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Post by chris on Jun 24, 2017 5:06:49 GMT
There's an update coming that will show your holdings in real time. All coded, holiday season got in the way of the release. Will this be supporting PSIA as well as GBBA and GEIA? All accounts
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Post by cyrilmadrid on Jul 2, 2017 22:15:33 GMT
Hello. Have you done a check of interest paid to your GBBA account ?
I was doing a very quick check, applying 7% annual rate to my GBBA balance and comparing that with interest received in June. I roughly found I got paid 66% of what I was expected.
Is that normal ?
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DeafEater
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Post by DeafEater on Jul 3, 2017 12:28:55 GMT
I also found that my GEIA (not GBBA) interest was about two thirds what I was expecting but I haven't had time to write to customer services about it yet.
I know there was a turbine loan in trouble which might be the cause of some of the drop but I find it hard to believe that a third of my portfolio was in that one loan. I suppose when we finally get a listing of what loans the account holds, it will be a more straightforward task to ascertain what's going on.
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niceguy37
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Post by niceguy37 on Jul 6, 2017 11:17:57 GMT
There's an update coming that will show your holdings in real time. All coded, holiday season got in the way of the release. It looks as though this has gone live. Thanks chrisI notice that looking at my account holdings in the GBBA, which is very nice, I select and view individual loans, but am surprised that I can create selling orders within the GBBA account for a particular loan.
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Post by chris on Jul 6, 2017 11:29:53 GMT
There's an update coming that will show your holdings in real time. All coded, holiday season got in the way of the release. It looks as though this has gone live. Thanks chris I notice that looking at my account holdings in the GBBA, which is very nice, I select and view individual loans, but am surprised that I can create selling orders within the GBBA account for a particular loan. Are you sure you're not looking at the MLIA controls whilst viewing the loan? They don't disappear if you have no MLIA holdings.
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SteveT
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Post by SteveT on Jul 6, 2017 11:30:08 GMT
There's an update coming that will show your holdings in real time. All coded, holiday season got in the way of the release. It looks as though this has gone live. Thanks chris I notice that looking at my account holdings in the GBBA, which is very nice, I select and view individual loans, but am surprised that I can create selling orders within the GBBA account for a particular loan. The order-placing box (even when accessed via the GBBA Loan Holdings page) appears to indicate that any order would apply to your MLIA account, not the GBBA (Crossed with chris)
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SteveT
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Post by SteveT on Jul 6, 2017 11:34:01 GMT
chris , now that GBBA / QAA / etc. holdings can be viewed, it seems odd that "Your Loans" still only displays MLIA holdings. Ideally it would show total holdings across all accounts, either with separate columns for each account or perhaps a "hover over" breakdown. Or else it needs re-naming "Your MLIA Loans" !
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niceguy37
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Post by niceguy37 on Jul 6, 2017 11:35:08 GMT
It looks as though this has gone live. Thanks chris I notice that looking at my account holdings in the GBBA, which is very nice, I select and view individual loans, but am surprised that I can create selling orders within the GBBA account for a particular loan. Are you sure you're not looking at the MLIA controls whilst viewing the loan? They don't disappear if you have no MLIA holdings. you are correct that the targets view from the GBBA are then set for the MLIA.
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ilmoro
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Post by ilmoro on Jul 6, 2017 15:20:47 GMT
Excellent. I can now see that despite having a GBBA balance of £0 and having a withdrawl request permanently in place I hold 0p in 10 loans (only one in default) I have absolutely no idea whether it is actually possible to completely withdraw all my zepto & yocto from the account (excluding default) but suspect it probably isnt until all the loans repay.
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n
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Post by n on Jul 6, 2017 15:32:44 GMT
Excellent. I can now see that despite having a GBBA balance of £0 and having a withdrawl request permanently in place I hold 0p in 10 loans (only one in default) I have absolutely no idea whether it is actually possible to completely withdraw all my zepto & yocto from the account (excluding default) but suspect it probably isnt until all the loans repay. You're lucky. I am holding 0p in 11 loans, and I don't think any are defaults. I reckon I should have received the whole of my 0p in 43 months (barring defaults).
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dave2
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Post by dave2 on Jul 7, 2017 8:52:51 GMT
chris , now that GBBA / QAA / etc. holdings can be viewed, it seems odd that "Your Loans" still only displays MLIA holdings. Ideally it would show total holdings across all accounts, either with separate columns for each account or perhaps a "hover over" breakdown. With additional breakdowns by the lenders percentage exposure to Business Nature, Geo Location, and Borrower Type, all illustrated by a multitude of pastel hued dynamic pie charts and maps. 
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r00lish67
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Post by r00lish67 on Jul 31, 2017 8:53:14 GMT
Coming back to the 'locked in funds' aspect, if anyone is interested, I recently set my GBBA holdings of circa £2200 to withdraw all. I had about £1900 returned within a day, and have now been left with the £300 remainder.
I can now see my loan holdings, which is a big improvement. It looks like only £0.47 of that is held up in 'trading suspended' loans, fortuitously. The remainder is all just in 2 loans in fact, loan 312 and 327 which I can see have big queues in the MLIA.
Although I think the net result appears to be a good one for me assuming those 2 loans eventually sell, I must say I didn't do enough research about this product.
I a) assumed it worked like Ratesetter, in that I couldn't have any money 'locked' up in troubled loans as I was covered by a provision fund (in 'normal' trading circumstances of course)
b) assumed that if I did want to withdraw, then I wouldn't be subject somehow to the individual demand for loans at the moment.
Both of these aren't true it seems, and both incorrect assumptions could have worked out a helluva lot worse for me I think. I didn't pay enough attention to the detail of the product, and I do wonder how many others think that they'll just be able to sell out of GBBA swiftly.
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n
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Yet another Nick
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Post by n on Jul 31, 2017 9:02:59 GMT
Coming back to the 'locked in funds' aspect, if anyone is interested, I recently set my GBBA holdings of circa £2200 to withdraw all. I had about £1900 returned within a day, and have now been left with the £300 remainder. I can now see my loan holdings, which is a big improvement. It looks like only £0.47 of that is held up in 'trading suspended' loans, fortuitously. The remainder is all just in 2 loans in fact, loan 312 and 327 which I can see have big queues in the MLIA. Although I think the net result appears to be a good one for me assuming those 2 loans eventually sell, I must say I didn't do enough research about this product. I a) assumed it worked like Ratesetter, in that I couldn't have any money 'locked' up in troubled loans as I was covered by a provision fund (in 'normal' trading circumstances of course) b) assumed that if I did want to withdraw, then I wouldn't be subject somehow to the individual demand for loans at the moment. Both of these aren't true it seems, and both incorrect assumptions could have worked out a helluva lot worse for me I think. I didn't pay enough attention to the detail of the product, and I do wonder how many others think that they'll just be able to sell out of GBBA swiftly. That's exactly what happened to me a couple of years ago. I too didn't read the fine print thoroughly enough or understand it's implications. My bad. Only in MLIA on 10%+ loans now while they last.
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jlend
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Post by jlend on Jul 31, 2017 13:44:30 GMT
Coming back to the 'locked in funds' aspect, if anyone is interested, I recently set my GBBA holdings of circa £2200 to withdraw all. I had about £1900 returned within a day, and have now been left with the £300 remainder. I can now see my loan holdings, which is a big improvement. It looks like only £0.47 of that is held up in 'trading suspended' loans, fortuitously. The remainder is all just in 2 loans in fact, loan 312 and 327 which I can see have big queues in the MLIA. Although I think the net result appears to be a good one for me assuming those 2 loans eventually sell, I must say I didn't do enough research about this product. I a) assumed it worked like Ratesetter, in that I couldn't have any money 'locked' up in troubled loans as I was covered by a provision fund (in 'normal' trading circumstances of course) b) assumed that if I did want to withdraw, then I wouldn't be subject somehow to the individual demand for loans at the moment. Both of these aren't true it seems, and both incorrect assumptions could have worked out a helluva lot worse for me I think. I didn't pay enough attention to the detail of the product, and I do wonder how many others think that they'll just be able to sell out of GBBA swiftly. That's exactly what happened to me a couple of years ago. I too didn't read the fine print thoroughly enough or understand it's implications. My bad. Only in MLIA on 10%+ loans now while they last. Interesting. I assumed the loans would get picked up by other people trying to invest money in the GBBA as I thought some people were having trouble getting their money lent out in the GBBA.
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n
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Post by n on Jul 31, 2017 13:58:43 GMT
That's exactly what happened to me a couple of years ago. I too didn't read the fine print thoroughly enough or understand it's implications. My bad. Only in MLIA on 10%+ loans now while they last. Interesting. I assumed the loans would get picked up by other people trying to invest money in the GBBA as I thought some people were having trouble getting their money lent out in the GBBA. Most of my holding was returned within a week or so, but there was £11 which was in a defaulted loan, and that stayed there for months until there was a recovery. The 'black box' is not allowed to deal in suspended loans, same as in MLIA. I think if you were trying to get invested in the GBBA and you found out that you had been sold suspended loans you would not be best pleased.
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