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 May 1, 2016 21:26:07 GMT
bluechip about a year ago, maybe more, a beta testers group was set up to trial all this sort of stuff before it went live. A "special" extra forum was set up for it. Some strangely worded NDA agreements were sent out to members. And that's as far as it went. So good idea, already been had  It's being resurrected. Last time I ended up not having enough capacity to organise it all myself. This time around we're going to have a special access area of this forum, similar to the pink pages, where we'll run a small invite only beta testing group. I'm on holiday from this coming Friday for two weeks but will start pulling this group together when I return. Beta forums still there. Are the NDA still valid?
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Post by chris on May 1, 2016 21:29:35 GMT
It's being resurrected. Last time I ended up not having enough capacity to organise it all myself. This time around we're going to have a special access area of this forum, similar to the pink pages, where we'll run a small invite only beta testing group. I'm on holiday from this coming Friday for two weeks but will start pulling this group together when I return. Beta forums still there. Are the NDA still valid? Yes but I'll check with legals to make sure there isn't a better NDA to be used.
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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 May 1, 2016 21:32:57 GMT
Beta forums still there. Are the NDA still valid? Yes but I'll check with legals to make sure there isn't a better NDA to be used. Might be worth revisting the beta forum before you do as there were a number of comments/feedback on the wording/validity of them at the time IRC
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bababill
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Post by bababill on May 2, 2016 2:04:07 GMT
Will new beta-testers qualify for the 3% cashback promotion? ;-)
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Post by chielamangus on May 2, 2016 13:01:35 GMT
Is the QAA interacting in an unpredictable way with the 30 day access account? Have moved a sum from Cash to the 30 Day, and all the MLIA cash awaiting investment has disappeared from the QAA. The latter also has a tiny sum (£4 something) called direct investment which I never made. A bug being worked on, or a new issue? I await the verdict on Tuesday
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SteveT
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Post by SteveT on May 2, 2016 16:34:39 GMT
Interesting... will have to get the guys to look into it on Tuesday. FYI it is exactly the same size as money being swept from MLIA. (Money being swept from cash account isn't included.) , in my case the pie chart seems to be displaying the QAA total funds figure (ie. swept + direct) for both the QAA and the 30DAA segments, although I've zero holding in the 30DAA
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tomtom
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Post by tomtom on May 2, 2016 19:17:03 GMT
Evening all, I have just looked at my QAA report log and it shows " interest in March at 3.45%" I thought that the interested for April was 4.5%
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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
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Post by ilmoro on May 2, 2016 19:27:24 GMT
Evening all, I have just looked at my QAA report log and it shows " interest in March at 3.45%" I thought that the interested for April was 4.5% Mine says 3.75%, actual rate was 4.25% but I expect they didnt bother changing the script. Quick calculation shows it has been paid at correct rate.
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Post by scoobydoo on May 2, 2016 22:47:22 GMT
What are the advantages of the 30 day account over the 7% accounts?
From what I understand 30 day accounts requires 30 days notice to withdraw whereas the 7% accounts don't require any notice? So withdrawing from the 7% accounts could actually be faster?
Also, are the investments on the 30 day and the 7% accounts made on the same loans? i.e. there are no differentiation between the riskier loans and the less risky loans, so the actual risk of all the accounts are the same?
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bababill
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Post by bababill on May 2, 2016 23:13:37 GMT
Good point, yes the 7% account could be faster for withdrawals.. Depending on market conditions but no guranteees.
One small advantage of the 30 day notice account is it allows immediate investment. I have been trying to invest in the GBBA for the last several days without joy.
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mikes1531
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Post by mikes1531 on May 3, 2016 22:50:55 GMT
What are the advantages of the 30 day account over the 7% accounts? From what I understand 30 day accounts requires 30 days notice to withdraw whereas the 7% accounts don't require any notice? So withdrawing from the 7% accounts could actually be faster? Also, are the investments on the 30 day and the 7% accounts made on the same loans? i.e. there are no differentiation between the riskier loans and the less risky loans, so the actual risk of all the accounts are the same? Good point, yes the 7% account could be faster for withdrawals.. Depending on market conditions but no guranteees. One small advantage of the 30 day notice account is it allows immediate investment. I have been trying to invest in the GBBA for the last several days without joy. I had similar questions. I know the timing of withdrawals from the GBBA is not guaranteed, but if there's a severe liquidity crisis then withdrawals from the 30DAA aren't guaranteed either. Does anyone know what the typical GBBA withdrawal timing has been lately? Should we expect that to improve since the number of different loans in the GBBA has increased and looks set to continue to increase? Or get worse as the 30DAA is bound to be given priority over the GBBA when withdrawals are needed? (I know the QAA keeps a fair portion of its assets as cash to facilitate the quick withdrawals. Have AC indicated that the 30DAA will also try to maintain a cash balance? Or will loan part sales be required whenever a 30DAA withdrawal is made?) I suppose one advantage of the 30DAA is that if you want to have funds available at a specific time you can put in a request 30 days before that and -- market conditions permitting -- you'll have it, whereas with the GBBA you'd put the request in early and have to hope the money becomes available in time. Then again, with the QAA sweep function you'd still be earning 3.75% on funds withdrawn from the GBBA until you actually withdraw them from AC, so the only times you'd be better off with the 30DAA would be if you requested a GBBA withdrawal 30 days before you needed it and your GBBA parts sold in less than five days, or if your GBBA withdrawal still hadn't happened by the time you wanted to have the money available. You could avoid the first situation by not requesting the GBBA withdrawal more than 25 days in advance, but that would increase the chance of the second problem.
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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 May 3, 2016 23:16:59 GMT
What are the advantages of the 30 day account over the 7% accounts? From what I understand 30 day accounts requires 30 days notice to withdraw whereas the 7% accounts don't require any notice? So withdrawing from the 7% accounts could actually be faster? Also, are the investments on the 30 day and the 7% accounts made on the same loans? i.e. there are no differentiation between the riskier loans and the less risky loans, so the actual risk of all the accounts are the same? Good point, yes the 7% account could be faster for withdrawals.. Depending on market conditions but no guranteees. One small advantage of the 30 day notice account is it allows immediate investment. I have been trying to invest in the GBBA for the last several days without joy. I had similar questions. I know the timing of withdrawals from the GBBA is not guaranteed, but if there's a severe liquidity crisis then withdrawals from the 30DAA aren't guaranteed either. Does anyone know what the typical GBBA withdrawal timing has been lately? Should we expect that to improve since the number of different loans in the GBBA has increased and looks set to continue to increase? Or get worse as the 30DAA is bound to be given priority over the GBBA when withdrawals are needed? (I know the QAA keeps a fair portion of its assets as cash to facilitate the quick withdrawals. Have AC indicated that the 30DAA will also try to maintain a cash balance? Or will loan part sales be required whenever a 30DAA withdrawal is made?) Yes, in the How it works bit Unlike some of our other Investment Accounts we maintain a high level of cash within the account to satisfy withdrawal demand.
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mikes1531
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Post by mikes1531 on May 4, 2016 3:18:48 GMT
Have AC indicated that the 30DAA will also try to maintain a cash balance? Or will loan part sales be required whenever a 30DAA withdrawal is made?) Yes, in the How it works bit Unlike some of our other Investment Accounts we maintain a high level of cash within the account to satisfy withdrawal demand. Considering AC always will know the maximum amount of withdrawals they'll need to cover in the next 30 days -- it would be even less if there are any new investments into the 30DAA in that period -- I wouldn't have thought 'a high level of cash' would be needed. I'd have thought that 'a small amount' would be sufficient. PS. The AC wording ilmoro quoted above for the 30DAA is nearly identical to the wording used for the QAA, whereas I'd expect the need to hold cash to cover withdrawal demand would be significantly lower for the 30DAA than for the QAA.
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bababill
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Post by bababill on May 4, 2016 6:33:45 GMT
Does anyone know what the typical GBBA withdrawal timing has been lately? I withdrew around 10k about five days ago and it was virtually instantaneous.
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Post by caveman38 on May 4, 2016 8:30:27 GMT
I withdrew around 10k about five days ago and it was virtually instantaneous. Sorry for what may be a silly question. How can you withdraw money from a 30 day notice account in 5 days.
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