jonah
Member of DD Central
Posts: 2,031
Likes: 1,113
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GBBA
Sept 2, 2015 5:16:40 GMT
Post by jonah on Sept 2, 2015 5:16:40 GMT
Mine is still going after the normal pause from midnight to 5 am.
It seems to prefer buying to selling currently though, as the uninvested cash is down.
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shimself
Member of DD Central
Posts: 2,563 
Likes: 1,171
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GBBA
Sept 2, 2015 7:09:11 GMT
Post by shimself on Sept 2, 2015 7:09:11 GMT
Me 350 in the current splurge, which started at exactly 10:00 yesterday. Most of them in Finesse which has a sort of redolence.
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paulgul
Member of DD Central
Posts: 401
Likes: 92
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GBBA
Sept 2, 2015 8:10:51 GMT
Post by paulgul on Sept 2, 2015 8:10:51 GMT
Looks like I had just over 200 transactions yesterday, none today so far, a lot of mine were for just 18p - strange!
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GBBA
Sept 2, 2015 9:13:14 GMT
Post by chris on Sept 2, 2015 9:13:14 GMT
Okay, I've seen the thread and will take a look.
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GBBA
Sept 2, 2015 17:17:31 GMT
Post by yorkshireman on Sept 2, 2015 17:17:31 GMT
Okay, I've seen the thread and will take a look. And what did you find Chris? Is it safe to put money back into the GBBA or will I get a load of £0.01 parts?
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jonah
Member of DD Central
Posts: 2,031
Likes: 1,113
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GBBA
Sept 2, 2015 20:17:39 GMT
Post by jonah on Sept 2, 2015 20:17:39 GMT
Something happened to my account at just after 2pm... A final sale of 168 and since its been happily buying others. The net result is that I'm a fair bit more invested instead of in cash, so overall probably not a bad thing. thanks for having a look chris .  |
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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
Sept 2, 2015 22:03:46 GMT
Post by ilmoro on Sept 2, 2015 22:03:46 GMT
Chucked in todays interest & hasnt triggered a chain reaction. Been immaculately behaved for 24hrs now. Fixed or just exhausted?
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GBBA
Sept 3, 2015 8:17:15 GMT
Post by chris on Sept 3, 2015 8:17:15 GMT
Chucked in todays interest & hasnt triggered a chain reaction. Been immaculately behaved for 24hrs now. Fixed or just exhausted? Temporarily patched until the new system goes live next week.
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jo
Member of DD Central
dead
Posts: 741
Likes: 498
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GBBA
Sept 3, 2015 12:25:34 GMT
Post by jo on Sept 3, 2015 12:25:34 GMT
chris How long should it take to invest £7.5k in GBBA? I deposited on 25th Aug and at time of posting, it's only invested ~£3.7k
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tesim
New Member
Posts: 5
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GBBA
Sept 3, 2015 17:05:57 GMT
Post by tesim on Sept 3, 2015 17:05:57 GMT
The same for me! I invested 7k but after 4 days only 4k hooked (invested). I decided to withdraw the "unwanted" 3k laying in "awaiting investment" status to invest in other platforms. After a while I accessed my AC account and discovered the system decrease my invested money and increase the awaiting investment.
I noticed the awaiting investment funds is not a fixed number but change from time to time....sometimes the number increase and sometimes decrease. Why the awaiting investment goes up and down? I thought once the money lent are matched, they stay matched.
is anybody out there able to explain this phenomenon in simple words?
thanks
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Post by chris on Sept 3, 2015 19:55:15 GMT
It's the diversification rules. There aren't enough loan units available at the moment to fully invest (more loans are on their way which will fix this). When you uninvest your funds that then you're reducing your holding in that account which also reduces the maximum amount the system can lend to any one loan, so it has to sell. The fluctuations are based on two things, speculative selling to try and invest in other loans to diversify your holdings, and fluctuations in the total amount invested in the account by all lenders which in turn affects provision fund level diversification.
There's a new release of the software happening next week which aims to reduce or remove those fluctuations but we still need more loans to draw down and become available for the system to work optimally. Another tweak that'll be released at the same time will help address the idle funds issue to a degree.
Chris
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tesim
New Member
Posts: 5
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GBBA
Sept 4, 2015 8:11:48 GMT
Post by tesim on Sept 4, 2015 8:11:48 GMT
Thanks Chris, that means an account holder, in order to have all his money invested, need to have a surplus of offer (in terms of available borrowers in GBBA). BY the way I just withdraw only the funds laying in the awaiting investment status.
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GBBA
Sept 4, 2015 15:24:50 GMT
Post by chris on Sept 4, 2015 15:24:50 GMT
Thanks Chris, that means an account holder, in order to have all his money invested, need to have a surplus of offer (in terms of available borrowers in GBBA). BY the way I just withdraw only the funds laying in the awaiting investment status. Yes, you'd need at least 5 loans with sufficient loan units for sale to be able to fully deploy your funds. There are some changes in the update next week to help with that but we still need more supply for the accounts to work properly. There's a fair few loans scheduled to draw down in weeks 3 and 4 this month which should provide that supply.
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GBBA
Sept 4, 2015 15:34:36 GMT
Post by siatou on Sept 4, 2015 15:34:36 GMT
What I don't like. or understand, is why on 3rd Sept at 17.15 over £260 of my holdings are sold and a day later only about £5 has been re-invested.
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GBBA
Sept 6, 2015 9:36:06 GMT
Post by geoffrey on Sept 6, 2015 9:36:06 GMT
And a family member of mine has some ridiculous activity in this account. Take a look at the following, all taking place within the space of ~10mins, some within the space of a few milliseconds, all transacting the same loan:
2015-09-03 17:08:04.812371+01 Sale of loan part Merseyside Care Home (165) 25.48
2015-09-03 17:09:04.841698+01 Purchase loan part Merseyside Care Home (165) -100
2015-09-03 17:09:04.841698+01 Purchase loan part Merseyside Care Home (165) -11.42
2015-09-03 17:09:04.841698+01 Purchase loan part Merseyside Care Home (165) -100
2015-09-03 17:09:04.841698+01 Purchase loan part Merseyside Care Home (165) -100
2015-09-03 17:10:34.997749+01 Sale of loan part Merseyside Care Home (165) 11.42
2015-09-03 17:10:34.997749+01 Sale of loan part Merseyside Care Home (165) 100
2015-09-03 17:10:34.997749+01 Sale of loan part Merseyside Care Home (165) 100
2015-09-03 17:10:34.997749+01 Sale of loan part Merseyside Care Home (165) 100
2015-09-03 17:12:39.042997+01 Purchase loan part Merseyside Care Home (165) -0.22
2015-09-03 17:12:39.042997+01 Purchase loan part Merseyside Care Home (165) -100
2015-09-03 17:12:39.042997+01 Purchase loan part Merseyside Care Home (165) -100
2015-09-03 17:12:39.042997+01 Purchase loan part Merseyside Care Home (165) -96.36
2015-09-03 17:12:39.042997+01 Purchase loan part Merseyside Care Home (165) -14.84
2015-09-03 17:14:13.475797+01 Sale of loan part Merseyside Care Home (165) 11.42
2015-09-03 17:14:13.475797+01 Sale of loan part Merseyside Care Home (165) 100
2015-09-03 17:14:13.475797+01 Sale of loan part Merseyside Care Home (165) 100
2015-09-03 17:14:13.475797+01 Sale of loan part Merseyside Care Home (165) 100
2015-09-03 17:15:40.621332+01 Purchase loan part Merseyside Care Home (165) -100
2015-09-03 17:15:40.621332+01 Purchase loan part Merseyside Care Home (165) -11.42
2015-09-03 17:15:40.621332+01 Purchase loan part Merseyside Care Home (165) -100
2015-09-03 17:15:40.621332+01 Purchase loan part Merseyside Care Home (165) -100
2015-09-03 17:16:59.126059+01 Sale of loan part Merseyside Care Home (165) 100
chris, is this the intended behaviour? The silly thing is, the net result of all of this manic trading is that £185.94 of this loan was sold, yet the overall position of the account shows uninvested funds of £362.90, or 23% of my family-member's holdings in this account (after the above activity). The activity seems to have been set off by my family-member investing a further £500 in the GBBA.
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