jonah
Member of DD Central
Posts: 2,031
Likes: 1,113
|
Post by jonah on Feb 5, 2017 8:49:23 GMT
elliotn to all your questions, yes That said, as far as I know the PF for GBBA hasn't yet paid anything out.
|
|
teddy
Posts: 214 
Likes: 90
|
GBBA
Feb 6, 2017 15:11:29 GMT
Post by teddy on Feb 6, 2017 15:11:29 GMT
Although I got lucky with £500 invested in the green business account the other week, getting anything invested in the GBBA is proving impossible. Nearly everyday I get emails from AF telling me of a new loan, yet none of my queuing money gets taken. 3.75% interest is skant reward for having your money sitting there doing nowt for weeks on end. I could at least be getting 4.25% in the 30 day. A LOT of GBBA buying for me today. Busiest day ever I think. It could be due to a drop in the QAA resulting in it releasing loans, or a release of loan parts which were bought by QAA swept funds hence the drop. AC definitely has nuances. Anyway, my average interest rate across AC is over a percentage point up from QAA cash getting invested in GBBA. did you have a similar day? Yes, I had a large amount of GBBA queuing money invested. Also in the Green account. Was more than happy to finally have the money put to work. Just a shame it doesn't happen more often.
|
|
happy
Member of DD Central
Posts: 397
Likes: 497
|
GBBA
Feb 10, 2017 16:48:46 GMT
Post by happy on Feb 10, 2017 16:48:46 GMT
Here is a funny thing that happened with my GBBA yesterday: it randomly sold over £30 of its £90 holding in #379 B*****w***r P******y D**********s Ltd and at the same time my MLIA purchased almost £50 of the same loan. I had £200 queued to invest in my GBBA at the time. I took a look at the loans list and there is currently over £20k of #379 for sale.
So my questions are:
1. Why should my GBBA sell out some of it's holding on a loan when money is queued to invest in the GBBA?
2. Does the GBBA know something about #379 that I don't ?
I will certainly be keeping a close eye on this loan from now on.
EDIT - My GBBA has now dumped all it's remaining holding in #379 despite there still being money queued to invest so has this loan become ineligible for the GBBA for some reason?
|
|
jonah
Member of DD Central
Posts: 2,031
Likes: 1,113
|
GBBA
Feb 10, 2017 20:09:38 GMT
Post by jonah on Feb 10, 2017 20:09:38 GMT
happy my GBBA has offloaded chunks of 379 yesterday and today. I haven't done a tally but suspect it may have shifted the lot. my GBBA was 100% invested... now a mere 99%.
|
|
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
|
Post by ilmoro on Feb 10, 2017 20:22:55 GMT
happy jonah Its not GBBA eligible becuase its below 9% rate. There is an answer to a Q on another loan stating that GBBA loans need to be over 9% to be eligible not sure if this is a change or nobody noticed the rate when making it GBBa eligible Edit loan was #281
|
|
happy
Member of DD Central
Posts: 397
Likes: 497
|
GBBA
Feb 11, 2017 1:32:14 GMT
Post by happy on Feb 11, 2017 1:32:14 GMT
happy jonah Its not GBBA eligible becuase its below 9% rate. There is an answer to a Q on another loan stating that GBBA loans need to be over 9% to be eligible not sure if this is a change or nobody noticed the rate when making it GBBa eligible Edit loan was #281 Thanks for the info jonah, ilmoro, If it is the case that GBBA loans must be >= 9% then my GBBA currently has holdings in 9 loans that are not GBBA eligible: @8% = #391,#381,#333, #322, #312 @8.5% = #287, #413, #313 @8.6% = #251 These loans represent almost 25% of my GBBA holding. On the basis that we now get little direct response from AC on this forum since (IMHO) they were scared away by an over zealous poster I will email CS on Monday and post the response back here for all.
|
|
warn
Member of DD Central
Curmudgeon
Posts: 638
Likes: 659
|
GBBA
Feb 15, 2017 11:58:25 GMT
Post by warn on Feb 15, 2017 11:58:25 GMT
Couple of questions for all you cognoscenti out there:
i) Is this 9% requirement for eligibility documented anywhere on the website (other than the Q&A referred to), and
ii) Does the same condition apply to the GEIA?
(Edit: should add - have looked, haven't found.)
|
|
jonah
Member of DD Central
Posts: 2,031
Likes: 1,113
|
GBBA
Feb 15, 2017 19:57:25 GMT
Post by jonah on Feb 15, 2017 19:57:25 GMT
Couple of questions for all you cognoscenti out there: i) Is this 9% requirement for eligibility documented anywhere on the website (other than the Q&A referred to), and ii) Does the same condition apply to the GEIA? (Edit: should add - have looked, haven't found.) As far as I know, no and no idea. pretty sure I have some 8% loans in my Geia though.
|
|
bb74
Posts: 7
Likes: 2
|
GBBA
Mar 18, 2017 23:18:55 GMT
Post by bb74 on Mar 18, 2017 23:18:55 GMT
I've withdrew the majority of my cash from AC now but there's still an annoying £1.93 sitting in the GBBA waiting to be withdrawn. It's been like this for weeks. Any ideas why? I'm assuming it's maybe a default but it's difficult to pinpoint.
|
|
jonah
Member of DD Central
Posts: 2,031
Likes: 1,113
|
GBBA
Mar 19, 2017 11:53:08 GMT
Post by jonah on Mar 19, 2017 11:53:08 GMT
6.47% for me (well the wife's account actually) over 19 months. 3.3% of total amount invested in 'distressed' loans last time I checked. This is only a small account, sub £10K. 5.767% XIRR for me. However the account whilst 1.5 years old, has had the majority of its deposits in the last 6 months. One which I will keep an eye on though.
|
|
mikes1531
Member of DD Central
Posts: 6,453
Likes: 2,320
|
GBBA
Mar 22, 2017 22:50:19 GMT
Post by mikes1531 on Mar 22, 2017 22:50:19 GMT
Thanks for the info jonah , ilmoro , If it is the case that GBBA loans must be >= 9% then my GBBA currently has holdings in 9 loans that are not GBBA eligible: @8% = #391,#381,#333, #322, #312 @8.5% = #287, #413, #313 @8.6% = #251 These loans represent almost 25% of my GBBA holding. On the basis that we now get little direct response from AC on this forum since (IMHO) they were scared away by an over zealous poster I will email CS on Monday and post the response back here for all. : Did you ever receive a response from AC?
|
|
jonah
Member of DD Central
Posts: 2,031
Likes: 1,113
|
GBBA
Mar 23, 2017 5:57:31 GMT
chris likes this
Post by jonah on Mar 23, 2017 5:57:31 GMT
Given most of the recent Geia loans have been 8% ones, and a sizeable chunk of my GBBA is on 8%, I would suggest that the rules are a little more complex than a fixed percentage. From memory, I think that chris previously commented on a specific loan which was 8% but LTV was too high so wasn't GBBA applicable, so I would suspect that the percentage yield, LTV and potentially some internal 'risk of default ' metric may be the criteria used for eligibility. |
|
happy
Member of DD Central
Posts: 397
Likes: 497
|
GBBA
Mar 23, 2017 6:50:30 GMT
Post by happy on Mar 23, 2017 6:50:30 GMT
My apologies, I forgot to post back, I had an answer of sorts from Dominic which debunked the 9% GBBA qualification criteria, obviously "fake news", but does not explain why it happened on #379 in this instance. I was promised a further update after they investigated further, still waiting for this and will post it here when I do. Full reply below:
At the present time I cannot see any reason or change in the loan that would make this happen or cause it to happen on any other loans in the future.
Therefore I will be conducting a thorough investigation into why this has happened. This will involve communicating with the relevant areas of responsibility to gather all the pertinent facts. I have identified the key staff that will be able to investigate and provide the information required in order to formulate a full response.
Once I have completed this, I will write to you again with an update on progress
|
|
