am
Posts: 1,495 
Likes: 601
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Post by am on Sept 15, 2015 9:58:15 GMT
£1,021,075.95
How did the cap get broken?
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webwiz
Posts: 1,133
Likes: 210
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Post by webwiz on Sept 15, 2015 10:25:46 GMT
See latest changelog. It was a bug and they will let it run down to £1m naturally. That has convinced me that my money waiting is not going to get into the QAA anytime soon and I have withdrawn most of it.
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bigfoot12
Member of DD Central
Posts: 1,817
Likes: 816
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Post by bigfoot12 on Sept 15, 2015 10:38:19 GMT
See latest changelog. It was a bug and they will let it run down to £1m naturally. That has convinced me that my money waiting is not going to get into the QAA anytime soon and I have withdrawn most of it. There is a loan due to draw today, if it does I would image there might be some churn. (Of course waiting for AC loans to draw is a bit like a play by Samuel Beckett.)
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mikes1531
Member of DD Central
Posts: 6,453
Likes: 2,320
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Post by mikes1531 on Sept 15, 2015 13:28:09 GMT
See latest changelog. It was a bug and they will let it run down to £1m naturally. That has convinced me that my money waiting is not going to get into the QAA anytime soon and I have withdrawn most of it. There is a loan due to draw today, if it does I would image there might be some churn. (Of course waiting for AC loans to draw is a bit like a play by Samuel Beckett.) This incident has provided some interesting insight. The QAA was reported to be £24k over its limit nearly 24 hours ago. It's being allowed to reduce naturally, and nearly a day later it's down just £6k, to £18k over the limit. This day might not be typical, but it suggests that 'natural' turnover in the QAA at the moment is pretty minimal. So if you have money queued to get into the QAA, it looks like it will take an event like a drawdown to generate any significant turnover. When AC finally re-enable trading on 'monitoring event' loans, that should generate a flurry of activity -- though last week chris suggested it would happen yesterday and it hasn't yet so it's unclear what is happening on that front. Even after the flurry passes, having those loans tradeable should increase overall Aftermarket activity, and therefore QAA activity. Unless, of course, the QAA is now full of 'parked' money.
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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
Posts: 11,330
Likes: 11,549
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Post by ilmoro on Sept 15, 2015 13:48:43 GMT
There is a loan due to draw today, if it does I would image there might be some churn. (Of course waiting for AC loans to draw is a bit like a play by Samuel Beckett.) This incident has provided some interesting insight. The QAA was reported to be £24k over its limit nearly 24 hours ago. It's being allowed to reduce naturally, and nearly a day later it's down just £6k, to £18k over the limit. This day might not be typical, but it suggests that 'natural' turnover in the QAA at the moment is pretty minimal. So if you have money queued to get into the QAA, it looks like it will take an event like a drawdown to generate any significant turnover. When AC finally re-enable trading on 'monitoring event' loans, that should generate a flurry of activity -- though last week chris suggested it would happen yesterday and it hasn't yet so it's unclear what is happening on that front. Even after the flurry passes, having those loans tradeable should increase overall Aftermarket activity, and therefore QAA activity. Unless, of course, the QAA is now full of 'parked' money. I suspect IT might be busy fixing the issue that seems to have affected selected repayments today plus of course the glitches they sorted this morning with QAA etc. Think Chris forgot to pack one of his spanners  Edit: New loan still on course to draw today so that will create 300k plus of demand, how much of that will come from QAA is unclear as if, like me, everybodys ready funds are stuck outside it, it will have no impact at all
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mikes1531
Member of DD Central
Posts: 6,453
Likes: 2,320
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Post by mikes1531 on Sept 15, 2015 14:02:54 GMT
Think Chris forgot to pack one of his spanners Maybe the problem is that chris did pack his spanners -- and that while he's on holiday his minions don't have the necessary tools! 
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Post by oldnick on Sept 15, 2015 14:48:28 GMT
Think Chris forgot to pack one of his spanners Maybe the problem is that chris did pack his spanners -- and that while he's on holiday his minions don't have the necessary tools! Minions have boundless resourcefulness and would never be thwarted by a lack of mere spanners. No, this is much more serious - I suspect one or more of them are jammed in the inner workings...
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