dApps
Posts: 91
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Post by dApps on Jan 17, 2019 12:34:11 GMT
As it now appears Lendy have started publicly (within individual emails at least) acknowledge that lender Capital has been lost, this is probably as good a time as any for them to address the long-standing issue (IMO) of a lack of meaningful performance statistics. I invite fellow forumites to suggest platforms which they feel meet their needs in showing those statistics, perhaps explaining why and adding comments on areas which might be improved. By all means point to more than one platform, cherry-picking the best bits from each one's stats page. Hopefully Lendy Support will pick up on some of the suggestions. It might also be nice to hear from Paul70 as to what analysis / display of performance is required (if any?) by way of meeting compliance requirements. (As a personal request I would ask that discussion be restricted to suggestions for good, meaningful displays of stats, rather than individual opinion on Lendy (or other platforms). Thx.) |
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Post by picanto on Jan 17, 2019 15:15:09 GMT
Which loan(s) have Lendy admitted to losing lenders capital? I haven't received an E-mail about this.
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sl75
Posts: 2,092 
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Post by sl75 on Jan 17, 2019 15:24:33 GMT
This doesn't go into details of exactly what was covered for each loan (e.g. capital and accrued interest, capital only, capital minus interest already paid), nor which loans were covered by the provision fund "early" (with the PF seeking to recover the full amount from the borrower or other parties later), vs which were covered only after all other recovery strategies had been fully exhausted (thus being on a fully cash basis for only the shortfall amount with no further recovery possible).
All loans NOT on that list have either had (at least) the capital repaid in full, or are still pursuing other recovery strategies; I note that the page also states they are "currently transitioning to an all cash based Provision Fund with a target date of mid 2019", which implies that going forwards the PF will only consider paying out when all other recovery strategies have been fully exhausted.
You can also access the full list of loans in each state (including "Repaid") and generate whatever statistics you require from that, whilst reminiscing about that superyacht!
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Godanubis
Member of DD Central
Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
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Post by Godanubis on Jan 17, 2019 16:37:57 GMT
This doesn't go into details of exactly what was covered for each loan (e.g. capital and accrued interest, capital only, capital minus interest already paid), nor which loans were covered by the provision fund "early" (with the PF seeking to recover the full amount from the borrower or other parties later), vs which were covered only after all other recovery strategies had been fully exhausted (thus being on a fully cash basis for only the shortfall amount with no further recovery possible).
All loans NOT on that list have either had (at least) the capital repaid in full, or are still pursuing other recovery strategies; I note that the page also states they are "currently transitioning to an all cash based Provision Fund with a target date of mid 2019", which implies that going forwards the PF will only consider paying out when all other recovery strategies have been fully exhausted.
You can also access the full list of loans in each state (including "Repaid") and generate whatever statistics you require from that, whilst reminiscing about that superyacht!
That is the problem with statistics it is the timeframe for each step and how to report. It is perfectly reasonable to expect losses to only be included once recovery attempts have ended or are too complicated or costly to warrant continued efforts. There are many that want defaults to count as losses (they do for tax purposes) no matter the expectation of ultimate recovery. Either way each would change the overall picture on a monthly basis only the completed statistics have any real weight in assessing performance. Quick resolutions are the best way to keep everyone happy 😊
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