ben
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Post by ben on Jan 4, 2016 21:23:51 GMT
Not sure if this is on the site anywhere but is there any figures avaliable for amount lent into these accounts and the size of the provision fund. Also it states that the target is 7% but what is it currently paying out at?
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Post by chris on Jan 4, 2016 21:28:47 GMT
Not sure if this is on the site anywhere but is there any figures avaliable for amount lent into these accounts and the size of the provision fund. Also it states that the target is 7% but what is it currently paying out at? Pays out at 7% on all invested funds. Mostly says "target" for legal compliance reasons and as due to limited deal flow last year your funds weren't always 100% lent out. If the deal flow this year is as predicted then that will no longer be an issue, and we're working on a couple of solutions for Jan / Feb that will improve deployment times for new investors. Edit: Provision fund figures are available on the site but somewhat buried at the moment. From the homepage if you go to the investment account menu, select the account you're interested in, scroll down to the "How it works" section at the bottom, and then select the provision fund item the text that appears includes the live percentage cover the provision fund has. Due to recent account growth they're all below the 5% target, with normal behaviour being for them to steadily tick upwards but then drop when a new loan arrives that allows them to invest more. We're currently discussing topping up a couple of the funds in the next couple of months. Each account's provision fund is separate to the others, although the platform supports multiple accounts using the same fund so that may not always be the case in the future as other accounts are launched. We don't currently publish the total amount invested through each account other than the QAA where it's publicly visible.
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ablender
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Post by ablender on Jan 4, 2016 21:55:17 GMT
Is there a way to know in which loans my money is invested in the GBBA, GEIA and QAA?
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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 Jan 4, 2016 22:12:54 GMT
Is there a way to know in which loans my money is invested in the GBBA, GEIA and QAA? For GBBA & GEIA it will record each loan investment in your transaction history which you can also download to Excel and then consolidate (with time & effort) to see your total holdings, not sure about QAA as never invested directly, though the same may be the case, certainly cant for idle funds
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ablender
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Post by ablender on Jan 4, 2016 22:48:20 GMT
Is there a way to know in which loans my money is invested in the GBBA, GEIA and QAA? For GBBA & GEIA it will record each loan investment in your transaction history which you can also download to Excel and then consolidate (with time & effort) to see your total holdings, not sure about QAA as never invested directly, though the same may be the case, certainly cant for idle funds Same here, I am using QAA for idle funds, but it would be nice to know in which pies I am dipping my finger. Somewhere I also read that we can block certain loans from being invested in if we do not like them. I cannot retrace my steps back to where I read this but it would be a good thing to have. If anyone has come across this can you please tell me were it is?
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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 Jan 4, 2016 22:58:54 GMT
For GBBA & GEIA it will record each loan investment in your transaction history which you can also download to Excel and then consolidate (with time & effort) to see your total holdings, not sure about QAA as never invested directly, though the same may be the case, certainly cant for idle funds Same here, I am using QAA for idle funds, but it would be nice to know in which pies I am dipping my finger. Somewhere I also read that we can block certain loans from being invested in if we do not like them. I cannot retrace my steps back to where I read this but it would be a good thing to have. If anyone has come across this can you please tell me were it is? I think that would have been on the old site and related to the MLIA. There was an opt out button which never actual did anything and also a manual invest disable option but both were removed when the latest iteration using buy/sell orders was introduced. I have absolutely no knowledge of their being any way to prevent the automatic funds from investing in any of the eligible loans, would interfere with their diversity parameters I would have thought, especially the GEIA which doesnt exactly have much to invest in anyway
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ablender
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Post by ablender on Jan 4, 2016 23:12:40 GMT
Same here, I am using QAA for idle funds, but it would be nice to know in which pies I am dipping my finger. Somewhere I also read that we can block certain loans from being invested in if we do not like them. I cannot retrace my steps back to where I read this but it would be a good thing to have. If anyone has come across this can you please tell me were it is? I think that would have been on the old site and related to the MLIA. There was an opt out button which never actual did anything and also a manual invest disable option but both were removed when the latest iteration using buy/sell orders was introduced. I have absolutely no knowledge of their being any way to prevent the automatic funds from investing in any of the eligible loans, would interfere with their diversity parameters I would have thought, especially the GEIA which doesnt exactly have much to invest in anyway Thanks ilmoro. I did notice that GEIA did nothing with the £75 I put in it to test it.
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Post by chris on Jan 5, 2016 8:39:54 GMT
I think that would have been on the old site and related to the MLIA. There was an opt out button which never actual did anything and also a manual invest disable option but both were removed when the latest iteration using buy/sell orders was introduced. I have absolutely no knowledge of their being any way to prevent the automatic funds from investing in any of the eligible loans, would interfere with their diversity parameters I would have thought, especially the GEIA which doesnt exactly have much to invest in anyway Thanks ilmoro. I did notice that GEIA did nothing with the £75 I put in it to test it. At the moment the account is saturated so new loans are needed for new funds to invest (or someone else needs to withdraw). There are more loans on the horizon plus some small behind the scenes changes to try and make it so that there are always some loan units on offer for the accounts to help new lenders get invested. In terms of seeing what you're invested in the accounts are deliberately black box like without that information being shown. You can work it out from your statement on the GBBA / GEIA, as it was a legal requirement for us to show this based on the advice we had at the time, but not the QAA as individual investments aren't reflected on the QAA statement only the movement of funds in and out of the account as a whole. However based on internal discussion this is likely to change over the next handful of months as we make the accounts a little more transparent as to how they work and where your money is invested. That's not decided yet so I can't make any promises but seems to be the general direction of travel.
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