What do the statuses in the investment dashboard mean?

What do the statuses in the investment dashboard mean?

You may wish to find out the meaning of the statuses of your notes by locating the 'Click Here' link in the Investor dashboard.  
These statuses reflect the industry’s best practices similar to credit agencies and central banks such as MAS and HKMA.




Days Past Overdue

Status of Credit Facilities

Prompt

Current

More than 1 day but less than 30 Days

Late

More Than 30 Days

Past Due

More Than 120 Days

Doubtful

More Than 180 Days

Loss

More Than 360 Days

Closed Off


Current

Repayment is prompt. The credit facility does not exhibit potential weaknesses in repayment.

Late

Repayment is late for more than 1 day but within 30 days. The credit facility however does not exhibit potential weaknesses in repayment capability, business, cash flow or financial position of the issuer.

Past Due


The credit facility exhibits potential weaknesses that, may adversely affect repayment by the borrower at a future date, and warrant attention and monitoring.


Characteristics of “Past Due” credit facilities include the following:


(i)       Non receipt of scheduled instalment/repayment for more than 30 days but less than 120 days.


(ii)      Difficulty in reaching the Issuer (including Guarantor(s)), or demonstrated characteristics that may indicate their inability to repay.

Doubtful


The outstanding credit facility is more than 120 days but less than 180 days in arrears and exhibits signs that the prospect of full recovery of the outstanding credit facility is questionable and the prospect of a loss is high, but the exact amount remains undeterminable as yet.

Loss


The outstanding credit facility is not collectable, and little or nothing can be done to recover the outstanding amount from any collateral or from the borrower generally. Credit facilities past due for 180 days or more fall under this classification.

Closed Off

All avenues of recovery are exhausted with no future repayment expected and no further accrual of interests or late interests will be recorded.