Shares & Derivatives
P2P Loan & Invoice Financing Portfolio Update
By A Pen Quotes  •  September 12, 2016
Thought I should just upload a post on the status of my P2P loan and Invoice financing portfolio. It wasn’t all plain sailing as you can see. There are a number of loans in arrears. However, for some of these loans in arrears, the platforms have sent emails clarifying the reasons for the delay in payment.
  • Item 12 in Funding Societies portfolio (P2P loan / Unsecure loan): Clarification from platform on Aug 11, 2016
  1. The company has been very cooperative. Unlike other delinquent borrowers that just go missing, the construction company has proactively updated the platform which is a positive sign.
  2. Their late repayments are not out of industry norms. The company is waiting for payments from the Land Transport Authority (LTA) for their completed projects. Since LTA is a government agency, the counter-party risk of LTA defaulting on their payments to the company is not high.
  3. Based on submitted statements, the construction company does not have significant ...
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By A Pen Quotes
Hi, I am a typical guy born in 1976. You can call me ‘T’. Family: I have a lovely wife and 2 kids (a boy and a girl). To me, they are the best things that happened in my life. Work: I’m working full-time in the construction industry. Interests: I like to swim, draw and read up on financial articles. I have started a Youtube channel on sketches. Do check it out here.
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