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Post by chris on Mar 21, 2016 15:10:29 GMT
QAA is currently down to about £8.05m when I thought it was up around £8.3m over the weekend (but I may be wrong). There are now 63 live loans with units available, including some loans I've never seen available since draw-down. This morning's marketing email promoting the QAA set me wondering whether some of the increased aftermarket availability is the QAA attempting to sell down its holdings, especially in some of the more recent launches where liquidity might previously have been expected to be high (seems to be more of #244 available every time I look). I've next to nothing on the QAA myself ATM, but I wonder if current conditions are putting any pressure on its liquidity. That said, average withdrawal time is still 0 seconds. chris , does the QAA always jump the selling queue over MLIA and GBBA holders, or is the selling algorithm just weighted in its favour? QAA gets absolute priority when buying or selling, with only loan units sold at discount getting higher priority. This isn't blended as with our other prioritisation (compulsory sale account gets a sale priority, GEIA gets a buying priority) so that things are just skewed in their favour, QAA takes 100% until its order is satisfied. QAA will be rebalancing and selling down all that time to diversify as much as possible, and in light of withdrawals will be trying to free up some cash to maintain balance. It's still on top of things though.
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Post by pepperpot on Mar 21, 2016 15:10:36 GMT
QAA is currently down to about £8.05m when I thought it was up around £8.3m over the weekend (but I may be wrong). There are now 63 live loans with units available, including some loans I've never seen available since draw-down. This morning's marketing email promoting the QAA set me wondering whether some of the increased aftermarket availability is the QAA attempting to sell down its holdings, especially in some of the more recent launches where liquidity might previously have been expected to be high (seems to be more of #244 available every time I look). I've next to nothing on the QAA myself ATM, but I wonder if current conditions are putting any pressure on its liquidity. That said, average withdrawal time is still 0 seconds. chris , does the QAA always jump the selling queue over MLIA and GBBA holders, or is the selling algorithm just weighted in its favour? Probably related to the increased availability on the sm currently across most loans i.e. the QAA might be overweight in some loans due to it's cash portion being reduced. Liquidity is starting to become stretched throughout P2P. mmm, an idea for another poll...! edit, crossed with chris. (not that I'm particularly crossed with him, per say, quite the opposite in fact) 
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bigfoot12
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Post by bigfoot12 on Mar 21, 2016 16:59:26 GMT
To me it seems more like it is returning to normal after a few months of imbalance - there had been too much money chasing too few loans.
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ilmoro
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Post by ilmoro on May 20, 2016 9:54:57 GMT
chris - there may be a simplified answer to this, but I have searched the forum and cannot find it. As QAA is set to capture all of my uninvested funds, can you please tell me why it isn't picking up the excess, albeit a nominal amount? The excess was somewhat more last night, but QAA still topped out at precisely £1.5k QAA has hit its cap (combined with 30DAA) and therefore funds have to queue to get in. Repayment of #165 put £3m back onto market. Click on 3 lines on QAA bar and you can show the Q to see where funds are in Q. Any funds being added to QAA or 30DAA directly will jump Q
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agent69
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Post by agent69 on May 20, 2016 10:36:41 GMT
chris - there may be a simplified answer to this, but I have searched the forum and cannot find it. As QAA is set to capture all of my uninvested funds, can you please tell me why it isn't picking up the excess, albeit a nominal amount? The excess was somewhat more last night, but QAA still topped out at precisely £1.5k QAA has hit its cap (combined with 30DAA) £20m the pair?
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bg
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Post by bg on May 20, 2016 10:48:26 GMT
QAA has hit its cap (combined with 30DAA) £20m the pair? Since when has the cap been brought back? I thought they stopped displaying the cap because there was so much capacity (and they would start displaying it again as the cap was approached).
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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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Post by ilmoro on May 20, 2016 11:17:50 GMT
Since when has the cap been brought back? I thought they stopped displaying the cap because there was so much capacity (and they would start displaying it again as the cap was approached). Possibly nobody put 2 & 2 together that £3m+ coming back would fill the headroom in the QAA instantly so that the cap needed to be shown again. Or perhpas the space to display the cap has been lost following the outside agency redesign and some fiddling needs to occur to get it back. That said one drawdown should clear the overhang, already halved over night.
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investibod
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Post by investibod on May 20, 2016 11:18:52 GMT
I have just checked and saw that I have money queued for sweeping into QAA. When I looked at the queue, I saw that it was a total of 17p, so I do not think I will worry too much about finding a better home for it just yet.
Edit: Although I do see that it claims the same 17p is also queuing to go into the 30DAA. So a bit of a bug there.
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bg
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Post by bg on May 20, 2016 11:23:25 GMT
Since when has the cap been brought back? I thought they stopped displaying the cap because there was so much capacity (and they would start displaying it again as the cap was approached). Possibly nobody put 2 & 2 together that £3m+ coming back would fill the headroom in the QAA instantly so that the cap needed to be shown again. Or perhpas the space to display the cap has been lost following the outside agency redesign and some fiddling needs to occur to get it back. That said one drawdown should clear the overhang, already halved over night. It still doesn't make sense. I have around £15k idle cash in my MLIA, but only £10,600 is swept into the QAA while only 86p queued.
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ilmoro
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Post by ilmoro on May 20, 2016 11:32:20 GMT
I have just checked and saw that I have money queued for sweeping into QAA. When I looked at the queue, I saw that it was a total of 17p, so I do not think I will worry too much about finding a better home for it just yet. Edit: Although I do see that it claims the same 17p is also queuing to go into the 30DAA. So a bit of a bug there. I think the two accounts are effectively one in the same which is why none of the descriptions seem to make sense. The 30DAA is just a pot within the direct invest QAA.
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dermot
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Post by dermot on May 20, 2016 13:26:10 GMT
chris - there may be a simplified answer to this, but I have searched the forum and cannot find it. As QAA is set to capture all of my uninvested funds, can you please tell me why it isn't picking up the excess, albeit a nominal amount? The excess was somewhat more last night, but QAA still topped out at precisely £1.5k QAA has hit its cap (combined with 30DAA) and therefore funds have to queue to get in. Repayment of #165 put £3m back onto market. Click on 3 lines on QAA bar and you can show the Q to see where funds are in Q. Any funds being added to QAA or 30DAA directly will jump Q I had #5,500 come back from 165 today and must have been lucky in that all but #32 of it has been hoovered up in the QAA and earning interest while waiting for reinvestment in GBBA. I see that my average interest has dropped as displayed on the dashboard, so presumably it includes GBBA and 30DAA in the averaging. For some reason (read it here?) I thought those two did not contribute to that figure. I was going to pull a couple of K out and park it in 30DAA until summer holiday time, but assume if I do so, will it go in immediately rather than sit in a queue, as it would go via my cash account and look like 'new' money?. I'd not spotted that the cap was shared between QAA and 30DAA. I'd noticed that GBBA had purchased quite a few hundred quid of 165 over the last two days, presumably MLIA selling out early? Last I looked, my GBBA was still quite heavily biased towards 227, however. Dermot
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ilmoro
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Post by ilmoro on May 20, 2016 14:09:06 GMT
QAA has hit its cap (combined with 30DAA) and therefore funds have to queue to get in. Repayment of #165 put £3m back onto market. Click on 3 lines on QAA bar and you can show the Q to see where funds are in Q. Any funds being added to QAA or 30DAA directly will jump Q I had #5,500 come back from 165 today and must have been lucky in that all but #32 of it has been hoovered up in the QAA and earning interest while waiting for reinvestment in GBBA. I see that my average interest has dropped as displayed on the dashboard, so presumably it includes GBBA and 30DAA in the averaging. For some reason (read it here?) I thought those two did not contribute to that figure. I was going to pull a couple of K out and park it in 30DAA until summer holiday time, but assume if I do so, will it go in immediately rather than sit in a queue, as it would go via my cash account and look like 'new' money?. I'd not spotted that the cap was shared between QAA and 30DAA. I'd noticed that GBBA had purchased quite a few hundred quid of 165 over the last two days, presumably MLIA selling out early? Last I looked, my GBBA was still quite heavily biased towards 227, however. Dermot I think most of the repaid #165 money went into the QAA, its only where people have inadvertly redirected to another account where it has then had to Q, certainly all mine did and it was only when I shifted some to the GBBA that I noticed it hadnt been swept in. Think there was a fix today so average interest includes all cash on platform wherever it is. Funds added to 30DAA go into the Q but then jump to the front ahead of any swept funds when there's headroom created in QAA/30DAA, thats what happened to mine anyway. Yeah, over £1m #165 avaliable on MLIA yesterday as people tried to redeploy ahead of the rush.
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Post by brianac on May 20, 2016 17:13:03 GMT
. Think there was a fix today so average interest includes all cash on platform wherever it is. From info widget on avg interest line "Your average interest is calculated live, based upon the rates your active investments are earning, shown as an annualised figure. Amounts still awaiting investment, or in your cash account are excluded from this calculation" HTH Brian
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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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Post by ilmoro on May 20, 2016 17:25:41 GMT
. Think there was a fix today so average interest includes all cash on platform wherever it is. From info widget on avg interest line "Your average interest is calculated live, based upon the rates your active investments are earning, shown as an annualised figure. Amounts still awaiting investment, or in your cash account are excluded from this calculation" HTH Brian Sorry, should have said all cash assuming its swept, wherever it is. p2pindependentforum.com/post/115295
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Post by brianac on May 21, 2016 15:27:13 GMT
N.P. just thought I'd quote "from the horses mouth" Brian
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