Lending accounts
Logged in > Lender Menu > MY LENDING ACCOUNT
If you click on each of the four blue AMOUNT links in the LENDING DASHBOARD as shown above, for NET FEES PAID OR TO BE PAID, OFFERED, PROCESSING and AVAILABLE TO LEND, then four pop-ups open, showing the drill-down detail, to complete the display as follows:
This shows the complete picture regarding your lending account. We will explain each entry in turn:
Under the heading ACCOUNT SUMMARY CURRENT:
TOTAL FUNDS is the total amount paid into the account in addition to any interest earned less any fees paid.
AVAILABLE TO BE LENT OUT is the total amount that has not been committed (lent out, offered, in processing or pending withdrawal) and is therefore available to be lent out.
Under the heading ACCOUNT SUMMARY HISTORIC:
TOTAL LENT OUT is the total amount that has been lent out, which may include the same money lent out a second or even a third time.
TOTAL PRINCIPAL REPAID is the total principal repaid, again that may include repayments of the same money re-lent a second or even a third time.
AVERAGE AER is the average AER that you have obtained on your total lending.
MY EARNINGS NET is the total amount of interest that you have earned less any fees paid plus any fees received for CIP.
The next panel going down the left hand side of the display is the panel showing the total sources of the funds and the next panel down beyond that shows the uses of those funds. These two panels represent a Sources and Uses of Funds account.
SOURCES OF FUNDS
DEPOSITS is the total of all deposits received in this holding account.
WITHDRAWALS is the total of all the withdrawals from this holding account.
ADJUSTMENTS is the total of all the adjustments that have been made on this holding account.
INTEREST RECEIVED is the total of all the interest received in this holding account.
NET FEES PAID OR TO BE PAID is the net total of all the paid and not yet deducted (NYD) from this holding account. The drill down pop-up panel details the individual parts of this amount.
BAD DEBT is the total of any bad debt that has occurred in lending.
BAD DEBT CS REIMBURSED is the total of any bad debt that has been reimbursed via the Compensation Scheme.
BD DEBT RECOVERED is the total of any bad debt that has been recovered.
TOTAL FUNDS is the total of all the above amounts under the Sources of Funds heading.
USES OF FUNDS
LENT OUT is the total of funds that are currently lent out.
OFFERED is the total of funds that are currently offered via bids and/or matches.
PROCESSING is the total of funds that are currently in "Processing" which is the period from the loan request being fully funded through to the loan being disbursed to the borrower.
The above three items also show the number of borrowers involved with the amounts lent out, offered and in processing.
AVAILABLE TO LEND is the total of funds that are currently available to lend out. That will also include any unlent amounts committed to lending in an Advanced Lender's lending portfolios.
LOCKED AMOUNT is the total of funds that are currently the subject of withdrawal requests pending.
TOTAL USES OF FUNDS is the total of all the funds under the Uses of Funds heading.
The following are the pop-ups showing the drill down details:
NET FEES PAID OR TO BE PAID
LENDING FLAT FEES PAID is the total of all the lending flat fees paid by this lending account.
LENDING % FEES PAID is the total of all the monthly lending percentage fees paid by this lending account.
LENDING % FEES NYD is the total of any monthly lending percentage fees accrued but not yet paid by this lending account.
CS FEES PAID is the total of any Compensation Scheme fees paid by this lending account.
CS FEES NYD is the total of any Compensation Scheme fees accrued but not yet paid by this lending account.
PAYMENT FEES PAID is the total of any Payment fees paid by this lending account.
CIP FEES RECEIVED is the total of any Change in Instalment Plan (CIP) fees received by this lending account.
ANY OTHER FEES PAID is the total of any other fees paid by this lending account.
TOTAL FEES (PAID OR TO BE PAID) is the net total of all the fees under the Net Fees Paid or to be Paid heading.
OFFERED
BIDDING is the total amount offered (or bid) via loan requests in the bidding market.
MATCHING is the total amount offered (or matched) via loan requests in the matching market.
FLEXIBLE is the total amount offered (or matched) via loan requests in the flexible loan market (coming later).
TOTAL OFFERED is the total amount offered via loan requests in the above markets.
PROCESSING
BIDDING is the total amount that is now in processing via loan requests in the bidding market.
MATCHING is the total amount that is now in processing via loan requests in the matching market.
FLEXIBLE is the total amount that is now in processing via loan requests in the flexible loan market (coming later).
TOTAL PROCESSING is the total amount that is now in processing via loan requests in the above markets.
AVAILABLE TO LEND
UNCOMMITTED is the total amount that is now in the holding account and remains uncommitted in terms of lending, offers, processing, withdrawals pending or allocation to lending portfolios.
PORTFOLIO NAME 1 is the total amount that is now available for lending within Portfolio Name 1. Will show the number of portfolios, up to five, that have been created by the lender.
PORTFOLIO NAME 2 is the total amount that is now available for lending within Portfolio Name 2.
PORTFOLIO NAME 3 is the total amount that is now available for lending within Portfolio Name 3.
PORTFOLIO NAME 4 is the total amount that is now available for lending within Portfolio Name 4.
PORTFOLIO NAME 5 is the total amount that is now available for lending within Portfolio Name 5.
TOTAL AVAILABLE is the total amount that is now available for lending from all the sources above.
On the same page, the following panels provide the totals and drill down audit trails of the fees accrued but not yet deducted - FEES NOT YET DEDUCTED, and fees paid - FEE DETAILS. Clicking the links "AUDIT TRAIL" opens the detailed audit trail the individual fee details and calculations.
Logged in > Lender Menu > MY LENDING BIDS
Each lending portfolio set up will feature in the Portfolio Report Statement. The following shows a lender's account with two lending portfolios, named aptly, "One" and "Two". The overall portfolio position is summarised as to progress and the amounts shown, Total, Offered, Processing, Lent, Not Lent, Average Rate and the market, B - Bidding, M - Matching, or BOTH for both Bidding and Matching.
Each portfolio report statement entry provides a "SHOW OFFERS" link.
When the "SHOW OFFERS" link is clicked the display shows in three sections by scrolling:
i) AMOUNT IN BIDS OR MATCHES
ii) AMOUNT IN PROCESSING
iii) AMOUNT LENT
and the link changes to "HIDE OFFERS".
Each section shows the individual loan offers or loan slices as shown below.
and the AMOUNT LENT section:
Logged in > Lender Menu > MY LOAN BOOK
The MY LOAN BOOK page starts with the LOAN BOOK SUMMARY showing the total number of loans made - NO OF LOANS, their average nominal rate - AVERAGE RATE, the total amount lent out - TOTAL LENT, the total principal that has been repaid - PRINCIPAL REPAID and the interest that has been paid on those loans - INTEREST PAID.
Following the summary there is a panel showing the Active Loans on which I am Lending as follows:
The above panel Active Loans on which I am Lending is shown in ascending date order, whereas the LOAN DETAILS panel as below is organised in descending date order.
By clicking on the Loan Request title link in the the Active Loans on which I am Lending panel above or by clicking the LOAN DETAILS link under the heading LOAN in the LOAN DETAILS panel, the LOAN SLICE DETAILS LENDER VIEW is shown.
The panel above shows the key details of the loan slice, including the LOAN STATUS. LOAN STATUS indicates if any repayments have been missed, for example, if one repayment has been missed, the LOAN STATUS changes from OK and becomes - LATE. Other STATUS posibilities are ARREARS, more than two repayments have been missed and DEFAULT, more than three repayments have been missed.
The CONTRACT link opens a window to show the Loan Agreement between borrower and lender.
The LOAN DETAILS panel, as shown below, again summarises the loan with a breakdown of the PRINCIPAL REPAID, INTEREST PAID and also shows any ARREARS.
The MY INSTALMENTS panel below shows the detail of the repayment instalments. In addition to LOAN STATUS there is the INSTALMENT STATUS showing the status of the individual repayment instalments, which may show "Paid", "Missed", "Part Paid" or "Paid Up", the latter being when a Missed or Part Paid repayment is received in full.
The PAYMENT PLAN panel below shows the individual repayments to be made, the due date of each repayment, and divides each repayment into principal amount repayment and interest amounts. You have to scroll the panel to see all the monthly repayments planned.
Finally, at the foot of the page is the LOAN ACCOUNT STATEMENT showing all the accounting and memorandum entries to account for the loan during its term.
