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Post by yorkman on Jan 22, 2017 17:53:00 GMT
I recently persuaded my wife to invest £1000 in Z+. After a few days the state of play is Loaned out £318.13, Matching to Borrowers £671.86. Total £999.99.
If this happens to every £1000 invested there's a lot of pennies unaccounted for. Presumably this is some sort of rounding difference but has anyone noticed it rounding up rather than down?
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registerme
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Post by registerme on Jan 23, 2017 15:13:52 GMT
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wapping35
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Post by wapping35 on Jan 23, 2017 17:36:43 GMT
I think this is just down to how Z do the rounding.
You can check by down loading the Excel files in your loan book, you will see this is down to 100/1000th's of a penny.
Effectively they round to the penny on the summary sheets so when the sub totals add up they do often go down and up (I have seen both) when they are combined. As you have fractional pennies you are not actually loosing nor gaining. It is just the website summary sheet optics...
Most commonly I see that when the repayments (which always have fractional pennies) move to the Matching to Borrowers queue (which also has fractional pennies), I "gain" / "loose" a penny.
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Post by yorkman on Jan 23, 2017 22:11:16 GMT
I assumed it was and mostly you wouldn't notice but with a brand new account and a nice 'round' £1000, the £999 was all too obvious!  |
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