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Post by nbk on May 2, 2014 15:20:04 GMT
Hi, although I've been using Assetz for a while now, I haven't posted here before.
I am just starting to look properly at the AI feature and there are a couple of questions that I wanted to pose (apols if addressed in this very long thread already)
(1) For all of my existing (and recently new) loans that have been drawndown, then when I look at the loans individually, then AI section on the right seems to have been setup with a target default on them of an amount set at the level of initial investment. This means that for a Cap & Int loan, as the capital outstanding decreases, then AI would seek to top-up to the original level, which I don't want. I'm not sure if I am reading the setup correctly as under the AI main tab, then the loans do not have mandates setup ?
(2) It has been mentioned in this thread that lenders have kept funds in ther account to allow AI to use them to bid when loan parts become available on the Aftermarket. Is this strictly necessary , if a lender has shadowbid facilities? The advanced section on AI has an option for shadowbids, so presumably AI would place a shadowbid on the aftermarket even if the holding balance on the acct is £0 and there are available shadowbid allowances ?
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Post by chris on May 2, 2014 21:46:29 GMT
1) If that's the case (I've been off for the last couple of weeks so haven't been involved), then that is a mistake and it should default to your current holding. I've alerted the rest of the development team. However with the way AI is currently set up, as your capital decreases the target does currently remain the same. Under advanced settings you can limit your exposure to a %age of the loan, and there are new features on the way that will manage a lot of this for you, but I'm not sure there's a good way of adjusting the target within the current framework.
2) The shadow bid facility can only be used when bidding on loans at auction, not for purchase of loan units on the aftermarket. The latter requires committed funds.
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Post by Ton ⓉⓞⓃ on May 2, 2014 22:22:11 GMT
Hi, although I've been using Assetz for a while now, I haven't posted here before. I am just starting to look properly at the AI feature and there are a couple of questions that I wanted to pose (apols if addressed in this very long thread already) (1) For all of my existing (and recently new) loans that have been drawndown, then when I look at the loans individually, then AI section on the right seems to have been setup with a target default on them of an amount set at the level of initial investment. This means that for a Cap & Int loan, as the capital outstanding decreases, then AI would seek to top-up to the original level, which I don't want. I'm not sure if I am reading the setup correctly as under the AI main tab, then the loans do not have mandates setup ? (2) It has been mentioned in this thread that lenders have kept funds in ther account to allow AI to use them to bid when loan parts become available on the Aftermarket. Is this strictly necessary , if a lender has shadowbid facilities? The advanced section on AI has an option for shadowbids, so presumably AI would place a shadowbid on the aftermarket even if the holding balance on the acct is £0 and there are available shadowbid allowances ? Hi nbk, I see Chris, the IT wiz from AC, is looking into this. But with (1) when you buy something that immediately updates the AI target to the figure you're now holding. If it didn't then AI would immediately sell what you just bought. But maybe this isn't what you're talking about...
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Post by nbk on May 3, 2014 9:59:41 GMT
1) If that's the case (I've been off for the last couple of weeks so haven't been involved), then that is a mistake and it should default to your current holding. I've alerted the rest of the development team. However with the way AI is currently set up, as your capital decreases the target does currently remain the same. Under advanced settings you can limit your exposure to a %age of the loan, and there are new features on the way that will manage a lot of this for you, but I'm not sure there's a good way of adjusting the target within the current framework. 2) The shadow bid facility can only be used when bidding on loans at auction, not for purchase of loan units on the aftermarket. The latter requires committed funds.
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Post by nbk on May 3, 2014 10:04:11 GMT
1) If that's the case (I've been off for the last couple of weeks so haven't been involved), then that is a mistake and it should default to your current holding. I've alerted the rest of the development team. However with the way AI is currently set up, as your capital decreases the target does currently remain the same. Under advanced settings you can limit your exposure to a %age of the loan, and there are new features on the way that will manage a lot of this for you, but I'm not sure there's a good way of adjusting the target within the current framework. 2) The shadow bid facility can only be used when bidding on loans at auction, not for purchase of loan units on the aftermarket. The latter requires committed funds. Thanks Chris. (1) I don't want to send you on any wild goose chases here - I haven't seen a case where AI is buying more loan parts to replace capital paid back, but I'm trying to understand the expected behaviour. Unfortunately , I happen to have set up AI mandates on the couple of loans where I have received cap payments, so it's masking what AI would have set the target amount to be at had I not done that. (2) If Shadowbidding cannot be used on AI, does it make sense to remove the tickbox from the advanced feaures on AI - I guess changing that option does not affect AI behaviour given waht you say ?
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taca
Posts: 29 
Likes: 8
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Post by taca on May 3, 2014 10:32:36 GMT
1) If that's the case (I've been off for the last couple of weeks so haven't been involved), then that is a mistake and it should default to your current holding. I've alerted the rest of the development team. However with the way AI is currently set up, as your capital decreases the target does currently remain the same. Under advanced settings you can limit your exposure to a %age of the loan, and there are new features on the way that will manage a lot of this for you, but I'm not sure there's a good way of adjusting the target within the current framework. 2) The shadow bid facility can only be used when bidding on loans at auction, not for purchase of loan units on the aftermarket. The latter requires committed funds. Thanks Chris. (1) I don't want to send you on any wild goose chases here - I haven't seen a case where AI is buying more loan parts to replace capital paid back, but I'm trying to understand the expected behaviour. Unfortunately , I happen to have set up AI mandates on the couple of loans where I have received cap payments, so it's masking what AI would have set the target amount to be at had I not done that. (2) If Shadowbidding cannot be used on AI, does it make sense to remove the tickbox from the advanced feaures on AI - I guess changing that option does not affect AI behaviour given waht you say ? (2) No, because AI can schedule shadow bids for new auctions yet to start. And on a related note, as I understand it (be grateful if someone could confirm this as I'm relying on it) pre-bids will convert to shadow bids if there are not cleared funds in the account?
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Post by Come_on_Grandad on May 3, 2014 10:46:54 GMT
Thanks Chris. (1) I don't want to send you on any wild goose chases here - I haven't seen a case where AI is buying more loan parts to replace capital paid back, but I'm trying to understand the expected behaviour. Unfortunately , I happen to have set up AI mandates on the couple of loans where I have received cap payments, so it's masking what AI would have set the target amount to be at had I not done that. (2) If Shadowbidding cannot be used on AI, does it make sense to remove the tickbox from the advanced feaures on AI - I guess changing that option does not affect AI behaviour given waht you say ? (2) No, because AI can schedule shadow bids for new auctions yet to start. And on a related note, as I understand it (be grateful if someone could confirm this as I'm relying on it) pre-bids will convert to shadow bids if there are not cleared funds in the account? Actually, it is better than that. Pre-bids will convert to shadow bids if you have the headroom in your shadow account. Failing that, pre-bids convert to bids if you have cleared funds. Failing that they will be thrown away.
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Post by chris on May 3, 2014 11:28:26 GMT
This is correct. Shadow bidding is used for bidding. All ownership of loan units is based on committed funds and therefore it's not relevant to the aftermarket. But AI absolutely can use the facility to place shadow bids on loans that are still at auction.
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Post by Ton ⓉⓞⓃ on May 7, 2014 15:55:29 GMT
I notice that it looks like chris and his friends at UX has changed the UI for AI so that it now says in brackets Inactive or Active just above the Target, and that when it's Inactive the Target figure is visible but greyed out. And just below that figure seems to be constantly green (rather than blue or green) but now with the words "Active Auto-Invest" OR "Update Target". I don't think it can be a lot clearer.
I'm wondering once you activate AI can you then de-activate it. I'm so sleepy I'd better not play with it.
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Post by elljay on May 7, 2014 16:59:24 GMT
I notice that it looks like chris and his friends at UX has changed the UI for AI User Intelligence for Artificial Intelligence?  
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Post by Ton ⓉⓞⓃ on May 7, 2014 17:31:32 GMT
I notice that it looks like chris and his friends at UX has changed the UI for AI User Intelligence for Artificial Intelligence? Very good. User Experience. Graphical User Interface. I was very tired at the time. IN EDIT. Auto-Invest, AI,
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Post by bracknellboy on May 7, 2014 18:36:19 GMT
chris: very difficult to see what the 'real' AI activity has been on an account. I have a couple of mandates set up. Under 'Your AI Activity' I have a total of 27 pages of 'events' log, running from 4th May to 7th May. None of which are real activity (AI has so far failed to buy anything for me, but to be fair one of them is for a loan which hasn't drawn down yet). All the events are checking mandate for...etc etc. Suggest this should be filtered out and only register things like user change of mandate/new mandate/units bought/units sold ??
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Post by cyrilmadrid on May 7, 2014 18:50:57 GMT
I agree all AI events in the AI log which do not translate into actual action could be removed for the sake of readability of the log. What is the utility of knowing that you check every 2 minutes ? This is easily assumed.
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Post by chris on May 7, 2014 20:18:54 GMT
I agree all AI events in the AI log which do not translate into actual action could be removed for the sake of readability of the log. What is the utility of knowing that you check every 2 minutes ? This is easily assumed. If it wasn't there there'd be those questioning that AI was working at all for them, it's swings and roundabouts. What I'll do is add a flag to each log message saying whether or not something actually happened and then filter the front end so that only those where something happened are displayed. We can then add an option to view all log messages to prove the thing is working in the background.
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Post by bracknellboy on May 7, 2014 20:24:22 GMT
I agree all AI events in the AI log which do not translate into actual action could be removed for the sake of readability of the log. What is the utility of knowing that you check every 2 minutes ? This is easily assumed. If it wasn't there there'd be those questioning that AI was working at all for them, it's swings and roundabouts. What I'll do is add a flag to each log message saying whether or not something actually happened and then filter the front end so that only those where something happened are displayed. We can then add an option to view all log messages to prove the thing is working in the background. And indeed there were those who at the start were questioning whether it was doing anything when it was first introduced. And I had that thought when I posted. But I think it has now proved its point.... :-) If you REALLY wanted to, you could put in a once per day message: "auto mandates checked xxx times in last 24 hours: robot awake, market asleep"
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