My Bondmason results after exit - yield is mediocre

Total write offs to date are 0.37%.

5.2% of all loans go into the definition of Watch list or Default.

So, if you have a loan in default, the expected loss percentage of those loans, on average, is 7%. Or, put the other way, the expected recovery from loans in default is 93% (this excludes any interest which may be received on top).

Recovery varies a lot by loan type:
- property backed loans that have gone into default have had 100% recovery to date
- recovery for invoice discounting and corporate loans is lower - closer to 75%.

Finally, if you have a smaller amount invested (and are paying a 1.5% fee) then your net return after losses (after 12 months) should be 6.5%; with losses at 0.37%, or 5-6% of your return.

As discussed elsewhere, we would prefer that everyone gets the average, but this isn't currently possible under the current structure.

We are exploring ways to introduce a sister product which is simpler and has more certainty over the return.