littleoldlady
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Running down all platforms due to age
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Post by littleoldlady on Aug 24, 2017 18:26:48 GMT
'Available Funds' are shown to 3 decimal places. The problem is that £12.345 looks awfully like £12,345. I asked PL to show it rounded to 2 decimal places but they said "we took the decision to move from two to three decimal places so clients can see exactly what they have available to invest and withdraw."
Would you like to see 2 or 3 decimal places?
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shimself
Member of DD Central
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Post by shimself on Aug 25, 2017 9:43:10 GMT
'Available Funds' are shown to 3 decimal places. The problem is that £12.345 looks awfully like £12,345. I asked PL to show it rounded to 2 decimal places but they said "we took the decision to move from two to three decimal places so clients can see exactly what they have available to invest and withdraw."Would you like to see 2 or 3 decimal places? 2places and rounded down (so I don't get insufficient funds silliness , as per ABL for ages)
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mikeh
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Post by mikeh on Aug 25, 2017 10:22:30 GMT
'Available Funds' are shown to 3 decimal places. The problem is that £12.345 looks awfully like £12,345. I asked PL to show it rounded to 2 decimal places but they said "we took the decision to move from two to three decimal places so clients can see exactly what they have available to invest and withdraw."Would you like to see 2 or 3 decimal places? Did they explain how you can withdraw £12.345? Any balance or transaction amount to more than 2 decimals is absolute nonsense and creates far more problems than it solves.
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Post by proplend on Aug 25, 2017 10:37:12 GMT
'Available Funds' are shown to 3 decimal places. The problem is that £12.345 looks awfully like £12,345. I asked PL to show it rounded to 2 decimal places but they said "we took the decision to move from two to three decimal places so clients can see exactly what they have available to invest and withdraw."Would you like to see 2 or 3 decimal places? Did they explain how you can withdraw £12.345? Any balance or transaction amount to more than 2 decimals is absolute nonsense and creates far more problems than it solves. Yes we do explain at withdrawal that only whole pence can be withdrawn Mikeh. As the interest payments on loans are split between many Lenders, interest allocated often includes fractions of a penny. We are keen to display actual cash balances, not rounded down ones. Clearly fractions of a penny can’t be invested or withdrawn and if we rounded up (as we had been doing) then it can cause problems overstating the balance – hence the three decimal places. Thanks, Richard
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shimself
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Post by shimself on Aug 25, 2017 12:12:16 GMT
Did they explain how you can withdraw £12.345? Any balance or transaction amount to more than 2 decimals is absolute nonsense and creates far more problems than it solves. Yes we do explain at withdrawal that only whole pence can be withdrawn Mikeh. As the interest payments on loans are split between many Lenders, interest allocated often includes fractions of a penny. We are keen to display actual cash balances, not rounded down ones. Clearly fractions of a penny can’t be invested or withdrawn and if we rounded up (as we had been doing) then it can cause problems overstating the balance – hence the three decimal places. Thanks, Richard And if you rounded down then no problem. Very few people worry about hundredths of a penny
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Post by proplend on Aug 25, 2017 13:07:18 GMT
Yes we do explain at withdrawal that only whole pence can be withdrawn Mikeh. As the interest payments on loans are split between many Lenders, interest allocated often includes fractions of a penny. We are keen to display actual cash balances, not rounded down ones. Clearly fractions of a penny can’t be invested or withdrawn and if we rounded up (as we had been doing) then it can cause problems overstating the balance – hence the three decimal places. Thanks, Richard And if you rounded down then no problem. Very few people worry about hundredths of a penny We are looking at implementing a rounding down logic, it's just not there yet. Just to be clear with rounding down to 2dp, the fractions of a pence would still be on account (and accumulate over time), they just wouldn't be shown. Two decimal places rounded up caused problems as indicated above with Lenders thinking they had a fraction more on account to invest or withdraw than they actually did. Richard
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shimself
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Post by shimself on Aug 25, 2017 16:26:43 GMT
ABL did it, and someone else cannot remember who. The only way is down
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shimself
Member of DD Central
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Post by shimself on Aug 25, 2017 16:37:32 GMT
What AC do is have a a displayed figure to 2db £12345.67 but when you hover the mouse over it you see £12345.67890123456 But I can tell you AC get a lot of deserved flack for what everyone calls the shrapnel (not only this but femto amounts transacted, eg monthly interest on a holding of £0-01)
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