QAA Interest Payments

chris watching it work seems a good idea... Might want to think about informing the folk who are in QAA but not on here as the email sent on 2nd October specifically stated 1st of November. Don't want to have unhappy customers.

For sheer amusement, what's the per second interest rate for 3.75% annual? 

I've sent my post to the admin team who will make the call as to whether to email or not.  

It may be too late but for the sake of keeping things simple - can AC review this?

I suspect most customers would be more than happy with QAA interest calculated at based on holdings at midnight as it is with the other accounts - and allows those so inclined to check the interest they receive.

Paying interest with with per second accuracy seems like an unnecessary complication - I am all for following the KISS principle.

If AC does get to that stage when there are "periods of high activity" (you have some way to go), then you could revisit the posiiton.. though the proposed system would mean you could get interest twice - once for any seconds its in the QAA and then a whole days interest if its been invested elsewhere by midnight.. - which then doesnt sound fair to someone who say sold out of a loan at 11pm etc.

Given a queue of several days/weeks to get funds into the QAA, per-second precision seems completely and utterly meaningless.

If the queue becomes short enough for it to become meaningful (e.g. if you can reasonably expect to get funds into the QAA on the same day you add them), there will instead be exploitation (possibly bot-assisted) where loan units are purchased just before midnight and then immediately resold from just after midnight, in order to accrue the overnight loan interest and also at least some of the daytime QAA interest on the very same day. Rinse and repeat...

Please stick to one interest accrual system and use it throughout the entire site!

Edit: as I understand it, the QAA itself receives accrued interest only on the portions of loan units that it holds at midnight. Holding units of the QAA at the moment the QAA itself accrues interest is what seems to me the obvious thing to earn one a right to earn QAA interest. Everything occurring within the same day is merely repositioning ready for the next interest accrual event.

Whilst I would never comment on a ladies 'moments', my QAA pennies appear to be queuing from the various interest payments today.


Could it be that you haven't scrolled the QAA queue box down to see the most recent additions to the queue?

ramblin rose: it seems to me that a rather more dingbatty thing is a system which through combination of its presentation layer and current business dynamics appears to result in people checking whether their 1 x 10^-20 pence of interest on a 1 x 10^-18 pence loan part has been requeued or even shuffled forward as a result of someone elses 1 x 10^-17 pence having dropped out of the queue; nontheless you can be reassured that should it make it past the head of the queue that based on current performance it will take 2 x 10^-2 secs for you to withdraw it should you wish to, while the probable horizon time for their being something new for one to invest it in is likely ROM 1.2 x 10^6 secs.