|
|
Post by bracknellboy on Sept 7, 2015 19:12:00 GMT
The linkage is at a very low level and operates on a per investment account basis. So if you invest in the QAA from idle funds in both the MLIA and the GEIA then the funds remain segregated. apologies: I was working mostly from the email and had completely missed the second - your first - post on this thread that pointed out that something was missing from the email.
|
|
jonah
Member of DD Central
Posts: 2,031
Likes: 1,113
|
Post by jonah on Sept 7, 2015 19:30:09 GMT
So if you have say 1k in GBBA which 80% is invested and the last 200 is 'waiting' and is swept into QAA will it automatically come back into GBBA once that account 'finds' something to buy?
for the manual account this reads very well... My current holding account (with Fscs protection) gives 3% so this looks positive in a number of ways. Add in a 'yes' to the above and it sounds outstanding.
i echo the concerns about being stuck with loans. those stats will bear watching.
|
|
|
|
Post by chris on Sept 7, 2015 19:38:15 GMT
So if you have say 1k in GBBA which 80% is invested and the last 200 is 'waiting' and is swept into QAA will it automatically come back into GBBA once that account 'finds' something to buy? for the manual account this reads very well... My current holding account (with Fscs protection) gives 3% so this looks positive in a number of ways. Add in a 'yes' to the above and it sounds outstanding. i echo the concerns about being stuck with loans. those stats will bear watching. Yes, that is how it will work.
|
|
|
|
Post by stuartassetzcapital on Sept 7, 2015 19:38:42 GMT
Yes that's the design and aim.
|
|
jonah
Member of DD Central
Posts: 2,031
Likes: 1,113
|
Post by jonah on Sept 7, 2015 19:44:13 GMT
I read that QAA holds parts of loans... If someone tries to buy part of that loan manually, does QAA defer and sell it out to them?
|
|
|
|
Post by chris on Sept 7, 2015 19:53:11 GMT
I read that QAA holds parts of loans... If someone tries to buy part of that loan manually, does QAA defer and sell it out to them? In general yes.
|
|
jonah
Member of DD Central
Posts: 2,031
Likes: 1,113
|
Post by jonah on Sept 7, 2015 19:56:33 GMT
Can I assume that QAA will show the breakdown of the sources of its cash, eg 100 from Geia and 200 from GBBA as appropriate?
if you transfer money from GBBA I assume that would effectively take it from QAA?
I see mention of a PF. Is that a similar up to 5% but still ring fenced separately from GBBA / Geia?
|
|
|
|
Post by chris on Sept 7, 2015 20:00:07 GMT
Can I assume that QAA will show the breakdown of the sources of its cash, eg 100 from Geia and 200 from GBBA as appropriate? if you transfer money from GBBA I assume that would effectively take it from QAA? I see mention of a PF. Is that a similar up to 5% but still ring fenced separately from GBBA / Geia? I expect we're going to need to refine some of the stats and displays but yes that kind of information will be available.
|
|
jonah
Member of DD Central
Posts: 2,031
Likes: 1,113
|
Post by jonah on Sept 7, 2015 20:07:46 GMT
Whilst i am a fan of KISS... Getting interest on money whilst it waits to find a home... And it automatically wandering to that home when available sounds almost too good to be true.
|
|
|
|
Post by stuartassetzcapital on Sept 7, 2015 20:18:56 GMT
Hi
It took some work to do but we heard our lenders wanted it so we executed the plan. Talking of too good to be true, is that the right question or is the right question why banks charge typically 5-10% on loans with an almost zero cost of their funds and only pay 0-1.5% typically on deposits. We operate on different models and cost base so perhaps a different outcome might be possible. That is our aim as well as every stakeholder getting a Fairer, Growth, Together outcome. We must all benefit from any business policy we introduce, that's our ethos.
|
|
|
|
Post by chris on Sept 7, 2015 20:23:55 GMT
Whilst i am a fan of KISS... Getting interest on money whilst it waits to find a home... And it automatically wandering to that home when available sounds almost too good to be true. Coding it almost broke me, the last few weeks have been exhausting and I can't wait to go on holiday next week! I'm sure there'll be refinements as we collect real world data and gather suggestions from our users but that core, the flow of funds too and from the account, should really be quite revolutionary especially with the bigger picture we have planned.
|
|
|
|
Post by pepperpot on Sept 7, 2015 20:40:11 GMT
Whilst i am a fan of KISS... Getting interest on money whilst it waits to find a home... And it automatically wandering to that home when available sounds almost too good to be true. Coding it almost broke me, the last few weeks have been exhausting and I can't wait to go on holiday next week! I'm sure there'll be refinements as we collect real world data and gather suggestions from our users but that core, the flow of funds too and from the account, should really be quite revolutionary especially with the bigger picture we have planned. And your still being worked off your feet at nearly 10pm, that holiday is gonna feel sooo good. Before you disappear though is there a block on trades ahead of tomorrows change, I've had targets above holdings on 165 and 180 for half an hour now, doesn't seem to be biting.
|
|
|
|
Post by chris on Sept 7, 2015 20:55:16 GMT
Coding it almost broke me, the last few weeks have been exhausting and I can't wait to go on holiday next week! I'm sure there'll be refinements as we collect real world data and gather suggestions from our users but that core, the flow of funds too and from the account, should really be quite revolutionary especially with the bigger picture we have planned. And your still being worked off your feet at nearly 10pm, that holiday is gonna feel sooo good. Before you disappear though is there a block on trades ahead of tomorrows change, I've had targets above holdings on 165 and 180 for half an hour now, doesn't seem to be biting. Another lender was reporting some strange activity with the GBBA again oscillating through buying and selling the same loan. I've been letting it cool off for a bit. Have just given it a brief run and will do so again tomorrow morning before it's switched off ready for the upgrade. Tomorrow's upgrade will take quite some time so the site will be down for an extended period, in the 1 - 2 hour region. There's a very big install followed by having a LOT of systems to check.
|
|
jonah
Member of DD Central
Posts: 2,031
Likes: 1,113
|
Post by jonah on Sept 7, 2015 21:02:59 GMT
Change control, pre testing, implementation plan, back out plan, end user comms plan, post testing, user acceptance testing, NFT... Hopefully all systems go!
|
|
tonyr
Member of DD Central
Posts: 477 
Likes: 258
|
Post by tonyr on Sept 8, 2015 4:39:57 GMT
There's no such thing as a free lunch. If the QAA gobbles up all the liquidity there where does that leave most MLIA users? Wil we stuck with loads of loans that we can't access to pay the rent or other day to day tasks? All my money is in AC - if I need any I've always been able to get what I need in a day or so. I don't like the idea of being forced out of the MLIA into the QAA just so that I know I can get hold of my own money.
|
|
