Post by bracknellboy on Oct 7, 2015 19:32:47 GMT
Ummm. So teh missive below was issued by AC for a number of loans.
"We are pleased to confirm that the necessary IT fixes have now been put in place and that trading in this loan (and all loans marked as "Monitoring Event") is now possible. Given the issues seen we will be keeping all Monitoring Event loans suspended for a further period to allow all lenders to review their investment instructions. In the interim, these instructions have been disabled and lenders will need to confirm they understand the current position before re-setting.
Please note that this loan will be tradeable from 10am on Monday 5 October 2015."
Now maybe my grasp of English is not what I thought it was. But I read this as:
-trading reamins suspended until 10am 5/10.
- in the interim instructions are disabled. Interim by definition means up to and not after that point.
- re-setting: if I wish to change my instruction during the interim I will need to confirm my understanding
De-facto: current instructions will be treated as instructions after the above date as that is when the interim period is over during which they are disabled.
Except they are not. I now find that my prior set instructions, which I was happy with, are apparently not active. And given I have deleted several of the emails (since I decided i did not need to do anything) I now have to do a manual trawl (they show up as not having any instruction under 'instructed loans', so I can't distinquish between no instruction and disabled instruction).
Simple deletion of the term 'In the interim' renders the communication factually correct: inclusion of it renders it factually incorrect. Edit: Or at best highly ambigous. [I'm sure James will bring his language skills to bear on this one and embarress me].
Bit miffed.
It reminds me of the young person (assume student) I saw on the train this evening using her mobile to post a question on the [name witheld] university message/help board:
"Is there any buses from Egham to the Uni ?"
I would like to think that someone will post a suitable response, such as "Yes, but are you sure you should be on one ?". However I am not hopeful.
"We are pleased to confirm that the necessary IT fixes have now been put in place and that trading in this loan (and all loans marked as "Monitoring Event") is now possible. Given the issues seen we will be keeping all Monitoring Event loans suspended for a further period to allow all lenders to review their investment instructions. In the interim, these instructions have been disabled and lenders will need to confirm they understand the current position before re-setting.
Please note that this loan will be tradeable from 10am on Monday 5 October 2015."
Now maybe my grasp of English is not what I thought it was. But I read this as:
-trading reamins suspended until 10am 5/10.
- in the interim instructions are disabled. Interim by definition means up to and not after that point.
- re-setting: if I wish to change my instruction during the interim I will need to confirm my understanding
De-facto: current instructions will be treated as instructions after the above date as that is when the interim period is over during which they are disabled.
Except they are not. I now find that my prior set instructions, which I was happy with, are apparently not active. And given I have deleted several of the emails (since I decided i did not need to do anything) I now have to do a manual trawl (they show up as not having any instruction under 'instructed loans', so I can't distinquish between no instruction and disabled instruction).
Simple deletion of the term 'In the interim' renders the communication factually correct: inclusion of it renders it factually incorrect. Edit: Or at best highly ambigous. [I'm sure James will bring his language skills to bear on this one and embarress me].
Bit miffed.
It reminds me of the young person (assume student) I saw on the train this evening using her mobile to post a question on the [name witheld] university message/help board:
"Is there any buses from Egham to the Uni ?"
I would like to think that someone will post a suitable response, such as "Yes, but are you sure you should be on one ?". However I am not hopeful.
