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Post by khampson on Feb 4, 2017 9:26:03 GMT
Hi has anyone on here ever had funds locked into the QAA or 30AA? I know it can happen but is anyone aware of this happening to date?
Thanks
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jonah
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Post by jonah on Feb 4, 2017 9:46:39 GMT
Hi has anyone on here ever had funds locked into the QAA or 30AA? I know it can happen but is anyone aware of this happening to date? Thanks Not happened to date as far as I'm aware.
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ablender
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Post by ablender on Feb 5, 2017 13:36:36 GMT
Hi has anyone on here ever had funds locked into the QAA or 30AA? I know it can happen but is anyone aware of this happening to date? Thanks Which scenarios can result in funds locked in QAA?
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SteveT
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Post by SteveT on Feb 5, 2017 13:45:22 GMT
Hi has anyone on here ever had funds locked into the QAA or 30AA? I know it can happen but is anyone aware of this happening to date? Thanks Which scenarios can result in funds locked in QAA? A torrent of withdrawal requests that overwhelm the liquidity of the account.
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sl75
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Post by sl75 on Feb 6, 2017 16:30:33 GMT
Which scenarios can result in funds locked in QAA? A torrent of withdrawal requests that overwhelm the liquidity of the account. ... or AC pre-emptively setting withdrawal limits in anticipation of such a torrent of withdrawal requests (when liquidity is merely thin, rather than having completely evaporated, so that all withdrawal requests within the new limit can be met in full). If introduced early enough, the withdrawal limits may, at least initially, be sufficiently high that most "normal" users don't consider them relevant at all. Other institutions that operate accounts with the appearance of instant liquidity but only a fractional cash reserve have at various times managed (or at least attempted to manage with varying success) such crises by limiting the amount that may be withdrawn in one day, so there's plenty of precedent.
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littleoldlady
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Running down all platforms due to age
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Post by littleoldlady on Feb 7, 2017 15:11:11 GMT
Hi has anyone on here ever had funds locked into the QAA or 30AA? I know it can happen but is anyone aware of this happening to date? Thanks Which scenarios can result in funds locked in QAA? Remember Northern Rock?
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daveb4
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Post by daveb4 on Feb 7, 2017 22:28:09 GMT
People taking cash out in march and April to fund ISA''s etc?
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mikes1531
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Post by mikes1531 on Feb 8, 2017 3:58:09 GMT
People taking cash out in march and April to fund ISA''s etc? That's an interesting thought. I wonder if AC will build up extra cash in the QAA as the end of the tax year approaches in order to prepare for this.
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daveb4
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Post by daveb4 on Feb 8, 2017 17:18:20 GMT
Last year numerous loans on manual account had cash available as people sold. Good opportunity to buy. Not sure will be the same this year as more cash around to suck up the surplus.
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