Wording change in the Statement

longjohn

Posts: 366

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Wording change in the Statement Aug 15, 2015 11:46:02 GMT mikeb likes this

Quote

Post by longjohn on Aug 15, 2015 11:46:02 GMT

For those who download and import their statements into their own accounting system note that the wording of recovery payments has changed.

What used to be - "Recovery payment for loan part xxxxxx"

is now - "Principal recovery repayment for loan part xxxxxx"

I was missing 50p this week until I spotted this and amended my import code.

John

Last Edit: Aug 15, 2015 11:53:22 GMT by longjohn

mikeb

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Likes: 472

Wording change in the Statement Aug 15, 2015 14:08:11 GMT

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Post by mikeb on Aug 15, 2015 14:08:11 GMT

And for a while it said "Principal repayment" -- which threw me off, when looking for the latest reason for recovered totals going up a few pence.

I contacted FC, who added a thing on the "Help" notices ...

Please note that due to a temporary issue, investors who have received a recovery payment from 4th of August onwards will notice that the entry on the transaction statement marks that the recovery payment is a 'Principal repayment'.

This will still display on your account as a recovery payment and is due to some changes we have made to the transaction statements.

A fix for the issue is currently being tested and will be deployed by Monday 10/08; following this the recovery payments for these dates will return to normal.

My bold. That will be the new normal then ...

The accidental "Principal repayments" have been rebranded "Principal recovery payments", so if you downloaded and processed statements, between 4th August and nowish, you might want to re-fetch them, as they went back and corrected the errors.

longjohn Posts: 366 Likes: 123	Wording change in the Statement Aug 15, 2015 15:05:28 GMT via mobile Quote Select Post Deselect Post Link to Post Back to Top Post by longjohn on Aug 15, 2015 15:05:28 GMT I missed the earlier change then. I get too few recovery payments to have noticed. John

Post by longjohn on Aug 15, 2015 11:46:02 GMT

Post by mikeb on Aug 15, 2015 14:08:11 GMT

Post by longjohn on Aug 15, 2015 15:05:28 GMT