averageguy
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Post by averageguy on Jun 15, 2016 9:23:05 GMT
Mine all zeroed ...so email sent to SS
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jamesc
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Post by jamesc on Jun 15, 2016 9:36:31 GMT
Am I right in thinking 107-115 today hopefully but as yet we have not had a go date for 106 ?
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mickj
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Post by mickj on Jun 15, 2016 9:42:43 GMT
Order of funds changed but prefund amounts remain for me, perhaps it's been fixed ?
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blink
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Post by blink on Jun 15, 2016 10:08:40 GMT
Mine was set to zero early this morning... approx. 10.00am all pre-funds set as per my instructions.... so appears they are slowly working through...my surname initial is N ....
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Jun 15, 2016 10:09:31 GMT
Order of funds changed but prefund amounts remain for me, perhaps it's been fixed ? Nope... still stuck at 0 for me. Hope they sort it before the nine go live. Also hope it reverts to my previous set prefund beacuse I'm working all day with only access to my mobile.
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bigal
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Post by bigal on Jun 15, 2016 10:14:03 GMT
Allocation just commenced.
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ped
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Post by ped on Jun 15, 2016 10:16:35 GMT
Only 107 and not filled from pipeline - 17K on SM interesting....
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treeman
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Post by treeman on Jun 15, 2016 10:20:24 GMT
108 too - 25k on SM
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Post by grodecki on Jun 15, 2016 10:20:56 GMT
Just done some RAPID prefund adjustment to avoid massive over exposure on these!
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ped
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Post by ped on Jun 15, 2016 10:21:19 GMT
Now 108 with 25K on the SM
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bigal
Posts: 31
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Post by bigal on Jun 15, 2016 10:21:41 GMT
Only 107 and not filled from pipeline - 17K on SM interesting.... It must have, if only behind the scenes. 108 chunk just put on SM now also. I have screenshots showing what I imagine are pre-fund requests in the recent activity tab for both.
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locutus
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Post by locutus on Jun 15, 2016 10:21:57 GMT
Maybe as a result of the people who had their prefund set to zero? Can anyone who had their prefund reset comment on whether you got any allocation?
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littleoldlady
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Running down all platforms due to age
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Post by littleoldlady on Jun 15, 2016 10:22:27 GMT
Does it make much difference if SSSH is a subsidiary or not? Are the directors the same? Is the PF held as cash in a SSSH bank account or is it just an accounting entry in Lendy's working capital, with SSSH as a creditor? I don't know the answers to any of these questions. It makes a great deal of difference. Under the new true P2P structure set up last September SSSH holds the loan security on our behalf. Therefore it is important that it is isolated from any bankruptcy risk for Lendy Ltd.
The PF is a completely different issue for which there is another company,Lendy Provision Reserve Ltd (again not a subsidiary of Lendy Ltd).
Why do you think the provision fund could be 'just an accounting entry in Lendy's working capital'?
I stand corrected, I was confusing SSSH and LPRL. As for the PF since it is discretionary it would seem sensible from SS's point of view to use it as working capital rather than leaving over £2m lying idle. That is how I would do it if I were them. Lendy's accounts would show an a/c payable to LPRL and LPRL's accounts would show a receivable from Lendy. Putting the PF into a non/low interest a/c would effectively cost 12% pa.
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Liz
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Post by Liz on Jun 15, 2016 10:23:40 GMT
Plenty of this on the SM
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sam i am
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Post by sam i am on Jun 15, 2016 10:24:03 GMT
The first two were the largest and possibly the least attractive of the bunch, so I expect the smaller, more popular loans to be fully funded. Having said that it is always possible that SS haven't put all of the remaining amounts on the SM straight away just to throw us off the scent!
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