moist
Member of DD Central
Posts: 241 
Likes: 251
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Post by moist on May 28, 2016 7:17:13 GMT
no problem with this , but need automated crediting of funds.....penalises anyone who funds on a friday to find it not credited until Monday!
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boble
Posts: 150
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Post by boble on May 28, 2016 7:44:35 GMT
no problem with this , but need automated crediting of funds.....penalises anyone who funds on a friday to find it not credited until Monday! I emailed SS when this was announced, to say that I fully supported the changes, however, in order to operate fairly, it is essential that bank account credits are monitored and shown in SS accounts in real time.
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ben
Posts: 2,020
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Post by ben on May 28, 2016 8:25:08 GMT
no problem with this , but need automated crediting of funds.....penalises anyone who funds on a friday to find it not credited until Monday! I emailed SS when this was announced, to say that I fully supported the changes, however, in order to operate fairly, it is essential that bank account credits are monitored and shown in SS accounts in real time. Or the banking run done more then once a day
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Post by brianac on May 28, 2016 9:20:22 GMT
no problem with this , but need automated crediting of funds.....penalises anyone who funds on a friday to find it not credited until Monday! or indeed tuesday if it's the upcoming week. Brian
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tomtom
Member of DD Central
Posts: 262
Likes: 39
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Post by tomtom on May 28, 2016 10:08:07 GMT
My bank works on next working day transfers which means that the transfer I requested late on Friday, to clear a negative balance, won't be with SS until Wednesday. And yes, I'd accept not getting any interest for those parts during that time. My bank does instant transfers (2 hours and in the past this has happened) and have now transferred money to cover my potential purchases later today, it will be interesting to see what happens later todaywhen hopefully I will have some more loans.
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sam i am
Member of DD Central
Posts: 697
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Post by sam i am on May 28, 2016 10:42:17 GMT
Still, it's their business, not mine, so they can arrange it how they like (and I'll decide whether/how/how much to play based on their decisions). My sentiments entirely. The rules and procedures have changed a number of times on the platform as it has grown and developed. That is to be expected. Suggestions and constructive criticism may be useful feedback for Savingstream but ultimately they decide what to do. No point moaning, just get on with it. I have adapted my strategies several times over the last year and I'm sure I will continue to do so over the next year.
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awk
Posts: 276
Likes: 147
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Post by awk on May 30, 2016 10:39:59 GMT
Now I'm really confused !!
who is selling their NEW £180 allocations of PBL101 ? The investor activity shows a load of sales.
I've just checked mine, and as expected, it is "ineligible for sale" as I have a -£180 balance. As planned, I have just sold £180 of something older.
So, the only people who can sell are those with positive balances - but if they have spare cash, why are they selling a brand new loan?
am I missing something?
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cooling_dude
Bye Bye's for the PPI
Posts: 2,853
Likes: 4,298
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Post by cooling_dude on May 30, 2016 10:43:07 GMT
Now I'm really confused !! who is selling their NEW £180 allocations of PBL101 ? The investor activity shows a load of sales. I've just checked mine, and as expected, it is "ineligible for sale" as I have a -£180 balance. As planned, I have just sold £180 of something older. So, the only people who can sell are those with positive balances - but if they have spare cash, why are they selling a brand new loan? am I missing something? There has only been 2 transactions since the loan went live (£150 & £50); all those £180 you see was SS allocating the funds (a couple of the newer £180 maybe investors dumping their newly acquired 101, but I doubt it).
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mikes1531
Member of DD Central
Posts: 6,453
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Post by mikes1531 on May 30, 2016 10:44:45 GMT
Now I'm really confused !! who is selling their NEW £180 allocations of PBL101 ? The investor activity shows a load of sales. I've just checked mine, and as expected, it is "ineligible for sale" as I have a -£180 balance. As planned, I have just sold £180 of something older. So, the only people who can sell are those with positive balances - but if they have spare cash, why are they selling a brand new loan? am I missing something? Is there any chance that the allocation process itself generates Investor Activity?
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awk
Posts: 276
Likes: 147
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Post by awk on May 30, 2016 10:54:37 GMT
Now I'm really confused !! who is selling their NEW £180 allocations of PBL101 ? The investor activity shows a load of sales. I've just checked mine, and as expected, it is "ineligible for sale" as I have a -£180 balance. As planned, I have just sold £180 of something older. So, the only people who can sell are those with positive balances - but if they have spare cash, why are they selling a brand new loan? am I missing something? There has only been 2 transactions since the loan went live (£150 & £50); all those £180 you see was SS allocating the funds (a couple of the newer £180 maybe investors dumping their newly acquired 101, but I doubt it). I haven't noticed it before, but you must be right and it is the tail-end of the allocations which are showing - although there are now a couple more small purchases showing.
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Post by GSV3MIaC on May 30, 2016 12:07:19 GMT
A minor glitch I notice with the restriction .. I can't sell parts I bought on 23rd May, even though those might be more than 7 days old (7.x days) .. there's no time on the parts, so hard to check for sure. Not a big issue, I can always sell them tomorrow, but maybe the '7 days' should be read as '8'? (Fencepost problem).
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sl75
Posts: 2,092
Likes: 1,245
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Post by sl75 on May 30, 2016 12:52:45 GMT
... they would need a new 'date paid for' field on every loan part, which is a big database change. I don't see any database change as necessary - merely have the process that determines if you have any unpaid loan parts update the existing "start date" field with "today's date" for any loan parts which are determined not to have been paid for yet "today".
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Post by GSV3MIaC on May 30, 2016 13:35:14 GMT
... they would need a new 'date paid for' field on every loan part, which is a big database change. I don't see any database change as necessary - merely have the process that determines if you have any unpaid loan parts update the existing "start date" field with "today's date" for any loan parts which are determined not to have been paid for yet "today". But then they wouldn't have the actual 'bought date' for the 48-hour chasing activity (or indeed for anything else which needs an audit trail with the date in).
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sl75
Posts: 2,092
Likes: 1,245
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Post by sl75 on May 30, 2016 14:34:01 GMT
I don't see any database change as necessary - merely have the process that determines if you have any unpaid loan parts update the existing "start date" field with "today's date" for any loan parts which are determined not to have been paid for yet "today". But then they wouldn't have the actual 'bought date' for the 48-hour chasing activity (or indeed for anything else which needs an audit trail with the date in). In the database table that generates the statement, surely? [It's probably more robust to add a field as you mention (which might be a date, or might be a small integer value like "number of days not paid for"), but the point was it's not NECESSARY if that proves a sticking point...]
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awk
Posts: 276
Likes: 147
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Post by awk on Jun 2, 2016 8:11:26 GMT
Just been planning what to sell once the PBL60 tranche goes live today.
Looks like I can now sell everything, including parts 2 days old !!
Have the rules changed again, or have they put an old version live?
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