|
Post by Deleted on Jul 13, 2020 16:56:58 GMT
RateSetter, some people have RYIs still "processing" from dates before the ones you say you're up to in your announcements - what's going on please?
|
|
aju
Member of DD Central
Posts: 3,496
Likes: 923
|
Post by aju on Jul 13, 2020 17:17:50 GMT
RateSetter , some people have RYIs still "processing" from dates before the ones you say you're up to in your announcements - what's going on please? Did you send this as an eMail too, I'm not convinced Ratesetter will see this let alone answer that but I'm happy to be wrong. I'd send an eMail if it's one of yours. Just a thought, Finger crossed though!
|
|
sd2
Member of DD Central
Posts: 621
Likes: 224
|
Post by sd2 on Jul 14, 2020 10:49:00 GMT
Anyone who didn't grasp the fact there was no guarantee that any of the accounts were instant access is thick. Ratesetter constantly said they weren't. The word access is irrelevant. Only if it had the word instant in front of it could it be deemed a con and FCA wouldn't have allowed it. Grow up, if your money is stuck in the access queue (like mine) live with it. Move on whiners. It isn't politically correct to call someone thick. If you said that down at the Brown Cow you might well regret saying it. Not sure that political correctness or the brown cow is relevant to the whinging on this forum. I'm not whinging I am in the same boat as the whiners.
|
|
sd2
Member of DD Central
Posts: 621
Likes: 224
|
Post by sd2 on Jul 14, 2020 10:58:13 GMT
Sorry to steer this thread back on topic but has anyone else been tracking the number of requests in front of them? I was surprised to see mine change over the weekend, I assume as a result of people cancelling theirs but nonetheless, the average progress so far as been just 3.5 requests a day. Once I have a week or a month's worth of data I should have a more accurate picture of how they're progressing. Hopefully the next 5 days will bring that average up quite a bit! Friday 902 Monday 901..... how long before I get my money out? 901 days!! Today 881. Probably 902 had a very large amount invested. So to sum up no idea when access will pay me. As I am invested at 6.2% not going to cry over it. Well maybe a little!
|
|
|
Post by RateSetter on Jul 14, 2020 16:08:46 GMT
Good afternoon. Today we have delivered £0.5m and the full update follows below:
|
|
adrian77
Member of DD Central
Posts: 3,915
Likes: 4,141
|
Post by adrian77 on Jul 14, 2020 16:18:30 GMT
disappointing!
|
|
|
Post by svbinvest on Jul 14, 2020 16:54:22 GMT
Hi all,
Is my understanding correct that the platform is still not open to new investors. if so does any one understand why this wouldnt be, as surely this action limits liquidity? additionally with no new investors surely sooner or later the daily releases will drop down to 0. What happens in that case - presumably the inevitable haircut to our outstanding amounts? Do ppl feel this is likely. As an interim step they may increase the interest payment portion to the provision fund to 100%? Any thoughts welcome as a lot of ppl on here have a detailed understanding
|
|
aju
Member of DD Central
Posts: 3,496
Likes: 923
|
Post by aju on Jul 14, 2020 16:57:15 GMT
Just out of interest does anyone know how these RYI figures stack up against the weekly volumes. Over here I am tracking the RYI values relative to the weekly volumes reported by RS. For the current week I try to update it daily just after RS reports it (if I am still online) and take the current WkVol at the same time - I add the comment (Partial Values) for the current week. At present this week the weekly volume so far is 1.81m and the delivered RYI this week so far is 1.2m as reported above. So I wondered does anyone know if the weekly volumes include the delivered RYI values or not. So for instance last week the RS delivered 3.6m RYI and the weekly volume 6.69M. In simple terms I have assumed the RYI is part of the weekly volume and said that last week the RYI was 54% of the weekly volume. But this may not be right. I wonder what the mathematicians in us think about these numbers it may well be that hthe RYI released is on top of the reported volume figures which would make the percentage figures different. Any ideas on the best guess corrrelation gratefully received ...
|
|
chris1200
Member of DD Central
Posts: 827
Likes: 508
|
Post by chris1200 on Jul 14, 2020 16:58:12 GMT
Hi all, Is my understanding correct that the platform is still not open to new investors. if so does any one understand why this wouldnt be, as surely this action limits liquidity? additionally with no new investors surely sooner or later the daily releases will drop down to 0. What happens in that case - presumably the inevitable haircut to our outstanding amounts? Do ppl feel this is likely. As an interim step they may increase the interest payment portion to the provision fund to 100%? Any thoughts welcome as a lot of ppl on here have a detailed understanding See these recent threads: p2pindependentforum.com/thread/17526/new-investors-rs and p2pindependentforum.com/thread/17560/ratesetter-twitter-opening-new-investorsAs to what happens from here on, it's really hard to know as so much is due to sentiment driven by much broader phenomena than P2P. But yes, no new investors + a huge withdrawal queue is not exactly a recipe for success.
|
|
|
Post by svbinvest on Jul 14, 2020 17:03:00 GMT
thank you Chris
|
|
|
Post by stevepn on Jul 14, 2020 17:15:01 GMT
Hi all, Is my understanding correct that the platform is still not open to new investors. if so does any one understand why this wouldnt be, as surely this action limits liquidity? additionally with no new investors surely sooner or later the daily releases will drop down to 0. What happens in that case - presumably the inevitable haircut to our outstanding amounts? Do ppl feel this is likely. As an interim step they may increase the interest payment portion to the provision fund to 100%? Any thoughts welcome as a lot of ppl on here have a detailed understanding A lot of ppl on here have a detailed understanding and that is why they are acting like rats leaving a sinking ship, trying to get their money out before HMS Ratesetter sinks.
|
|
bernythedolt
Member of DD Central
Posts: 2,562
Likes: 2,316
Member is Online
|
Post by bernythedolt on Jul 15, 2020 0:59:59 GMT
Just out of interest does anyone know how these RYI figures stack up against the weekly volumes. Over here I am tracking the RYI values relative to the weekly volumes reported by RS. For the current week I try to update it daily just after RS reports it (if I am still online) and take the current WkVol at the same time - I add the comment (Partial Values) for the current week. At present this week the weekly volume so far is 1.81m and the delivered RYI this week so far is 1.2m as reported above. So I wondered does anyone know if the weekly volumes include the delivered RYI values or not. So for instance last week the RS delivered 3.6m RYI and the weekly volume 6.69M. In simple terms I have assumed the RYI is part of the weekly volume and said that last week the RYI was 54% of the weekly volume. But this may not be right. I wonder what the mathematicians in us think about these numbers it may well be that hthe RYI released is on top of the reported volume figures which would make the percentage figures different. Any ideas on the best guess corrrelation gratefully received ... These two weeks lifted from your own table illustrate this cannot be true... - In the week commencing 20 April, we delivered £4.5m of release requests Weekly Volume: 4.22m
- In the week commencing 13 April, we delivered £5.1m of release requests Weekly Volume: 3.39mSince (for these two weeks at least) the weekly volume is less than the RYI figure, the former clearly cannot include the latter. I assume the 'weekly volume' represents the total of new loans written up that week. If a relationship exists between that figure and the amount made available to RYI, I haven't managed to spot it! If anything, I would expect the sum of those two elements (not their difference, nor their relative proportions) to possibly exhibit a trend over time (perhaps reflecting RS's overall weekly income? I wouldn't really have a clue). There's also a potential time offset to consider: loans written up this week may not necessarily reflect this week's income, but income from two weeks previously, for example. Who knows how RS works, I sometimes wonder whether they do...
|
|
aju
Member of DD Central
Posts: 3,496
Likes: 923
|
Post by aju on Jul 15, 2020 7:19:49 GMT
Just out of interest does anyone know how these RYI figures stack up against the weekly volumes. Over here I am tracking the RYI values relative to the weekly volumes reported by RS. For the current week I try to update it daily just after RS reports it (if I am still online) and take the current WkVol at the same time - I add the comment (Partial Values) for the current week. At present this week the weekly volume so far is 1.81m and the delivered RYI this week so far is 1.2m as reported above. So I wondered does anyone know if the weekly volumes include the delivered RYI values or not. So for instance last week the RS delivered 3.6m RYI and the weekly volume 6.69M. In simple terms I have assumed the RYI is part of the weekly volume and said that last week the RYI was 54% of the weekly volume. But this may not be right. I wonder what the mathematicians in us think about these numbers it may well be that hthe RYI released is on top of the reported volume figures which would make the percentage figures different. Any ideas on the best guess corrrelation gratefully received ... These two weeks lifted from your own table illustrate this cannot be true... - In the week commencing 20 April, we delivered £4.5m of release requests Weekly Volume: 4.22m
- In the week commencing 13 April, we delivered £5.1m of release requests Weekly Volume: 3.39mSince (for these two weeks at least) the weekly volume is less than the RYI figure, the former clearly cannot include the latter. I assume the 'weekly volume' represents the total of new loans written up that week. If a relationship exists between that figure and the amount made available to RYI, I haven't managed to spot it! If anything, I would expect the sum of those two elements (not their difference, nor their relative proportions) to possibly exhibit a trend over time (perhaps reflecting RS's overall weekly income? I wouldn't really have a clue). There's also a potential time offset to consider: loans written up this week may not necessarily reflect this week's income, but income from two weeks previously, for example. Who knows how RS works, I sometimes wonder whether they do... Yes i discovered the anomaly as i was manually checking the theory on all. I decided to spreadsheet it to get quicker results. I've started add them and take the ryi as %age of this sum. I'm still not sure it gives much of use though. Thanks for your slant on things makes a lot of sense.
|
|
johnt
Investing in Ratesetter, Zopa and Assetz Capital since 2013
Posts: 127
Likes: 71
|
Post by johnt on Jul 15, 2020 8:06:01 GMT
Good afternoon. Today we have delivered £0.5m and the full update follows below: Delivered £0.5 million and yet the Access queue only moved by one place yesterday.... Wow!
|
|
chris1200
Member of DD Central
Posts: 827
Likes: 508
|
Post by chris1200 on Jul 15, 2020 8:12:40 GMT
Good afternoon. Today we have delivered £0.5m and the full update follows below: Delivered £0.5 million and yet the Access queue only moved by one place yesterday.... Wow! I was thinking the same. I guess we either have an investor or two with a v large amount (entirely possible), or - as others have suggested before - it could be that not all markets have RYIs processed every day and the 1 place was a cancellation. Or somewhere in between the two. That we're seeing these sorts of fluctuations doesn't surprise me, though.
|
|