ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,330 
Likes: 11,549
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GBBA
Aug 3, 2015 13:59:08 GMT
Post by ilmoro on Aug 3, 2015 13:59:08 GMT
So having avoided all the fun of the GEIA Im going to give this one a whirl. Token sum thrown at it and off it chunders. Fully invested with a page worth of shapnel after 10mins, 3 CH, a hotel & Gen R
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GBBA
Aug 3, 2015 14:01:20 GMT
tonyr likes this
Post by chris on Aug 3, 2015 14:01:20 GMT
So having avoided all the fun of the GEIA Im going to give this one a whirl. Token sum thrown at it and off it chunders. Fully invested with a page worth of shapnel after 10mins, 3 CH, a hotel & Gen R As mentioned in the release notes this is still on the same overall algorithm as the GEIA. Improvements to that algorithm are coming and will be released across all accounts in the next few weeks.
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niceguy37
Member of DD Central
Posts: 504
Likes: 254
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GBBA
Aug 3, 2015 16:51:14 GMT
Post by niceguy37 on Aug 3, 2015 16:51:14 GMT
I put a test investment in, and it was all invested in 10 minutes, with no balance left not earning interest. So that's an encouraging start.
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j
Member of DD Central
Penguins are very misunderstood!
Posts: 2,188
Likes: 540
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GBBA
Aug 3, 2015 17:19:35 GMT
Post by j on Aug 3, 2015 17:19:35 GMT
Good luck to those who decide to use as a meaty part of their investments. It has its advantages for sure, especially those with little time or inclination to do DD on individual loans but not for me. I'd like to know exactly where I'm investing & by how much per loan.
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Post by chris on Aug 3, 2015 17:22:18 GMT
Good luck to those who decide to use as a meaty part of their investments. It has its advantages for sure, especially those with little time or inclination to do DD on individual loans but not for me. I'd like to know exactly where I'm investing & by how much per loan. Don't worry, in the next update to the MLIA you'll have more control than you currently do. We aim to look after all types of investor as best as any one platform can.
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jonah
Member of DD Central
Posts: 2,031
Likes: 1,113
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GBBA
Aug 3, 2015 18:14:24 GMT
Post by jonah on Aug 3, 2015 18:14:24 GMT
Is the PF for GBBA ring fenced from GeIAs or are they mixed?
Would I be correct to assume this could include all loans which are not in the GeIAs?
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Maestro
Member of DD Central
Posts: 87
Likes: 24
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GBBA
Aug 3, 2015 18:37:41 GMT
Post by Maestro on Aug 3, 2015 18:37:41 GMT
Good luck to those who decide to use as a meaty part of their investments. It has its advantages for sure, especially those with little time or inclination to do DD on individual loans but not for me. I'd like to know exactly where I'm investing & by how much per loan. Don't worry, in the next update to the MLIA you'll have more control than you currently do. We aim to look after all types of investor as best as any one platform can. , Are there any plans to provide aggregated amount invested per loan in GEIA and GBBA?
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GBBA
Aug 3, 2015 18:38:48 GMT
Post by chris on Aug 3, 2015 18:38:48 GMT
Is the PF for GBBA ring fenced from GeIAs or are they mixed? Would I be correct to assume this could include all loans which are not in the GeIAs? They're separate ring fenced funds in this instance, but that's not to say all accounts will be. I believe the next account we'll launch will share the fund with the GBBA but that hasn't been decided for sure yet. The GBBA explicitly excludes GEIA loans, although again that isn't necessarily true for future accounts.
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GBBA
Aug 3, 2015 18:40:37 GMT
Post by chris on Aug 3, 2015 18:40:37 GMT
Don't worry, in the next update to the MLIA you'll have more control than you currently do. We aim to look after all types of investor as best as any one platform can. , Are there any plans to provide aggregated amount invested per loan in GEIA and GBBA? Not currently although I wouldn't rule it out.
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GBBA
Aug 3, 2015 19:03:16 GMT
Post by bollidear on Aug 3, 2015 19:03:16 GMT
Apologies in advance for what will probably be a dumb question, but how do you pull money out of the GBBA? Is it just a case of increasing and decreasing investment targets and the cash gets released, or is there a loan part selling process that may not guarantee a liquidation? I've almost got a full set of P2P accounts so my brain is frazzled trying to work out how every one works (especially after having eventually worked out how to liquidate Bondora loans !!)
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Maestro
Member of DD Central
Posts: 87
Likes: 24
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GBBA
Aug 3, 2015 19:29:03 GMT
Post by Maestro on Aug 3, 2015 19:29:03 GMT
chris, Are there any plans to provide aggregated amount invested per loan in GEIA and GBBA? Not currently although I wouldn't rule it out. Ok, or providing total amount invested by an investor in each loan within GEIA or GBBA? This information is available via transaction report but its bit of a hassle to filter it out.
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GBBA
Aug 3, 2015 19:40:06 GMT
Post by chris on Aug 3, 2015 19:40:06 GMT
Apologies in advance for what will probably be a dumb question, but how do you pull money out of the GBBA? Is it just a case of increasing and decreasing investment targets and the cash gets released, or is there a loan part selling process that may not guarantee a liquidation? I've almost got a full set of P2P accounts so my brain is frazzled trying to work out how every one works (especially after having eventually worked out how to liquidate Bondora loans !!) If you adjust your target downwards then the system will release any uninvested cash you may have in your account. If there's no uninvested cash then a withdrawal target is set. This will mean loan units will be sold from across your loan book (within that account) and loan repayments (capital and interest) will be diverted in order to try and satisfy that request. Once the withdrawal target has been satisfied then the system goes back to normal.
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GBBA
Aug 3, 2015 19:40:32 GMT
Post by chris on Aug 3, 2015 19:40:32 GMT
Not currently although I wouldn't rule it out. Ok, or providing total amount invested by an investor in each loan within GEIA or GBBA? This information is available via transaction report but its bit of a hassle to filter it out. Again not currently planned but not ruled out.
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jonah
Member of DD Central
Posts: 2,031
Likes: 1,113
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GBBA
Aug 3, 2015 20:19:53 GMT
Post by jonah on Aug 3, 2015 20:19:53 GMT
Is the PF for GBBA ring fenced from GeIAs or are they mixed? Would I be correct to assume this could include all loans which are not in the GeIAs? They're separate ring fenced funds in this instance, but that's not to say all accounts will be. I believe the next account we'll launch will share the fund with the GBBA but that hasn't been decided for sure yet. It might be worth having a word with marketing, as reading the new pages, there are a lot of references to 'the' in a singular way, implying a single account. Hence my question. I assume the previously mentioned page showing the size of the PF(s) would also help. overall an interesting idea. Sort of an RS/FC hybrid. I suspect that members of this forum aren't really your target audience but with the right advertising I could see it doing well. Personally I may use it as a holding ground, once the suggested algorithm tweaks are in place. The greater number of loans compared to Geia makes it preferable to me in that regard as the greater diversity should help with reducing losses. I did find one thing interesting... I've not done the maths, but I suspect that the average non GIEA loan gives a higher interest rate than the average Geia one... Was the decision on having the same interest rate to avoid too much money transferring or have I missed something?
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GBBA
Aug 3, 2015 20:40:47 GMT
Post by chris on Aug 3, 2015 20:40:47 GMT
They're separate ring fenced funds in this instance, but that's not to say all accounts will be. I believe the next account we'll launch will share the fund with the GBBA but that hasn't been decided for sure yet. It might be worth having a word with marketing, as reading the new pages, there are a lot of references to 'the' in a singular way, implying a single account. Hence my question. I assume the previously mentioned page showing the size of the PF(s) would also help. overall an interesting idea. Sort of an RS/FC hybrid. I suspect that members of this forum aren't really your target audience but with the right advertising I could see it doing well. Personally I may use it as a holding ground, once the suggested algorithm tweaks are in place. The greater number of loans compared to Geia makes it preferable to me in that regard as the greater diversity should help with reducing losses. I did find one thing interesting... I've not done the maths, but I suspect that the average non GIEA loan gives a higher interest rate than the average Geia one... Was the decision on having the same interest rate to avoid too much money transferring or have I missed something? Marketing are aware and changes have been drafted to make it clearer, however they need to clear compliance before they can be set live. The accounts are targeted at lenders who are time poor, non-sophisticated, or who just like the idea of a provision fund on top of the asset security. At first glance that may not appeal to forum members but a surprising proportion of our lenders put at least some of their funds the automatic accounts. The next account we launch will be different to a simple repackaging of a proportion of our loan book and may be attractive to lenders who aren't interested in the GBBA or GEIA. Time will tell. A lot of thought was put into the rate to make it both attractive to lenders but also help make sure we can source a lot of loans to put into the account. GEIA is being reviewed and we may end up releasing a series two account in due course. The next account definitely won't have the same rate and over time we'll end up with a wide range of products at different rates with and without provision funds.
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