beagle
Investor in ratesetter, funding circle, lendy (lesson learnt) and AC
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Post by beagle on Oct 7, 2020 13:56:21 GMT
Because why would they. Who are they pleasing Different markets for different loans. Technically it would not be worth it, so they wont do that. Moreover, 5 year moves fast so there is no benefit in engineers working on that. So you are simply speculating without any evidence? Perhaps the 5 year market moves quickly because RS have use funds from the A/P/M markets to buy them out to increase their own earnings. As RS won't confirm one way or another I have no evidence, but then neither do you have any evidence to the contrary. Jennifer it is clearly seperate markets. Therefore engineers need to recode contracts into each other. Therefore they won't as it is wasted money and time. They haven't leant through 5 year for ages so just allow them to expire. How is this difficult to comprehend
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Post by Badly Drawn Stickman on Oct 7, 2020 14:08:00 GMT
So you are simply speculating without any evidence? Perhaps the 5 year market moves quickly because RS have use funds from the A/P/M markets to buy them out to increase their own earnings. As RS won't confirm one way or another I have no evidence, but then neither do you have any evidence to the contrary. Jennifer it is clearly seperate markets. Therefore engineers need to recode contracts into each other. Therefore they won't as it is wasted money and time. They haven't leant through 5 year for ages so just allow them to expire. How is this difficult to comprehend I am fairly sure there is an element of overlapping, as in parts of '5 year' loans being in the access market. However this seems to be more of a 'last word' competition than genuine interest in reality, so I will let you both get back to it.
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macq
Member of DD Central
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Post by macq on Oct 7, 2020 14:39:57 GMT
Jennifer it is clearly seperate markets. Therefore engineers need to recode contracts into each other. Therefore they won't as it is wasted money and time. They haven't leant through 5 year for ages so just allow them to expire. How is this difficult to comprehend I am fairly sure there is an element of overlapping, as in parts of '5 year' loans being in the access market. However this seems to be more of a 'last word' competition than genuine interest in reality, so I will let you both get back to it. Maybe in a "last word competition" we should just accept the winner will be RS - or this could become longer then the Covid thread
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robski
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Post by robski on Oct 7, 2020 14:55:52 GMT
It depends how much certainty you want, if your only happy to accept a statement from RS then your not going to agree withe the below.
What we did was check the balances on the markets once the daily customer repayments seemed to have been processed
We worked out that RYIs did not show in the borrowers queue, those were genuine new loans (this was verified by seeing the lending on the stats page go up when the borrowers figure dropped significantly)
When we compared the lenders queue and the borrowers queue we saw the following behaviour most days
APM Borrowers and lenders both moved to the amount that matched new lending pretty closely 1 Year, not followed but not much seemed to happen on here most days 5 Year, the movement in lenders (note no borrower for RYI) seemed to match pretty closely to the amount RS would then post later that day as being released
So yes its possible small amounst could have been moved in effect between 5 year and APM, but the analysis above gave a high confidence that 5 year RYIs were simply being processed against the 5 year lenders funds
Days when there seemed to be a bit more on the APM than was likely to be needed for new lending you did seem to get some movement in APM
Plus of course the lenders on APM feel more flighty than 5 year. So if you have 90% of lenders on APM wanting their money, and 10% on 5 year the ratios lead to a massive difference in the speed APM would have funds available for RYI compared to 5 year. Of course most lenders looking to withdraw are not reinvesting, I am pretty certain that most of the funds for RYI are repayments and interest, so people loking to withdraw wont be funding others RYIs
I am sure if anyone wants to see the above in action they could replicate the process. For me it became pretty clear cut thats what was happening and we stopped monitoring it. If you look back I a few times predicted what RS would say at the end of the day based on that logic and was correct
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beagle
Investor in ratesetter, funding circle, lendy (lesson learnt) and AC
Posts: 670
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Post by beagle on Oct 7, 2020 15:36:22 GMT
Jennifer it is clearly seperate markets. Therefore engineers need to recode contracts into each other. Therefore they won't as it is wasted money and time. They haven't leant through 5 year for ages so just allow them to expire. How is this difficult to comprehend More speculation. No evidence. Basically in your eyes Ratesetter lie about everything.
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Post by RateSetter on Oct 7, 2020 15:54:14 GMT
Good afternoon. Today we have delivered £0.5m. The full update is below:
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Post by Badly Drawn Stickman on Oct 7, 2020 15:56:06 GMT
I am fairly sure there is an element of overlapping, as in parts of '5 year' loans being in the access market. However this seems to be more of a 'last word' competition than genuine interest in reality, so I will let you both get back to it. Maybe in a "last word competition" we should just accept the winner will be RS - or this could become longer then the Covid thread How is the Covid thread going? Hard to believe so many posts have not come up with a cure. Even on the monkeys and typewriter theory.
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Greenwood2
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Post by Greenwood2 on Oct 7, 2020 16:22:22 GMT
Maybe in a "last word competition" we should just accept the winner will be RS - or this could become longer then the Covid thread How is the Covid thread going? Hard to believe so many posts have not come up with a cure. Even on the monkeys and typewriter theory. We all just have to be as manly as Donald and we'll be fine.
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beagle
Investor in ratesetter, funding circle, lendy (lesson learnt) and AC
Posts: 670
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Post by beagle on Oct 7, 2020 16:50:18 GMT
Basically in your eyes Ratesetter lie about everything. Absolutely not. My complaint is simply their lack of transparency. This is evident as you have to resort to speculation. haha you make me laugh.
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macq
Member of DD Central
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Post by macq on Oct 7, 2020 17:48:06 GMT
How is the Covid thread going? Hard to believe so many posts have not come up with a cure. Even on the monkeys and typewriter theory. We all just have to be as manly as Donald and we'll be fine. Should that be a D and not an N in manly?
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Post by RateSetter on Oct 8, 2020 15:58:57 GMT
Good afternoon. Today we have delivered £0.1m and the full update is below:
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adrian77
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Post by adrian77 on Oct 8, 2020 16:50:27 GMT
Pathetic!
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robski
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Post by robski on Oct 8, 2020 16:57:01 GMT
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iRobot
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Post by iRobot on Oct 8, 2020 17:00:24 GMT
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Post by Badly Drawn Stickman on Oct 8, 2020 17:22:16 GMT
I haven't looked recently prior to a quick check just now but it could well be a bumper day for 5 year on Monday, if there are no new loans or serious withdrawals before then. Decisions, decisions...........
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