elliotn
Member of DD Central
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Post by elliotn on Mar 10, 2017 6:07:12 GMT
savingstream / Paul64 , for years you've opined that the primary function and focus of your SM is to provide a dynamic marketplace where lenders can quickly liquidate their holdings, despite its limitations for buyers. Well, it's certainly not that today. I've no gripe with your removing INPL for SM purchases (it's not as if you had much choice) but surely you could have foreseen the need to transform your deposit processing in parallel? Even if you didn't, there were plenty of people on here pointing it out within minutes of your announcement. Presumably we'll now see a FFF frenzy as soon as deposits are credited tomorrow morning, as the more attractive loans are bagged by those sat waiting at their PC... You're right, in that it was utterly foreseeable... in which case, it could have been wise to keep some spare cash on account at SS to wait for precisely this moment...? We've all got lazy, and used to having £0.00 balances - or lower... Anything +ve has been a worrisome sign that the SM is devoid of any parts worth snaffling. Perhaps it's our attitudes to that which need to change? Yep, put some current accounts in once the dfl17 email went out, rest is following.
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lobster
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Post by lobster on Mar 10, 2017 7:11:59 GMT
Good morning savingstream , good morning Paul64 . This morning's banking run needs to be done asap please , in order to kick-start the SM. Furthermore I would strongly recommend additional banking runs throughout the day.
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upland
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Post by upland on Mar 10, 2017 7:53:47 GMT
Mines already gone out. I have no cash with SS as I have been dumped into DFL005 tranch 7 that I never knew about. Very annoying. Best not to leave pipeline set on automatic. I have now set it to a £0 default. I hope that will do. I am a bit careful with it and check how my pipelines are doing. A few weeks ago I found one of the loans that I am pretty sure that I had set to 0 re-appeared with my default £ in. I told SS and watch it every day now. As you say best to set it to £0. I am pretty sure that DFL005 was not in my pipelines yesterday morning.
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Post by barberbookie on Mar 10, 2017 8:07:07 GMT
Good morning savingstream , good morning Paul64 . This morning's banking run needs to be done asap please , in order to kick-start the SM. Furthermore I would strongly recommend additional banking runs throughout the day. Gone 8 oclock and now desposits as yet. I dont think they give a toss
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gustapher
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Post by gustapher on Mar 10, 2017 8:12:41 GMT
They probably just have a much larger influx of deposits than usual.
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lofty
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Post by lofty on Mar 10, 2017 8:14:50 GMT
Its going to be interesting today and tomorrow to see how the new SM rules play out. I suspect there's enough people out there who were unaware of things changing, and so will quite happily have requested as much of the new pipeline stuff as they can set knowing that they'll just offload other loans in the morning. Those that never intended on paying and were just gaming the system have probably woken up this morning and had a mini-heartattack Could this mean: Investors having to sell stuff they'd rather not, just to clear their position? SS having to forcibly sell off shares in a few days? A panic sell as investors don't want to be stuck with loan parts? I suspect there'll be quite a bit on the market for the next week or so - this reminds me of the London-9 and Brexit malarkey last year. If you're a new investor, boy, have you chosen a good day to join. Lots of stuff to choose from, not just the usual negative day dross.
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Post by barberbookie on Mar 10, 2017 8:14:56 GMT
They probably just have a much larger influx of deposits than usual. Thats an understatement. Should have shifted the majority yesterday then.
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Post by barberbookie on Mar 10, 2017 8:21:17 GMT
Where is Cooling Dude today? Lots has been happening in SS land today but I haven't seen any comments from the main man about it all. I hope SS haven't kidnapped him to keep him silent. Just like Liberace, ("Who he?" you may ask), that Bank that The Dude's been laughing all the way to, well, he's busy buying it. The Dude has gone very quiet. Cant keep the guy off here when theirs nothing doing. We need you Dude to suss all this out
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elliotn
Member of DD Central
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Post by elliotn on Mar 10, 2017 8:22:59 GMT
They probably just have a much larger influx of deposits than usual. They may also want to do a scrape of late raisers with an inclusive 9am+ run .
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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 Mar 10, 2017 8:37:37 GMT
Just like Liberace, ("Who he?" you may ask), that Bank that The Dude's been laughing all the way to, well, he's busy buying it. The Dude has gone very quiet. Cant keep the guy off here when theirs nothing doing. We need you Dude to suss all this out He says he cant cope with all adolation and has run off to join a boy band to escape the attention.
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Post by portlandbill on Mar 10, 2017 8:39:44 GMT
my credit just made it into my account
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Post by barberbookie on Mar 10, 2017 8:43:25 GMT
Get ready for feeding time at the zoo. Well for all zoos apart from that one in cumbria
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Post by d_saver on Mar 10, 2017 8:45:27 GMT
my credit just made it into my account You are a lucky boy then. Take your pick of the loans whilst the rest of us wait for SS to catch up. I guess that some of us are still waiting means it's a manual process for them.
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Post by portlandbill on Mar 10, 2017 9:21:49 GMT
i'm waiting for you guys to get your accounts credited so you can buy all the tasty loans I'm selling!
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Post by geraldine1210 on Mar 10, 2017 9:22:40 GMT
Good morning savingstream , good morning Paul64 . This morning's banking run needs to be done asap please , in order to kick-start the SM. Furthermore I would strongly recommend additional banking runs throughout the day. Gone 8 oclock and now desposits as yet. I dont think they give a toss They were done before 0900
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