rest was in the queue).

My order has been met in full. Better still, all of my remaining MLIA cash is now in the QAA. I'm happy!

Cash in the QAA won't be used if it went there directly. The QAA will only use cash that it's taken from the MLIA.

I don't think that info is available.

About 20% of my order was fulfilled with cash in my MLIA that was queuing to get into the QAA (all of my queued cash) and 80% was pulled from the QAA. Some people will have done better than this and others will have done less well.

My guess is that at least £400k of the £471k on the market will have come from the QAA (including funds lent to the QAA from the GBBA) but it's only a guess.

Edit: ilmoro - My queued cash was not sucked into the QAA. It felt like it had been but the transaction list shows otherwise. It shows £X used to buy the loan part and £X-Y pulled from the QAA, where £Y is the amount of cash that I had in the queue.

My order was fulfilled completely, using money in my MLIA that should have been queued to get into the QAA.  (It came from loan parts sold earlier in the week after the QAA had reached its limit.)  So perhaps I should be grateful that my idle funds hadn't actually reached the front of the queue and been put into the QAA.

But I'm confused by the reference above to cash that is 'awaiting investment' in the QAA.  I have funds 'Awaiting Investment' in my MLIA, but none showing in my QAA so I think my MLIA money is in the QAA queue only because my QAA reports it is set to invest idle funds from all my accounts.  Is there another way to tell what is queued and what isn't?

My QAA shows it has 1p 'Lent from idle funds'.  I presume that's money that got into the queue earlier, and the rest of my idle money still is queued, but I haven't a clue whether it's near the front of the queue or behind £Millions of others' money.  chris:  Until such time as the QAA limit has been raised so high that there's no queue at all, I think AC need to supply some info letting people know where their money is in the queue.  When I put money on offer at Zopa, they tell me how much money is ahead of me in the queue.  If I have multiple chunks on offer, then the list has multiple entries.  I only see that data if I ask for it, so it shouldn't confuse anyone who doesn't care, but I'd be surprised if there would be many people who don't care -- unless the queueing time is quite short.  AC could do something similar.

My small GBBA picked up an amount of Loan #174 that represented 20% of my GBBA balance, so that seems to have worked OK.  (duck: What fraction of their total GBBA does the amount of #174 bought for your partner represent?  Is it close to 20%?)  I also picked up a small bit of another loan for my GBBA.  My GBBA is now 50.88% invested, 48.96% Awaiting Investment, and 0.16% gone walkies.  I don't expect any further significant GBBA investment until the next eligible loan draws down.

chris:  Thanks for that info.  I presume this result depended on the relative sizes of the aggregated MLIAs and GBBAs, and the amount of total idle funds.

Based on my GBBA putting 20% of its value into #174, I expect that any other GBBA with that much uninvested funds would have done likewise.  So if the GBBA has priority, and the total value of all GBBAs with uninvested funds were to be more than five times the amount of initially available parts of a newly drawndown loan, and there were sufficient uninvested funds in those GBBAs, does that mean all the available parts of the new loan would go into those GBBAs? 

In addition to the above concern, what happens with GBBAs that are fully invested when a new loan draws down?  Does the algorithm take that event as an opportunity to rebalance all those GBBAs' holdings by buying a bit of the new loan for each and selling some parts of the loans that those GBBAs are holding the most of?  In that case, the aggregate GBBA size that it would take for GBBAs to 'corner the market' of a new loan's parts is even smaller.

I suppose much of this issue would be avoided if the supply of new loans is sufficient to satisfy all the GBBAs and still have lots of parts left for MLIA investors.  So we have to hope that AC can increase the deal flow faster than the GBBA is growing.  I sure hope they can.