jonah
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GBBA
Sept 6, 2015 12:58:04 GMT
Post by jonah on Sept 6, 2015 12:58:04 GMT
That sort of high freq trading should be improved on by the account updates which are due this week as I understand it.
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GBBA
Sept 6, 2015 15:10:46 GMT
Post by Ton ⓉⓞⓃ on Sept 6, 2015 15:10:46 GMT
That sort of high freq trading should be improved on by the account updates which are due this week as I understand it. Perhaps this has already been said, but presumably it might get 'worse' next week at least for awhile when the system starts to trade amongst GBBA holders to give more balanced holdings, that should allow for more of the "Awaiting Investment" monies to be used up which in itself will create another bout of buy/sell. After that, hopefully, all the churning will be finally over, famous last words?
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gt94sss2
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Post by gt94sss2 on Sept 6, 2015 16:03:11 GMT
chris, any news on this? ISTR the same question being asked about the green account. Should really have a solid answer by now... Yes, I raised it back in March when it happened with the GEIA
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gt94sss2
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GBBA
Sept 7, 2015 16:06:56 GMT
Post by gt94sss2 on Sept 7, 2015 16:06:56 GMT
From my GEIA and GBBA account being fully invested over the weekend (which I was happy with) - they are now showing as
£202.18 76.81 uninvested in the GEIA and 71.33 uninvested in the GBBA - no idea why.
The GEIA account has 10.5 pages of transactions for today alone so far - almost all in #180.
Also, for some reason on the statement/transaction page I can't choose which page to go too - I can only pick those listed (i.e. the ... functionaility I would expect isn't working
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jonah
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GBBA
Sept 8, 2015 10:21:22 GMT
Post by jonah on Sept 8, 2015 10:21:22 GMT
chris, any news on this? ISTR the same question being asked about the green account. Should really have a solid answer by now... An official statement is being worked on between marketing, compliance and legal. I got the email about 182 which I'm not involved with in my manual account. if the plan is that GBBA and Geia accounts get these emails, whilst I don't have a legal background, from a usability perspective, a preface about this going to all people exposed to this company and reminders of the PF would seem sensible for the packaged accounts.
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GBBA
Sept 8, 2015 10:23:16 GMT
Post by chris on Sept 8, 2015 10:23:16 GMT
An official statement is being worked on between marketing, compliance and legal. I got the email about 182 which I'm not involved with in my manual account. if the plan is that GBBA and Geia accounts get these emails, whilst I don't have a legal background, from a usability perspective, a preface about this going to all people exposed to this company and reminders of the PF would seem sensible for the packaged accounts. The compliance / legal team are working on exactly how it should be presented. All we know at the moment is that all investors, regardless of method, need to receive those notices. So it's being addressed.
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jonah
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GBBA
Sept 8, 2015 10:49:38 GMT
Post by jonah on Sept 8, 2015 10:49:38 GMT
Fair enough. I suspect that you have other things to worry about today, but glad to hear the first part (who gets them) is answered. I'm sure the other parts (formatting, mentions of why people get them etc) will be worked through in time.
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mikes1531
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GBBA
Sept 13, 2015 20:22:20 GMT
Post by mikes1531 on Sept 13, 2015 20:22:20 GMT
I wrote the first part of the following message while ploughing my way through the 11 pages of this thread, having returned recently from a long holiday. I started to delete it as being redundant, but decided to leave it in the light of Stuart's comment about 30-day availability and my experience this evening -- see below. I thought (dreamt? Read on here?) that that was the reason for the series 1 part, to let Ac do another version which was basically the same but at a different rate of return. If a higher rate series 2 was offered, there would surely be an unseemly rush for the exit on series 1 and some sore losers who didn't react in time, for what ever reason - on holiday,asleep,too busy,etc. Series 1 punters would effectively be locked in for the remaining life of the loans it contained. This is a risk that we all accept, given that p2p is not like a bank deposit account, but, nonetheless, I suspect there is an expectation of a degree of liquidity with this new account. Wouldn't be kinder to all if the rate gradually changed to reflect the average interest rate of older and newer loans? The exit of Series 1 investors isn't dependent on finding buyers who want Series 1. It's dependent on the ability of the system to sell the underlying loans. So it will be possible to liquidate Series 1 holdings as long as there are people -- or even the Series 2 investing algorithm -- willing to invest in the constituent loans. Based on the experience of seeing old 6.5% BTL loan parts sell on the Aftermarket, I suspect there won't be a problem if Series 2 is issued with a higher return than Series 1. _________________ Later addition... Having read the earlier postings from people who found their investments deployed in ten minutes, I decided to give the GBBA a try. So at 2001 this evening I moved a small sum from my MLIA into my GBBA -- via my CA, of course. As I write this, an hour and a quarter later, I find that 100% of my test deposit still is 'Awaiting Investment', and my GBBA statement is devoid of any activity after the initial transfer in. So much for rapid deployment! We'll see what happens tomorrow, but so far I am not impressed. |
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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GBBA
Sept 13, 2015 21:16:07 GMT
Post by ilmoro on Sept 13, 2015 21:16:07 GMT
I wrote the first part of the following message while ploughing my way through the 11 pages of this thread, having returned recently from a long holiday. I started to delete it as being redundant, but decided to leave it in the light of Stuart's comment about 30-day availability and my experience this evening -- see below. If a higher rate series 2 was offered, there would surely be an unseemly rush for the exit on series 1 and some sore losers who didn't react in time, for what ever reason - on holiday,asleep,too busy,etc. Series 1 punters would effectively be locked in for the remaining life of the loans it contained. This is a risk that we all accept, given that p2p is not like a bank deposit account, but, nonetheless, I suspect there is an expectation of a degree of liquidity with this new account. Wouldn't be kinder to all if the rate gradually changed to reflect the average interest rate of older and newer loans? The exit of Series 1 investors isn't dependent on finding buyers who want Series 1. It's dependent on the ability of the system to sell the underlying loans. So it will be possible to liquidate Series 1 holdings as long as there are people -- or even the Series 2 investing algorithm -- willing to invest in the constituent loans. Based on the experience of seeing old 6.5% BTL loan parts sell on the Aftermarket, I suspect there won't be a problem if Series 2 is issued with a higher return than Series 1. _________________ Later addition... Having read the earlier postings from people who found their investments deployed in ten minutes, I decided to give the GBBA a try. So at 2001 this evening I moved a small sum from my MLIA into my GBBA -- via my CA, of course. As I write this, an hour and a quarter later, I find that 100% of my test deposit still is 'Awaiting Investment', and my GBBA statement is devoid of any activity after the initial transfer in. So much for rapid deployment! We'll see what happens tomorrow, but so far I am not impressed. Its slowêd down massively this week, whether this is because of the QAA I dónt know. Ive been drip feeding my inteŗest from MĻIA since the start & the last few days is the first time I havent been fully invested. Problem is theŗe is only 1 eligible loan with decent availibility so it is difficult to start investing now, might impove next week.
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mikes1531
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GBBA
Sept 13, 2015 21:22:39 GMT
Post by mikes1531 on Sept 13, 2015 21:22:39 GMT
Having read the earlier postings from people who found their investments deployed in ten minutes, I decided to give the GBBA a try. So at 2001 this evening I moved a small sum from my MLIA into my GBBA -- via my CA, of course. As I write this, an hour and a quarter later, I find that 100% of my test deposit still is 'Awaiting Investment', and my GBBA statement is devoid of any activity after the initial transfer in. So much for rapid deployment! We'll see what happens tomorrow, but so far I am not impressed. Its slowêd down massively this week, whether this is because of the QAA I dónt know. Ive been drip feeding my inteŗest from MĻIA since the start & the last few days is the first time I havent been fully invested. Problem is theŗe is only 1 eligible loan with decent availibility so it is difficult to start investing now, might impove next week. Is there an easy way to tell which loans are eligible for which PF-protected (GEIA/GBBA/QAA) accounts? I know people have asked for this info to be available on investment lists or on individual loan pages, but AFAIK that hasn't happened yet.
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jonah
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GBBA
Sept 13, 2015 22:14:58 GMT
Post by jonah on Sept 13, 2015 22:14:58 GMT
Several of the loans in upcoming have the GBBA status mentioned in the activity log. You have to look at each individually though.
In terms of GBBA trades, mine is about 80% invested currently, the cash being in QAA. Since the QAA launch there hasn't been any oscillating trades, but also no real buys. A couple of minor sells is all in the last few days, probably due to my reducing the uninvested cash to move it to MLIA.
My GIEA account however had moved to 100% invested since the 11th and stayed there. That hasn't been true of that one for a while. It only has a sixth or so of the money in it that GBBA has, so might be easier to balance out.
My guess... They really need one or two new GBBA eligible loans to go live and help balance out that account. The fact that we are spending so much time discussing accounts and not loans is getting worrisome.
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GBBA
Sept 13, 2015 22:27:12 GMT
Post by pepperpot on Sept 13, 2015 22:27:12 GMT
Its slowêd down massively this week, whether this is because of the QAA I dónt know. Ive been drip feeding my inteŗest from MĻIA since the start & the last few days is the first time I havent been fully invested. Problem is theŗe is only 1 eligible loan with decent availibility so it is difficult to start investing now, might impove next week. Is there an easy way to tell which loans are eligible for which PF-protected (GEIA/GBBA/QAA) accounts? I know people have asked for this info to be available on investment lists or on individual loan pages, but AFAIK that hasn't happened yet. AFAIK, a general proviso of once a credit or monitoring event occurs it will get kicked off the purchase list until resolved, but; GEIA/ fairly obvious - green energy production. GBBA/ Business loans with 'hard' assets of no more than 75% LTV. (Includes development loans...I think, but I don't use it so someone else might be better placed to confirm) QAA/  ? It's a black box. - Top brass are being cagey, I've got my guesses but don't want to air them in case they're right (would make a change). Anyway, westonkevRS might be listening. 
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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GBBA
Sept 13, 2015 22:43:54 GMT
Post by ilmoro on Sept 13, 2015 22:43:54 GMT
Is there an easy way to tell which loans are eligible for which PF-protected (GEIA/GBBA/QAA) accounts? I know people have asked for this info to be available on investment lists or on individual loan pages, but AFAIK that hasn't happened yet. AFAIK, a general proviso of once a credit or monitoring event occurs it will get kicked off the purchase list until resolved, but; GEIA/ fairly obvious - green energy production. GBBA/ Business loans with 'hard' assets of no more than 75% LTV. (Includes development loans...I think, but I don't use it so someone else might be better placed to confirm) QAA/ ? It's a black box. - Top brass are being cagey, I've got my guesses but don't want to air them in case they're right (would make a change). Anyway, westonkevRS might be listening. Yep, GBBA everything except B2L All they need to do is something simple like this in the loan list/loan header to denote GBBA eligible (& something similar for GEIA) In the meantime, I suppose we could knock up our own list Attachments:
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GBBA
Sept 14, 2015 9:41:42 GMT
sqh likes this
Post by msa on Sept 14, 2015 9:41:42 GMT
There were some GBP 850 available in the Spondon Bridging Loan (74) Sunday and I put in an order for the MLIA which has not been filled only to see that I actually bought some of that loanon Monday in the GBBA paying me 7% instead of the 18% I would get through the direct holding I intended.
Clearly the direct investment requests via MLIA should have first priority otherwise the whole system does not make any sense.
AC represenatives please advise.
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jonah
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Post by jonah on Sept 14, 2015 11:11:24 GMT
In the meantime, I suppose we could knock up our own list I've looked at what is in my GEIA / GBBA accounts... so this won't be everything which could be in them just what happens to be in mine. GEIA 145 160 90 77 112 106 125 93 83 180 121 127 GBBA 165 168 179 36 66 154 157 162 115 81 175 144 190 171 164 114 82 163 186 158 133 182 153 147 74 152 178 120 110 113 Also, I've spotted 196, 199 & 200 mentioned being GBBA eligible at drawdown.
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? It's a black box. - Top brass are being cagey, I've got my guesses but don't want to air them in case they're right (would make a change). Anyway, 
