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Post by msa on Apr 18, 2017 8:02:15 GMT
This'd tie in with Assetz needing to pull people in with a 0.5% premium. There has been a net deposit of cash onto AC every week for the past 20 weeks (at least, that's as far back as I looked). So there's no mass withdrawal of cash to cover just growth plans. what is the explanation then for this surge of secondary market availability if not an institutional or HNW investor pulling money out?
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Post by chris on Apr 18, 2017 12:40:29 GMT
There has been a net deposit of cash onto AC every week for the past 20 weeks (at least, that's as far back as I looked). So there's no mass withdrawal of cash to cover just growth plans. what is the explanation then for this surge of secondary market availability if not an institutional or HNW investor pulling money out? Haven't looked into it, but at a guess it would be various larger holders of loan units (such as the access accounts) rebalancing their holdings due to increased deal flow coming through.
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mikes1531
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Post by mikes1531 on Apr 18, 2017 12:52:04 GMT
chris what is the explanation then for this surge of secondary market availability if not an institutional or HNW investor pulling money out? Haven't looked into it, but at a guess it would be various larger holders of loan units (such as the access accounts) rebalancing their holdings due to increased deal flow coming through. How about this possible explanation... Investment levels are going up, but the portfolio size is increasing at an even faster rate. i.e. new loans are being added to the platform faster than funds are (via deposits and loan repayments). The offer of higher interest on new 30DAA funds is an indication to me that AC are trying to encourage more investment in the platform. ISTM that it should be pretty obvious that a platform can't really grow their loan book without a corresponding increase in investors' funds.
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Post by chris on Apr 18, 2017 13:17:21 GMT
The offer of higher interest on new 30DAA funds is an indication to me that AC are trying to encourage more investment in the platform. ISTM that it should be pretty obvious that a platform can't really grow their loan book without a corresponding increase in investors' funds. That much is certainly true. The 30DAA promotion is part of a longer term strategy to bring in more lenders and more lender funds so that we can continue to accelerate the growth of the loan book.
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gibmike
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Post by gibmike on Apr 18, 2017 16:30:38 GMT
I remember last April (2016) and managing to buy into a good 30-40 loans of good % then by August/September time (I think) we were running on fumes.
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Post by df on Apr 19, 2017 0:44:58 GMT
The offer of higher interest on new 30DAA funds is an indication to me that AC are trying to encourage more investment in the platform. ISTM that it should be pretty obvious that a platform can't really grow their loan book without a corresponding increase in investors' funds. That much is certainly true. The 30DAA promotion is part of a longer term strategy to bring in more lenders and more lender funds so that we can continue to accelerate the growth of the loan book. This promotion worked for me. I've re-balanced my lower rate p2p allocation by relocating a third of my RS funds to AC on that day. A drop in the ocean, but I'm sure this promotion will attract substantial funds from the existing and new customers. I won't be surprised if many "rejects" from BM will relocate their funds to AC if Great and Green accounts keep offering 7% covered by PF.
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nush
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Post by nush on Apr 19, 2017 9:22:10 GMT
That much is certainly true. The 30DAA promotion is part of a longer term strategy to bring in more lenders and more lender funds so that we can continue to accelerate the growth of the loan book. This promotion worked for me. I've re-balanced my lower rate p2p allocation by relocating a third of my RS funds to AC on that day. A drop in the ocean, but I'm sure this promotion will attract substantial funds from the existing and new customers. I won't be surprised if many "rejects" from BM will relocate their funds to AC if Great and Green accounts keep offering 7% covered by PF. if i wasn't at my platform limit with AC then the 7% accounts would have gained my cash. i just wish i was brave enough to go for it and add more funds.
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Post by chielamangus on Jul 15, 2017 9:03:54 GMT
Large number of loans available on SM but none to buy apparently over the past 12 hours. Has the algorithm been put to sleep for a while, chris ? My buy orders on loans with availability just sit there, and (from the MLIA report) nothing is happening. |
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Post by chris on Jul 15, 2017 9:16:59 GMT
Large number of loans available on SM but none to buy apparently over the past 12 hours. Has the algorithm been put to sleep for a while, chris ? My buy orders on loans with availability just sit there, and (from the MLIA report) nothing is happening. Just given it a kick in case. That part of the system is due a rewrite in a couple of months so I'll be looking to improve it in various ways.
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gibmike
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Post by gibmike on Jul 15, 2017 11:32:38 GMT
Could this also be the reason for interest payment issue?
Yesterday and today I have noticed missing accrued interest.
Mike
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skippyonspeed
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Post by skippyonspeed on Jul 15, 2017 11:35:11 GMT
Large number of loans available on SM but none to buy apparently over the past 12 hours. Has the algorithm been put to sleep for a while, chris ? My buy orders on loans with availability just sit there, and (from the MLIA report) nothing is happening. Just given it a kick in case. That part of the system is due a rewrite in a couple of months so I'll be looking to improve it in various ways. I think it might need rewinding, the overnight interest is still dribbling in!!
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Post by chris on Jul 15, 2017 11:45:52 GMT
Could this also be the reason for interest payment issue? Yesterday and today I have noticed missing accrued interest. Mike Yes, the same process calculates accrued interest so if it stalls for whatever reason then both processes fail.
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skippyonspeed
Some people think I'm a little bit crazy, but I know my mind's not hazy
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Post by skippyonspeed on Jul 15, 2017 15:32:56 GMT
Could this also be the reason for interest payment issue? Yesterday and today I have noticed missing accrued interest. Mike Yes, the same process calculates accrued interest so if it stalls for whatever reason then both processes fail. It might be coincidental, but the system appears to get slower every time AC launch new accounts.
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gibmike
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Post by gibmike on Jul 15, 2017 19:40:51 GMT
Yes, the same process calculates accrued interest so if it stalls for whatever reason then both processes fail. It might be coincidental, but the system appears to get slower every time AC launch new accounts. Thanks Chris.
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Post by crabbyoldgit on Jul 15, 2017 20:52:06 GMT
shh, if reducing the number of accounts improves the site , goodby mlia , beware what you wish least it comes true!
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