agent69
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Post by agent69 on May 26, 2016 17:48:10 GMT
has anyone figured out yet why 4.25% with 30 days notice is better than 7% with no notice? Well, hitherto, I found it much easier to get into the 30DAA than either of the 7 per cent-ers. I'm hoping skeptical me is wrong and that we see some movement on the drawdown front by month end. I do however wonder if a new investor put money into the GBBA, would it get fully invested before they became disillusioned and withdrew it?
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Post by chris on May 26, 2016 18:29:52 GMT
Well, hitherto, I found it much easier to get into the 30DAA than either of the 7 per cent-ers. I'm hoping skeptical me is wrong and that we see some movement on the drawdown front by month end. I do however wonder if a new investor put money into the GBBA, would it get fully invested before they became disillusioned and withdrew it? That does appear to be the question we're currently testing. There is a huge amount in the pipeline building up, with this month being a record breaking month for origination into the front of the funnel. But that takes a couple of months to flow through to drawdown. There's plenty in the drawdown pipeline too, with about £11m scheduled to draw between now and the end of June. Likely some of that will slip but other loans can come in or move up in the schedule.
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Post by GSV3MIaC on May 26, 2016 20:20:53 GMT
Even without the IFISA, it does appear there is too much lender money chasing too few interesting opportunities in all the places I regularly look (SS, AC, RS, and I'd even consider adding FC to the list). If the ISA pipeline unbungs, it could be really really miserable (given the huge sums on the cash/S&S side of ISAs, some small %age of which may will try to migrate).
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jjc
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Post by jjc on May 27, 2016 17:24:24 GMT
A possibly daft question on QAA. I had £215 in the queue (& a few k swept in already from MLIA/GBBA/GEIA earning interest). I withdrew £100 but after that still have £215 waiting in QAA's queue. Shouldn't the £100 have been taken out of my £216 queued? If not is there any way a lender can withdraw funds from the queue, without touching what's already invested?
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SteveT
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Post by SteveT on May 27, 2016 17:33:47 GMT
Which account did you withdraw the £100 from, and which account(s) is the queued QAA money from? You can hover over the total to see.
(Only direct QAA investments are fully "in" the QAA. Swept funds remain part of the account they are swept from. So if you withdrew money from the QAA itself, the money can only come from direct-invested funds)
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Post by pepperpot on Jun 3, 2016 16:33:30 GMT
Cap has just been lifted. I'm in!
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jjc
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Post by jjc on Jun 3, 2016 17:01:06 GMT
Yes, me too just noticed. Just short of 22m in QAA/30D so prob 3m free.
Cap raise most likely timed for the drawdowns about to happen. Anyone spot what the queue was before the cap was raised (or last few days)?
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Post by chris on Jun 3, 2016 17:07:53 GMT
Yes, me too just noticed. Just short of 22m in QAA/30D so prob 3m free. Cap raise most likely timed for the drawdowns about to happen. Anyone spot what the queue was before the cap was raised (or last few days)? Stuck at £23m until drawdowns occur, but management team are on the case on that front.
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oldgrumpy
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Post by oldgrumpy on Jun 3, 2016 19:55:18 GMT
You mean the rest of those £3M of drawdowns that they assured would happen in the week up to 31 May?  |
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bg
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Post by bg on Jun 3, 2016 21:46:16 GMT
The QAA has stopped working for me. Idle funds from my cash account sweep (well most of it does) in but not from my MLIA. I don't know if there has been a recent rule change I have missed but this has been the case for 2-3 weeks now. chris is this a bug? |
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warn
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Post by warn on Jun 3, 2016 23:11:56 GMT
Stuck at £23m until drawdowns occur, but management team are on the case on that front. Chris, could you (or anyone) point me to where on the site the current limit is specified? Ta.
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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 Jun 3, 2016 23:54:57 GMT
Stuck at £23m until drawdowns occur, but management team are on the case on that front. Chris, could you (or anyone) point me to where on the site the current limit is specified? Ta. It isnt. They stopped displaying it when it became large enough for it not to be relevant as there was sufficient headroom. Then a £3m loan got repaid....
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mikes1531
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Post by mikes1531 on Jun 4, 2016 2:37:06 GMT
Chris, could you (or anyone) point me to where on the site the current limit is specified? Ta. It isnt. They stopped displaying it when it became large enough for it not to be relevant as there was sufficient headroom. Then a £3m loan got repaid.... : As a result, you can only see the cap when there's a queue to get in. In that circumstance, add the total in the QAA to the total in the 30DAA. It was running at 19,999,999 for the last week or so. The total comes to £21,932,422 right now, so there's about £1M of available capacity within the £23M limit Chris mentioned.
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mikes1531
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Post by mikes1531 on Jun 4, 2016 2:39:29 GMT
Anyone spot what the queue was before the cap was raised (or last few days)? I had some money at £1.9M in the queue shortly before the cap was lifted. And that's consistent with the current QAA/30DAA total of £21.9M at the moment.
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Post by ogwellian on Jun 4, 2016 17:41:32 GMT
I've had over a grand 'invested' in the QAA for much of May (queued money for GBBA) but my interest payment on June 1 was zero.
I assumed I'd be getting 3.75%.
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