duck
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GBBA
May 4, 2016 6:32:07 GMT
Post by duck on May 4, 2016 6:32:07 GMT
In downloading the transactions for my wife's GBBA I note .....
When interest payments were made they (as expected) were transferred .... Investment into Quick Access Account (5)
From 2nd of May the transfer made is ..... Investment into Great British Business Account (4)
So what (if anything apart from terminology) has been changed? Is this a different pot of cash? If it is a different pot is it paying the same interest as the QAA?
I note also that the QAA interest statement for April has been given the correct rate (unlike MLIA where it was questioned on another thread) Interest payment for Quick Access Account for month 2016-04 @ 4.25% per annum
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duck
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GBBA
May 8, 2016 7:47:30 GMT
Post by duck on May 8, 2016 7:47:30 GMT
Since the repayment of #190 my wife's GBBA account has (for the first time for several months) un-invested cash waiting.
My 2 MILA accounts were also in #190 so they also have un-invested cash.
I note both my MILA accounts have bought (as instructed) #223 & 255 (both GBBA eligible) but my wife's account has bought nothing.
Her account is already invested in both these loans (a few £, 0.03% & 0.04% of total investment) and the sums bought by my MILA accounts were small (£33 total) but since purchases are often for 0.0000000001p I'm surprised that the GBBA account didn't have a nibble .....
So have I missed a 'rule' outlined in another post that explains this? Is this normal behaviour?
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dave
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GBBA
May 8, 2016 10:25:09 GMT
Post by dave on May 8, 2016 10:25:09 GMT
no gbba purchases for me since 19:10 on 4th May
750 quid waiting to purchase something
hopefully a minion will give the server a kick on Monday morning
Dave
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jonah
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GBBA
May 8, 2016 17:00:23 GMT
Post by jonah on May 8, 2016 17:00:23 GMT
Several loans due on Monday so fingers crossed.
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ben
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GBBA
May 8, 2016 17:03:43 GMT
Post by ben on May 8, 2016 17:03:43 GMT
maybe it is currnetly fully invested I have a little bit to reinvest to
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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
May 8, 2016 19:09:39 GMT
Post by ilmoro on May 8, 2016 19:09:39 GMT
Well having decided to give the GBBA another go after dumping it during the drought I added a token amount yesterday and to date it has purchased ... 0.0001070935409217238200000000000000272000 of #174 so I can only assume that none of the 21 loans currently showing availability are eligible or its bust!  |
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ben
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GBBA
May 8, 2016 19:21:53 GMT
Post by ben on May 8, 2016 19:21:53 GMT
It is probably full but a few more loans going next week so probably be ok im aobut 98% invested so cant complain to much
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mikes1531
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GBBA
May 8, 2016 21:17:19 GMT
Post by mikes1531 on May 8, 2016 21:17:19 GMT
Well having decided to give the GBBA another go after dumping it during the drought I added a token amount yesterday and to date it has purchased ... 0.0001070935409217238200000000000000272000 of #174 so I can only assume that none of the 21 loans currently showing availability are eligible or its bust! It is probably full but a few more loans going next week so probably be ok : Can you please explain what you mean by "probably full"?
If a new investor, such as ilmoro, comes along and wants to invest in the GBBA, and there are a number of GBBA-eligible loans with parts for sale, why wouldn't the GBBA buy a selection of those parts to put the new money to work? The investor has provided additional money for the GBBA to invest, and since the additional parts purchased should generate enough income to pay the investor and contribute to the PF, why should there be an investment delay?
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ben
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GBBA
May 8, 2016 21:36:12 GMT
Post by ben on May 8, 2016 21:36:12 GMT
I was under the impression that only a certain percentage was made avalaliable for the GBBA so that people could trade it on the manual account, so the GBBA got its perentage on day one then the account grows in size when new loans are released rather then it taking everything of the secondary market. As if it did that we would all buy manually and sell a few months later knowing the GBBA would be along shortly to hoover it all up
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bababill
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GBBA
May 9, 2016 0:00:13 GMT
Post by bababill on May 9, 2016 0:00:13 GMT
I also have been trying to purchase GBBA since May 1 and only a small amount has been bought. Not the end of the world/just a fact.
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jonah
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GBBA
May 9, 2016 5:09:58 GMT
Post by jonah on May 9, 2016 5:09:58 GMT
I was under the impression that only a certain percentage was made avalaliable for the GBBA so that people could trade it on the manual account, so the GBBA got its perentage on day one then the account grows in size when new loans are released rather then it taking everything of the secondary market. As if it did that we would all buy manually and sell a few months later knowing the GBBA would be along shortly to hoover it all up GBBA should be buying at draw down but also should be buying on the SM as I understand it. Suspect a prod may be needed as several accounts, including mine, seem to be paused. My last purchase was on the 3rd may from new loans going live.
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duck
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GBBA
May 9, 2016 5:55:22 GMT
Post by duck on May 9, 2016 5:55:22 GMT
I was under the impression that only a certain percentage was made avalaliable for the GBBA so that people could trade it on the manual account, so the GBBA got its perentage on day one then the account grows in size when new loans are released rather then it taking everything of the secondary market. As if it did that we would all buy manually and sell a few months later knowing the GBBA would be along shortly to hoover it all up Unless a % loan allocation is made to the GBBA on day 1 (drawdown) and as overall size of MILA increases/decreases the % is adjusted (which I don't believe is what happens) that would rule out these transactions Purchase loan part 15237194 (old id 15234061) for 0.0615811755380671203200000000000000000000 GBP - annualised rate 7.000, loan: xxxxxxxxx (162)
Purchase loan part 15236200 (old id 15185254) for 0.0000000000000000000199999999999999860000 GBP - annualised rate 7.000, loan: xxxxxxxx (227)made on 4th and 6th May with the loans drawn down on 11/05/2015 and 22/02/2016. So prior to the repayment of #190 my wife's account was buying as the many miniscule interest payments came in. My suspicion is that something is 'stuck' since both my MILA account have again made purchases whereas the GBBA account simply shows a single -1E-20 interest payment!
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duck
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GBBA
May 9, 2016 6:00:11 GMT
Post by duck on May 9, 2016 6:00:11 GMT
Just throwing the other change I noticed recently into the mix, I wonder if the change I noted in an earlier post ..... has anything to do with this?  ? |
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GBBA
May 9, 2016 6:10:49 GMT
duck likes this
Post by oldnick on May 9, 2016 6:10:49 GMT
My GBBA was happily buying loans into the evening of May 3rd, until it was fully invested. Just offered it a few quid to see if it's still hungry.
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dermot
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GBBA
May 9, 2016 11:28:33 GMT
Post by dermot on May 9, 2016 11:28:33 GMT
The diversification algorithm (presumably) sold off a couple of quid of one loan in my GBBA on the 6th of May, but I have an increasing amount (as interest/loans are repaid) sitting uninvested now.
Currently, I have over a hundred quid sitting in GBBA waiting to be invested (and 0-87p in Green!).
The last purchase was for 0.08p on the 4th May, so either it is 'full' or something has stuck. At least it still attracts 3.75% in QAA while waiting, which is one of the things about Assetz that I like.
I just pushed in a few quid to GBBA that had been returned in MLIA, maybe that will kickstart it - we shall see.
DD
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