|
|
Post by chrisuk on Sept 7, 2015 12:23:46 GMT
No, I didn't pre-fund this loan but I was still hoping for a sms in case I changed my mind when the loan went live. But I suppose they have to stop the website crashing somehow.
Chris
|
|
arbster
Member of DD Central
Posts: 810 
Likes: 426
|
Post by arbster on Sept 7, 2015 12:32:36 GMT
No, I didn't pre-fund this loan but I was still hoping for a sms in case I changed my mind when the loan went live. But I suppose they have to stop the website crashing somehow. Chris I guess their thinking is that there's no point telling you about a loan that is already filled. However, the volume of SM activity suggests you might be able to get a slice if you subsequently decided you wanted some.
|
|
|
|
Post by xyon100 on Sept 7, 2015 12:49:08 GMT
Well, I could not resist grabbing a little tiny bit. Just wanted to put a toe in the water.........
|
|
oldgrumpy
Member of DD Central
Posts: 5,087
Likes: 3,233
|
Post by oldgrumpy on Sept 7, 2015 12:55:59 GMT
Well, I could not resist grabbing a little tiny bit. Just wanted to put a toe in the water......... Eh? Wot? Has it flooded already?? 
|
|
Investboy
Member of DD Central
Trying to recover from P2P revolution
Posts: 564
Likes: 201
|
Post by Investboy on Sept 7, 2015 13:17:45 GMT
I've oversubscribed and just sold a portion of my prefunded amount. I hope SS will at the end reconcile correctly my available funds that I've transferred this morning, BACS deficit and subtract sold loan part. Because atm those numbers are all over the place.
|
|
|
|
Post by yorkshireman on Sept 7, 2015 14:55:02 GMT
So much for all the bullsh*t pontification about flooding.  |
|
alan
Posts: 55
Likes: 14
|
Post by alan on Sept 7, 2015 15:00:11 GMT
..it's a bit like NOT saving for a rainy day  |
|
johnfleet
Member of DD Central
Posts: 170
Likes: 85
|
Post by johnfleet on Sept 8, 2015 6:47:30 GMT
Only those who have invested in this loan have been sent notification. If you didn't receive and email and you have subscribed, please let us know directly and we will look into it for you. Nothing received in respect of this loan nor PBL55 both of which I now have chunks of! - I've emailed you directly as requested
|
|
|
|
Post by savingstream on Sept 8, 2015 8:04:59 GMT
I've oversubscribed and just sold a portion of my prefunded amount. I hope SS will at the end reconcile correctly my available funds that I've transferred this morning, BACS deficit and subtract sold loan part. Because atm those numbers are all over the place. Naughty Boy!
|
|
|
|
Post by supernumerary on Sept 8, 2015 8:12:13 GMT
As soon as your Available Funds balance is greater than your BACS deficit, you should see an option appear next to the BACS deficit figure to offset one against the other. STEVET, a BIG thank you for providing us all with that information. Well done for spotting it. Without you revealing what you had witnessed, I would not have known that this facility existed.
|
|
ramblin rose
Member of DD Central
“Some people grumble that roses have thorns; I am grateful that thorns have roses.” — Alphonse Karr
Posts: 1,370
Likes: 857
|
Post by ramblin rose on Sept 8, 2015 8:24:51 GMT
As soon as your Available Funds balance is greater than your BACS deficit, you should see an option appear next to the BACS deficit figure to offset one against the other. Just to be nit-picky - the option appears when the Available Funds balance is greater than or equal to the BACS deficit. (I'm loving it too )
|
|
sam i am
Member of DD Central
Posts: 697
Likes: 555
|
Post by sam i am on Sept 8, 2015 8:25:24 GMT
I've oversubscribed and just sold a portion of my prefunded amount. I hope SS will at the end reconcile correctly my available funds that I've transferred this morning, BACS deficit and subtract sold loan part. Because atm those numbers are all over the place. Naughty Boy! Unfortunately with the allocation method in its current form (percentage of pre-fund requested) SS are likely to see a lot of naughty boys (and girls) in future. The Hull land was not a particularly strong test for the pre-funding method because the total PF pot was so close to the loan amount. Things could pan out very differently with much larger or smaller loans where the 'guessing game' might be harder. One day a loan will come along where it is misjudged significantly by lenders and then we will have a true test of procedures. If a loan proves less popular than expected for whatever reason we may end up with huge amounts on the SM and many BACS deficits unpaid. What will SS do? Get tough with the naughty ones or simply shrug and take back the unpaid bits? One feature that would assist reconciliation of the type mentioned by Investboy is to allow partial offsetting of a BACS deficit with the amount of available funds (rather than the current method where only 100% offsetting is allowed). Then when a BACS payment is made at least it should match the deficit on the system. I'm by no means the first to suggest this but it seems such a useful change that it's worth repeating.
|
|
ramblin rose
Member of DD Central
“Some people grumble that roses have thorns; I am grateful that thorns have roses.” — Alphonse Karr
Posts: 1,370
Likes: 857
|
Post by ramblin rose on Sept 8, 2015 8:26:40 GMT
As soon as your Available Funds balance is greater than your BACS deficit, you should see an option appear next to the BACS deficit figure to offset one against the other. STEVET, a BIG thank you for providing us all with that information. Well done for spotting it. Without you revealing what you had witnessed, I would not have known that this facility existed. There's a thread all about it somewhere - not a particularly frequented thread it has to be said.
|
|
star dust
Member of DD Central
Posts: 2,998
Likes: 3,531
|
Post by star dust on Sept 8, 2015 8:27:39 GMT
As soon as your Available Funds balance is greater than your BACS deficit, you should see an option appear next to the BACS deficit figure to offset one against the other. STEVET, a BIG thank you for providing us all with that information. Well done for spotting it. Without you revealing what you had witnessed, I would not have known that this facility existed. There is a whole thread about it here . It's a very useful facility, as is the Forum, a mine of information! In edit: x posted with ramblin rose - thread link supplied!
|
|
alan
Posts: 55
Likes: 14
|
Post by alan on Sept 8, 2015 9:51:25 GMT
Think this is a great facility, I just wish they would call it something other than Deposit in the Transactions, such as Advance.
Its difficult to see when it reconciles with actual Deposit.
They could also show it as Advance and debit the amount but guess that might upset rest of system.
Thanks
Alan
|
|
