Investor
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Post by Investor on Sept 12, 2015 12:03:55 GMT
Thanks Jonah, useful information but does it take extensions into account?
Crossed with ilmoro so ignore this
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jonah
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Post by jonah on Sept 12, 2015 12:26:26 GMT
In fact, before you sign on, SS's site suggests that loans typically have a 7 month term. Taking the ones repaid to date give you the following first graph attached. The second one is just PBLs as that seems to be the direction of travel for this platform. As you cab see, the number 'going to term' isn't huge. I expect that the numbers of tilted due to different term lengths on historical loans. As I am not 100% sure on the rules for this sort of data (although it doesn't reference any borrowers... it is using data?) I've flagged this for moderation. Also savingstream tag for their visibility. 7 months was the boat term. Are you counting boat loans with the same name as one term? Boat loans that needed extensions were relaunched as new loans so the figures need to be added together in these instances. Also there are a few PBLs that were pulled so would need to be excluded to prevent distortion, also how do you treat delayed drawdowns (eg 11-12) Very few boat loans AFAIK repaid early and most PBLS have gone to term. Full 12 month terms is a relatively new phenomena, anything from 3-12 months before. I based this 100% on the 'complete loans' details. So a rollover might generate an extension or a new loan or whatever but once it was a completed loan it would be counted. Each loan counted as one. So if there are 2 loans which appear to be the same but SS count them as two loans, so do those graphs.
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Post by uncletone on Sept 12, 2015 20:04:18 GMT
As I am not 100% sure on the rules for this sort of data (although it doesn't reference any borrowers... it is using data?) I've flagged this for moderation. Also savingstream tag for their visibility. I think you are on safe ground. 
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ilmoro
Member of DD Central
'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 Sept 14, 2015 13:58:40 GMT
 This shows the variance of actual term to original proposed term for repaid loans & extended live loans. (First chart is days, second %) Just Pebbles no boats. Doesnt include loans that were pulled before drawdown but does show loans from when launched even if extended drawdown ie 11/12/13. In most case, loans have gone well beyond original (usually 6 month) termNB 4a originally started as 4 and was extended as 4a to distinguish it from 4b, another tranche on same asset. 2, 2a & 14 were various continuations of the same loan but treated as different.
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webwiz
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Post by webwiz on Sept 14, 2015 14:02:35 GMT
Very interesting. Is the y axis number of days or a percentage?
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ilmoro
Member of DD Central
'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 Sept 14, 2015 14:12:41 GMT
Very interesting. Is the y axis number of days or a percentage? Days, but added percentage version
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niceguy37
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Post by niceguy37 on Sept 22, 2015 10:01:21 GMT
My strategy, with the help of a bloody complex spreadsheet, in order of importance. 1. A heavy bias to the smaller loans which are entirely covered by the Provision Fund. ... Is there a Provision Fund on SS?
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Post by solicitorious on Sept 22, 2015 10:12:26 GMT
My strategy, with the help of a bloody complex spreadsheet, in order of importance. 1. A heavy bias to the smaller loans which are entirely covered by the Provision Fund. ... Is there a Provision Fund on SS? Btw, can savingstream confirm that the trust structure does not change the scope of the Provision Fund? In other words, in principle, it will be applied both to trust loans and Lendy Ltd loans, if necessary, to mitigate losses?
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Post by savingstream on Sept 22, 2015 10:37:42 GMT
www.savingstream.co.uk/provision-fundBtw, can savingstream confirm that the trust structure does not change the scope of the Provision Fund? In other words, in principle, it will be applied both to trust loans and Lendy Ltd loans, if necessary, to mitigate losses? Confirmed.
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Post by supernumerary on Sept 22, 2015 12:01:45 GMT
My strategy, with the help of a bloody complex spreadsheet, in order of importance. 1. A heavy bias to the smaller loans which are entirely covered by the Provision Fund. Approx 75% of my funds are in such loans. 2. No more than 5% of my funds in any one loan in any event, with lesser %s in the riskier loans (although no loan from SS looks remotely risky at the moment, to be fair) 3. A gradual shifting from the oldest loans to newer ones, only bothering really with those which have overrun or have just days to run. 4. Trying to equalize, as far as possible, across loans in each category. I am much more focused on 3, "A gradual shifting from the oldest loans to newer ones...", but it is interesting how you manage your portfolio.
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