|
|
Post by coolrunning on Nov 20, 2016 10:54:16 GMT
I am finding a number of apparent errors in my Investments dataset where the EAD1 value is greater that the Original amount I note these definitions: Definitions from www.bondora.com/en/public-reports#shared-legendAmount Amount the borrower received on the Primary Market. This is the principal balance of your purchase from Secondary Market EAD1 Exposure at default, outstanding principal at default e.g. in Loan 161268 from BOKK1A66, EAD1 is greater than the Amount. Is this due to: The loan outstanding principal of 21.99€ and ancillary claim of 1.68€ was rescheduled on 15/02/2015 with an interest rate of 25% p.a. Does the ancillary claim get added to the principal?
|
|
|
|
Post by rahafoorum on Nov 20, 2016 13:48:22 GMT
Feel free to call their phone line and ask for explanation.
My first guesses would be:
a) something's buggy (like it seems to be all the time nowadays)
b) the EAD1 actually also includes accrued interest
c) the amount for purchases actually shows your paid price, instead of the amount you purchased? although this would be the option a) anyways.
In theory the ancillary claim should be considered as principal after restructuring and afaik the law requires considering it as a repayment as well (might be wrong on this one), so you should pay taxes on this. However, I wouldn't be very confident that Bondora does this in this fashion, because those ancillary claims seem to be very often random and incorrect figures that get "corrected" in the end by write-offs.
|
|
