n
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Yet another Nick
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Post by n on Aug 7, 2017 15:34:43 GMT
My balance has just increased by a tiny bit, but in the transactions the balance was what I expected on 30 July and not what I expected after the last transaction on 31 July.
I don't buy & sell on a daily basis and like to keep my balance at a whole number of 100s, hence it sticks out like a saw thumb.
It is only pence so I don't really care but it would be interesting to know what changed.
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n
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Post by n on Aug 7, 2017 17:03:23 GMT
Do you have any loan parts in those two which recently saw an interest rate uplift? (edit: although they may have both been during August, not sure.) I can say off the top of my head that if they were less than 12% (which they were, and still are) then I have £1 in each. I would have to check deeper to see if that explains it. Will have a closer look tomorrow.
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jamesc
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Post by jamesc on Aug 7, 2017 17:13:14 GMT
My balance has just increased by a tiny bit, but in the transactions the balance was what I expected on 30 July and not what I expected after the last transaction on 31 July. I don't buy & sell on a daily basis and like to keep my balance at a whole number of 100s, hence it sticks out like a saw thumb. It is only pence so I don't really care but it would be interesting to know what changed. I had the same thing in my case it was interest on 089 that was repaid during the month.
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n
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Yet another Nick
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Post by n on Aug 7, 2017 17:20:33 GMT
My balance has just increased by a tiny bit, but in the transactions the balance was what I expected on 30 July and not what I expected after the last transaction on 31 July. I don't buy & sell on a daily basis and like to keep my balance at a whole number of 100s, hence it sticks out like a saw thumb. It is only pence so I don't really care but it would be interesting to know what changed. I had the same thing in my case it was interest on 089 that was repaid during the month. Not that because I made a withdrawal on 1 Aug leaving my balance tidy. Now it has an annoying 3p at the end!
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n
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Yet another Nick
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Post by n on Aug 8, 2017 7:26:14 GMT
I had the same thing in my case it was interest on 089 that was repaid during the month. Not that because I made a withdrawal on 1 Aug leaving my balance tidy. Now it has an annoying 3p at the end! I do beg your pardon jamesc - I think you are correct. The interest on my £1 holding is shown as 3p and is the next to last transaction on 31/7, the last being my £1 capital repayment of PBL112. I do wish there was a proper audit trail.
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twoheads
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Programming
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Post by twoheads on Aug 8, 2017 8:55:29 GMT
I do beg your pardon jamesc - I think you are correct. The interest on my £1 holding is shown as 3p and is the next to last transaction on 31/7, the last being my £1 capital repayment of PBL112. I do wish there was a proper audit trail. Yes... audit trail indeed.
And it's going to get worse because, on many loan parts, we currently have no way of finding out the 'total duration for sale'. This is needed in order to correctly calculate the total interest due. It is also not part of the downloaded data when you 'export to Excel' your loan parts.
In fact, we can only find out the total 'for sale' time for live loan parts which are not currently for sale: this can be done by going part way through the 'sell loan part' route. On the loan part details, the 'total duration for sale' is shown.
Even that information is insufficient to calculate next month's interest. In addition to the 'total duration for sale' we need to know either the 'total duration for sale' in this month or alternatively the total interest paid prior to this month (which we can find from our account history, but this would be time consuming). Then we can calculate the interest due this month. Lendy's system has enough information to calculate each month's interest. However, in the download 'export to Excel', insufficient information is present.
I have raised this issue in this post over a week ago (extract below).
In future, to calculate our expected interest, we will have to be able to see the amount of 'for sale' time accumulated on each loan part. And we will also have to know how much of that 'for sale' time applies to the current month and, if a loan is up for sale, the 'For sale' time should not include the current selling period, it should be incremented at the time the sale is cancelled. I will be taking up this issue with Lendy.
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