Post by dan1 on Oct 5, 2018 8:44:08 GMT
I've just been catching up with some old statements and noticed "Reserve Fund Payment" on my transaction list.
As far as I know the Reserve Fund can make discretionary payments to cover defaults and/or late payments. There have been no defaults on the platform to my knowledge so I assume these payments cover late payments from the borrower.
According to the Statistics page the rate of Actual Arrears (> 45 days) remains at 0.0% as it has done through the entire history of Landbay - pretty impressive. And the downloaded loan book shows 0 missed payments.
I assume the payments from the Reserve Fund are covering late payments but < 45 days late.
As far as I know the Reserve Fund can make discretionary payments to cover defaults and/or late payments. There have been no defaults on the platform to my knowledge so I assume these payments cover late payments from the borrower.
According to the Statistics page the rate of Actual Arrears (> 45 days) remains at 0.0% as it has done through the entire history of Landbay - pretty impressive. And the downloaded loan book shows 0 missed payments.
I assume the payments from the Reserve Fund are covering late payments but < 45 days late.