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Post by kristjan on Dec 27, 2017 9:06:17 GMT
Is the platform still alive? No statistics posted since Jan, couldn't find anything also on website My apologies! We're active and growing fast in the UK and somewhat slower in Estonia. I'll bring back the updates.
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Post by kristjan on Jan 8, 2018 7:48:45 GMT
Based on current indications from our customers, we expect another jump in volume in the UK. Investors who would like to increase their portfolio are encouraged to deposit funds straight away so they can take part in the auctions. UK volumes are expected to eclipse Estonian volumes in the first half of the year. Last month we closed the case on two defaulted invoices - one in Estonia (penalties still due) and another one in the UK (fully recovered). We continue to work on improving the collection processes. We're in the final rounds of hiring an in-house legal expert to help speed collection procedures along. Currently there is still one outstanding default in the UK, we are receiving weekly/biweekly partial payments and expect the debt to be cleared in the first quarter. A full recovery there would also mean a perfect recovery score for defaulted invoices in the UK. Invoice discounting (United Kingdom)
- month volume: £389,000
- historical annualised return: 12.61%
- average duration: 39 days
- overdue rate*: 0.00%
- default rate*: 1.51%
- recovered: 88.7%
- writeoffs: 0.00%
Invoice discounting (Estonia)
- month volume: €868,000
- historical annualised return: 11.19%
- average duration: 35 days
- overdue rate*: 2.01%
- default rate*: 1.60%
- recovered: 18.2%
- writeoffs: 0.00%
* When an invoice is fully or partially overdue more than 45 days, the outstanding amount is counted as overdue. If more than 120 days have passed since the payment date, the outstanding amount is counted as defaulted. If a defaulted invoice is paid, it is considered recovered 100% (the rest will be written off if the collection is deemed unlikely).
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Post by kristjan on Feb 5, 2018 11:46:02 GMT
Invoice discounting (United Kingdom)- month volume: £516,000
- historical annualised return: 12.77%
- average duration: 40 days
- overdue rate*: 0.00%
- default rate*: 1.32%
out of that**: - recovered: 90.60%
- written off: 0.01%
Invoice discounting (Estonia)- month volume: €890,000
- historical annualised return: 10.40%
- average duration: 35 days
- overdue rate*: 0.43%
- default rate*: 3.37%
out of that**: - recovered: 10.20%
- written off: 0.00%
* When an invoice is fully or partially overdue more than 45 days, the outstanding amount is counted as overdue. If more than 120 days have passed since the payment date, the outstanding amount is counted as defaulted. The share of defaulted invoices that have been repaid are marked recovered. Debts that cannot be recovered are written off. **Amounts that are not yet recovered or written off are being collected on.
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Post by kristjan on Apr 9, 2018 8:12:59 GMT
February Invoice discounting (United Kingdom) - month volume: £588,000
- historical annualised return: 12.80%
- average duration: 39 days
- overdue rate*: 0.04%
- default rate*: 1.16%
out of that**:
- recovered: 90.60%
- written off: 0.01%
Invoice discounting (Estonia) - month volume: €967,000
- historical annualised return: 10.40%
- average duration: 35 days
- overdue rate*: 0.60%
- default rate*: 3.18%
out of that**: - recovered: 10.40%
- written off: 0.00%
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Post by kristjan on Apr 9, 2018 8:14:00 GMT
March Invoice discounting (United Kingdom) - month volume: £596,000
- historical annualised return: 12.69%
- average duration: 40 days
- overdue rate*: 0.25%
- default rate*: 1.01%
out of that:
- recovered: 90.60%
- written off: 0.01%
- in collection: 9.40%
Invoice discounting (Estonia) - month volume: €1,031,000
- historical annualised return: 10.34%
- average duration: 35 days
- overdue rate*: 0.55%
- default rate*: 2.91%
out of that:
- recovered: 10.20%
- written off: 0.00%
- in collection: 89.80%
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Post by kristjan on Jun 7, 2018 12:27:47 GMT
APRIL 2018
Invoice discounting (United Kingdom) - month volume: £325,000
- historical annualised return: 12.46%
- average duration: 41 days
- overdue rate*: 0.57%
- default rate*: 0.96%
- out of that:
recovered: 90.60% written off: 0.01% in collection: 9.40%
Invoice discounting (Estonia) - month volume: €1,414,000
- historical annualised return: 10.31%
- average duration: 34 days
- overdue rate*: 0.28%
- default rate*: 3.23%
- out of that:
recovered: 12.30% written off: 0.00% in collection: 87.70%
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Post by kristjan on Jun 7, 2018 12:28:38 GMT
MAY 2018
Invoice discounting (United Kingdom) - month volume: £806,000
- historical annualised return: 12.10%
- average duration: 42 days
- overdue rate*: 0.89%
- default rate*: 0.89%
- out of that:
recovered: 87.10% written off: 0.01% in collection: 12.80%
Invoice discounting (Estonia) - month volume: €1,277,000
- historical annualised return: 9.86%
- average duration: 34 days
- overdue rate*: 0.14%
- default rate*: 3.20%
- out of that:
recovered: 14.40% written off: 0.04% in collection: 85.50%
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shimself
Member of DD Central
Posts: 2,560
Likes: 1,169
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Post by shimself on Nov 7, 2018 17:18:50 GMT
Can we have an update please.
Is the default rate the % of invoices or the % of money invested?
Given the default rate (€ 3.2ish%) is it unusual that I have lost money*? How many lenders have lost money?
*(interest earned 45, write off 23, >12months late 150, so losses are approx 4x interest earned assuming no more recovery)?
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