jonah
Member of DD Central
Posts: 2,031
Likes: 1,113
|
Post by jonah on Sept 9, 2015 19:30:27 GMT
Okay aftermarket is enabled and chugging through each loan. For now I've disabled it for anything with a monitoring event or credit event just until I can carry out some more testing tomorrow without time pressure to make sure the instructions are all working as expected. Accrued interest will update as it goes through each loan as well. Had a buy order processed... A LOT of zeros in that part, but the cash came out of QAA as I expected. Interest accrued also ticking up nicely.
|
|
|
|
Post by chris on Sept 9, 2015 19:31:10 GMT
I sent a grand directly into QAA a while ago by faster payment. Is this an automatic system, or manual and therefore getting overlooked in all the excitement? Automatic, as long as you typed the reference accurately. Normally gets processed between the hour and five past, so next run will be between 21:00 and 21:05.
|
|
|
|
Post by chris on Sept 9, 2015 19:32:04 GMT
No they're not enabled. If there isn't anything listed then the system will do nothing. There's no longer any "hold current investment level" function. You either have buy instructions or sell instructions nothing else. When importing the instructions over from the old target system it will have paused any instructions that arose from your target being set differently to your holdings. Mine seems to be correct. A loan I had disabled is showing a paused order. Do I assume that from now on amortising loans will amortise and no orders will be generated to bring the holding up to the original size? Yes that is correct
|
|
webwiz
Posts: 1,133
Likes: 210
|
Post by webwiz on Sept 9, 2015 19:32:14 GMT
Where does interest earnt with cash in QAA from one of the other accounts go? Back into GBBA or wherever the money was held in or into QAA itself? Back to the other account. The sweep function is segregated from the direct QAA investments, so all transactions all interest etc. will appear on each account's statement. What about cash sent straight into the QAA from elsewhere?
|
|
|
|
Post by chris on Sept 9, 2015 19:33:41 GMT
Back to the other account. The sweep function is segregated from the direct QAA investments, so all transactions all interest etc. will appear on each account's statement. What about cash sent straight into the QAA from elsewhere? If you send money from the cash account into the QAA then everything happens in the QAA statement. Otherwise it happens on the statement where the cash is swept from as if the QAA didn't exist.
|
|
webwiz
Posts: 1,133
Likes: 210
|
Post by webwiz on Sept 9, 2015 19:35:24 GMT
I sent a grand directly into QAA a while ago by faster payment. Is this an automatic system, or manual and therefore getting overlooked in all the excitement? Automatic, as long as you typed the reference accurately. Normally gets processed between the hour and five past, so next run will be between 21:00 and 21:05. I suspect it hit your system whilst it was down. I will see what happens at 9.00pm
|
|
jonah
Member of DD Central
Posts: 2,031
Likes: 1,113
|
Post by jonah on Sept 9, 2015 19:35:16 GMT
Almost a quarter million the new account now. Not quite moving cash at the speed SS was until recently, but pretty quick and growing!
|
|
|
|
Post by chris on Sept 9, 2015 19:36:11 GMT
The other thing to note that may confuse is that the buy and sell instructions specify amounts as if the discount wasn't applied. Ie. if you have a buy instruction for £1,000 for par value or better and you happen to have some loan units available at a 10% discount then you will spend £1,000 to buy £1,111.11 of loan units. Likewise if you sell £1,000 loan units at 10% discount it will actually sell £1,111.11 of loan units to raise £1,000 of cash for you.
|
|
jonah
Member of DD Central
Posts: 2,031
Likes: 1,113
|
Post by jonah on Sept 9, 2015 19:36:42 GMT
What about cash sent straight into the QAA from elsewhere? If you send money from the cash account into the QAA then everything happens in the QAA statement. Otherwise it happens on the statement where the cash is swept from as if the QAA didn't exist. I figured this out from reading other statements. Might be good to put a one liner at the top of this page to the effect of pointing people at the other accounts statements though, just in case.
|
|
|
|
Post by chris on Sept 9, 2015 19:37:13 GMT
Automatic, as long as you typed the reference accurately. Normally gets processed between the hour and five past, so next run will be between 21:00 and 21:05. I suspect it hit your system whilst it was down. I will see what happens at 9.00pm It should catch up automatically as long as the bank hasn't done something silly. I've asked the admin team to reconcile first thing tomorrow to try and make sure nothing was lost in the down time.
|
|
jonah
Member of DD Central
Posts: 2,031
Likes: 1,113
|
Post by jonah on Sept 9, 2015 19:39:30 GMT
The other thing to note that may confuse is that the buy and sell instructions specify amounts as if the discount wasn't applied. Ie. if you have a buy instruction for £1,000 for par value or better and you happen to have some loan units available at a 10% discount then you will spend £1,000 to buy £1,111.11 of loan units. Likewise if you sell £1,000 loan units at 10% discount it will actually sell £1,111.11 of loan units to raise £1,000 of cash for you. The wording on the invest box could be tightened up to reflect this. Whilst not explicitly stating it now, it is implied, but another half sentence about this could help people not reading this forum.
|
|
|
|
Post by chris on Sept 9, 2015 19:40:21 GMT
The other thing to note that may confuse is that the buy and sell instructions specify amounts as if the discount wasn't applied. Ie. if you have a buy instruction for £1,000 for par value or better and you happen to have some loan units available at a 10% discount then you will spend £1,000 to buy £1,111.11 of loan units. Likewise if you sell £1,000 loan units at 10% discount it will actually sell £1,111.11 of loan units to raise £1,000 of cash for you. The wording on the invest box could be tightened up to reflect this. Whilst not explicitly stating it now, it is implied, but another half sentence about this could help people not reading this forum. There's a tutorial video being produced, I'll make sure it's in there and will suggest the text change.
|
|
webwiz
Posts: 1,133
Likes: 210
|
Post by webwiz on Sept 9, 2015 19:41:35 GMT
What happens to transfers specifying the QAA if that has reached it's max? (This might just be my modest bit, the way it is going)
|
|
|
|
Post by chris on Sept 9, 2015 19:43:03 GMT
I suspect it hit your system whilst it was down. I will see what happens at 9.00pm It should catch up automatically as long as the bank hasn't done something silly. I've asked the admin team to reconcile first thing tomorrow to try and make sure nothing was lost in the down time. Ah, I think I know what's happened. When we rolled back the database it would have reset the reference you were given for the QAA direct investment. I'll advise the admin team but unfortunately can't correct that myself. Will make sure they address it first thing tomorrow morning.
|
|
|
|
Post by chris on Sept 9, 2015 19:43:17 GMT
What happens to transfers specifying the QAA if that has reached it's max? (This might just be my modest bit, the way it is going) They sit in a queue awaiting deployment as others withdraw or use funds.
|
|
