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 Oct 1, 2015 13:07:47 GMT
Trading to resume in 7 affected loans 10am Mon 5th Oct.
As before all settings disabled until lenders accept current loan position to resume trading
Ironically they now have the trading suspended message on the loans list
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Post by chris on Oct 1, 2015 16:04:01 GMT
Trading to resume in 7 affected loans 10am Mon 5th Oct. As before all settings disabled until lenders accept current loan position to resume trading Ironically they now have the trading suspended message on the loans list The system has imported across the settings from the previous MLIA so if you had ticked that box acknowledging the credit event and saying that you wanted your instruction to be activated then it will be remembered as activated now.
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j
Member of DD Central
Penguins are very misunderstood!
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Post by j on Oct 1, 2015 16:27:59 GMT
Trading to resume in 7 affected loans 10am Mon 5th Oct. As before all settings disabled until lenders accept current loan position to resume trading Ironically they now have the trading suspended message on the loans list , can you be kind enough to supply the loan numbers if at hand? Many thanks
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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 Oct 1, 2015 16:30:19 GMT
Trading to resume in 7 affected loans 10am Mon 5th Oct. As before all settings disabled until lenders accept current loan position to resume trading Ironically they now have the trading suspended message on the loans list , can you be kind enough to supply the loan numbers if at hand? Many thanks No probs #41, 45, 68, 79, 123, 136, 143. For reference theyre purple in the distressed list
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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 Oct 1, 2015 16:41:58 GMT
I see I have a little orange clock symbol on the loan I had an active instruction on prior to QAA launch which disappears when I click play, no need to accept anything as Chris says
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Post by chris on Oct 1, 2015 16:45:24 GMT
I see I have a little orange clock symbol on the loan I had an active instruction on prior to QAA launch which disappears when I click play, no need to accept anything as Chris says The orange clock denotes an automatically paused instruction that will resume trading with the conditions allow. What conditions those are depends on the settings of that instruction.
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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 Oct 1, 2015 16:59:12 GMT
I see I have a little orange clock symbol on the loan I had an active instruction on prior to QAA launch which disappears when I click play, no need to accept anything as Chris says The orange clock denotes an automatically paused instruction that will resume trading with the conditions allow. What conditions those are depends on the settings of that instruction. Chris - how do you see what conditions you have set on your instruction? I cant see anyway to bring the instruction back up. I can see quite a few people re-enabling an instruction & not realising that nothing will happen because they have told it pause if there is monitoring event. Similarly if its set to delete wont it just delete the instruction once trading is re-enabled? (Ive fiddled around with non-suspended loans in case but none the wiser as to how you see your settings)
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Post by chris on Oct 1, 2015 17:08:52 GMT
The orange clock denotes an automatically paused instruction that will resume trading with the conditions allow. What conditions those are depends on the settings of that instruction. Chris - how do you see what conditions you have set on your instruction? I cant see anyway to bring the instruction back up. I can see quite a few people re-enabling an instruction & not realising that nothing will happen because they have told it pause if there is monitoring event. Similarly if its set to delete wont it just delete the instruction once trading is re-enabled? (Ive fiddled around with non-suspended loans in case but none the wiser as to how you see your settings) Automatic changes happen at the point of suspension, so if it's set to delete then it will be deleted at that point. If it's set to pause indefinitely it'll return to the paused button being lit. If it's temporarily paused but will resume trading even with the credit / monitoring event in place then it will switch to the orange clock whilst the loan is suspended but then back to the green play button once trading starts again. If it is set to pause whilst the credit / monitoring event is in place then it will switch to the orange clock and remain there until (if) the loan goes back to not having a credit / monitoring event against it. At any time you can click on the play or pause button and it will override the orange clock. So you can set it to pause until the credit event is completely removed but then decide that you want to continue trading anyway and press the play button. When the loan is open for trading again (but still with the credit event recorded against it) the system remembers the overridden state. If you have an instruction set to start when a credit event or monitoring event occurs then those are triggered when the market is suspended and will have a play button against them. They'll start trading once the market opens again, and you can again override them if you wish. In practice that's a lot easier than writing it out and makes a lot more sense when we enable you having multiple instructions per loan. Then you could set up an instruction that is triggered upon a monitoring event that will buy anything with a 5% or better discount, and create a sale instruction when a credit event occurs that sells your holding at a 1% discount. You could then have your usual buy / sell instructions all set to pause indefinitely when a credit or monitoring event occur. That's the kind of control we're aiming to give.
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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 Oct 1, 2015 17:23:25 GMT
Thanks.
So thats how it works when something happens but how do I know what its set to when everything is fine. There doesnt seem to be a way to view the actual instruction once set. Also thats a complicated explanation. Is there an FAQ/guide anywhere explaining how it works? In fact are there any up to date FAQs? Just looked at the auto-invest FAQ and it still has references to opting out of loans, no reference to the new system anywhere. This really needs to get addressed as to the beginner AC might prove a bit daunting & unfathomable (Qs make it clear a lot of lenders struggle to understand it), dont really want to go into ISA mass market next year without (AC not alone in this)
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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 Oct 1, 2015 17:26:12 GMT
Err... I saw the orange clock on mine and the hover said paused so I clicked on the clock and now the clock has gone. So am I now unpaused or paused ? If the arrow's green its unpaused, if its grey and the pause is red then its paused
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Post by chris on Oct 1, 2015 17:47:54 GMT
Thanks. So thats how it works when something happens but how do I know what its set to when everything is fine. There doesnt seem to be a way to view the actual instruction once set. Also thats a complicated explanation. Is there an FAQ/guide anywhere explaining how it works? In fact are there any up to date FAQs? Just looked at the auto-invest FAQ and it still has references to opting out of loans, no reference to the new system anywhere. This really needs to get addressed as to the beginner AC might prove a bit daunting & unfathomable (Qs make it clear a lot of lenders struggle to understand it), dont really want to go into ISA mass market next year without (AC not alone in this) There's tutorial videos being produced which should help guide people through everything. I'll also brief marketing on this particular change so they can produce some new FAQ content.
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