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Post by scepticalinvestor on Mar 30, 2020 18:35:02 GMT
Ring them and ask, I find them always helpful. Anyone getting any joy with getting out of Access or Max yet or is it just 5 yr that is shifting?
If I'm not wrong, RS are still going through the Access RYI requests from the 10th.
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Post by RateSetter on Mar 30, 2020 18:40:33 GMT
Good evening everyone. Today's update is below - we have delivered £0.9m.
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Post by Deleted on Mar 30, 2020 19:00:31 GMT
Thank you for confirming where the queue is up to.
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jlend
Member of DD Central
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Post by jlend on Mar 30, 2020 19:05:13 GMT
Good evening everyone. Today's update is below - we have delivered £0.9m. Good work
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Post by oppsididitagain on Mar 30, 2020 19:45:22 GMT
We are currently delivering requests from the middle of the week commencing Monday 9 March.
Is this correct ??
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sussexlender
Member of DD Central
Cheat seeking missile
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Post by sussexlender on Mar 30, 2020 19:46:43 GMT
Ratesetters are proving to be the most informative and helpful P2P site on the market.
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Post by Deleted on Mar 30, 2020 19:55:30 GMT
We are currently delivering requests from the middle of the week commencing Monday 9 March.
Is this correct ?? Yes
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Post by scepticalinvestor on Mar 30, 2020 20:03:02 GMT
We are currently delivering requests from the middle of the week commencing Monday 9 March.
Is this correct ??
Thanks for the update RateSetter Any chance of letting on how big (in £££) the queue is? I'm only kidding. The amount of information you have released re: liquidity is top-class in comparison to your peers in the p2p industry.
Anyone with Access RYIs from the 11th got paid yet? Please do drop a note on this thread if you have or when you do. I might have missed it but haven't seen anything on this thread after the 10th for Access.
ICYMI, interesting new addition to the update "The vast majority of RateSetter investors continue to invest." which (unless I missed it) hasn't appeared in the previous updates.
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adrian77
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Post by adrian77 on Mar 30, 2020 20:28:06 GMT
Totally agree - most p2p seems to be amateur in the extreme.
I had money with *unding *ecure - complete and utter muppets but I think RS are extremely well run and professional.
I had a small amount of my funds released today. If I get the total over 10 days I will be happy - I had a small amount in *unding *ecure after trying to get 100% out - I expect 75-100% loss from their remaining zombie loan book
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Post by ruralres66 on Mar 30, 2020 20:46:01 GMT
www.p2pfinancenews.co.uk/2020/03/24/withdrawal-requests-slow-as-ratesetter-maintains-liquidity/March 24 2020 Withdrawal requests slow as RateSetter maintains liquidity Marc Shoffman Industry News, News, coronavirus, Ratesetter, Rhydian Lewis RateSetter has revealed that withdrawal requests peaked on 16 March amid the coronavirus outbreak and have fallen since. The peer-to-peer lender said it was maintaining liquidity for investors. It revealed in an update to investors that £4.7m was withdrawn from the platform between the 16 and 22 March, with £1m taken yesterday (23 March). (I was not told this or did I miss something?) The platform told investors on 13 March that withdrawal requests were taking longer than usual........
Just recheck RS notices- they have changed as of 30th.......
Following the outbreak of the coronavirus in the UK, we saw an increase in investment release requests in the week commencing Monday 9 March, fluctuating as external news developed. Requests peaked on Monday 16 March and have subsequently reduced substantially. The vast majority of RateSetter investors continue to invest. We are processing investment release requests on a chronological basis within our different markets. We are very sorry that the requests are not being processed at the same speed as usual but this is an abnormal period and we are grateful for your understanding. We have continued to deliver investor liquidity every day, taking into account supply and demand and loan portfolio stability for the benefit of all, and we have provided updates each day. In the week commencing Monday 16 March, we delivered £4.7m of liquidity to investors. In the week commencing Monday 23 March, we delivered £4.9m of liquidity to investors. This week to date we have delivered £0.9m of liquidity to investors.
Daily delivery numbers:
Monday 30th March: delivered £0.9m.....
That is 10- million is it not withdrawn?
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Post by Deleted on Mar 30, 2020 21:11:24 GMT
Anyone with Access RYIs from the 11th got paid yet? Please do drop a note on this thread if you have or when you do. I might have missed it but haven't seen anything on this thread after the 10th for Access.
I'm still waiting for a request made on 11th. Will post when it's received.
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Post by tom1 on Mar 31, 2020 8:25:12 GMT
www.p2pfinancenews.co.uk/2020/03/24/withdrawal-requests-slow-as-ratesetter-maintains-liquidity/March 24 2020 Withdrawal requests slow as RateSetter maintains liquidity Marc Shoffman Industry News, News, coronavirus, Ratesetter, Rhydian Lewis RateSetter has revealed that withdrawal requests peaked on 16 March amid the coronavirus outbreak and have fallen since. The peer-to-peer lender said it was maintaining liquidity for investors. It revealed in an update to investors that £4.7m was withdrawn from the platform between the 16 and 22 March, with £1m taken yesterday (23 March). (I was not told this or did I miss something?) The platform told investors on 13 March that withdrawal requests were taking longer than usual........
Just recheck RS notices- they have changed as of 30th.......
Following the outbreak of the coronavirus in the UK, we saw an increase in investment release requests in the week commencing Monday 9 March, fluctuating as external news developed. Requests peaked on Monday 16 March and have subsequently reduced substantially. The vast majority of RateSetter investors continue to invest. We are processing investment release requests on a chronological basis within our different markets. We are very sorry that the requests are not being processed at the same speed as usual but this is an abnormal period and we are grateful for your understanding. We have continued to deliver investor liquidity every day, taking into account supply and demand and loan portfolio stability for the benefit of all, and we have provided updates each day. In the week commencing Monday 16 March, we delivered £4.7m of liquidity to investors. In the week commencing Monday 23 March, we delivered £4.9m of liquidity to investors. This week to date we have delivered £0.9m of liquidity to investors.
Daily delivery numbers:
Monday 30th March: delivered £0.9m.....
That is 10- million is it not withdrawn?
I would not try to parse this article as it is a potentially confusing re-write of the Ratesetter notices. * RS has not revealed how much has been requested to be released under RYI since 9th March. * RS has not revealed how much is still waiting to be released. * RS has not revealed how much of the released money has been withdrawn into bank accounts (although one would assume that investors requesting releases are keen to withdraw as soon as the money appears in their holding account). I think that article is worded in a way that makes it too easy to misunderstand and think that you are being told more information than RS has released. Things you can say based on the released information from RS and the information from lenders helpfully posting in here: * As a result of requests to RYI made since 9th of March, at least £10.5m in loans on all market types have been transferred to new investors and the money released by this has been transferred to the the original investors' holding accounts. This is what it means for a loan to be "released". * In order for these requests to be released another lender has to match the request, so the total amount of money loaned out to borrowers by RS is not directly affected by this process. * The pausing or slowing of new loans by RS is an indirect effect of the process though. * There are still plenty of requests that have not yet been released. * For the non-Access market, requests seem to be proceeding faster, I don't know which exact date RS is now releasing requests from. * For the Access market, RS have said they are now releasing money for requests for the "middle of the week commencing 9th March". * Lenders here have suggested requests made on the 10th March have started being released. No-one has yet had a request made on 11th of March released. * All releases that have not been met are in a chronological queue (although there seem to be separate queues for each market type) and are processed in that order. I'm fairly sure all of the above is accurate - happy to be corrected.
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sussexlender
Member of DD Central
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Post by sussexlender on Mar 31, 2020 8:44:35 GMT
Good morning tom1
Thanks for a really helpful post. It is very encouraging that RS are keeping in contact with us.
Perhaps many investors seeking to RYI will find that the new FISA season should speed up the availability ?
Best wishes, SXLR
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Post by cinereus on Mar 31, 2020 9:25:39 GMT
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Post by jaycee on Mar 31, 2020 9:25:51 GMT
While I'm pleased for those of you getting your money back, it feels a bit upside down that money is easier/faster to release from the "5 year" market than from the so-called "Access" market! A bug from the change from "Rolling", I suppose.
Puzzled by the numbers in the article above - suggests most of the withdrawals from the week of 9-13 March should have been processed by now, doesn't seem that way. Ah well, I don't need it urgently, I just need it eventually.
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