Account value - Account value is comprised of the following calculation: Available funds + Reserved funds + Outstanding principal - Overdue principal.
Net profit - Net profit is comprised of the following calculation: Account value - Deposits + Withdrawals.
Net return - We use the XIRR function (extended internal rate of return) to calculate the net return. XIRR uses the loan issue date and amount, loan actual repayment dates and amounts and sum of scheduled future principal repayments (this is assumed by us to equal the present value of the portfolio) to calculate the internal rate of return of your investment portfolio on Bondora. This approach writes off all overdue and unpaid principal and interest payments immediately from the calculation. No assumptions for future interest payments or loss provisions are made as this is expected to be covered within our approach to arriving at the present value of the portfolio.
Portfolio value - Total value of future payments expected from your loan portfolio based on your cash flow probability assumptions.
Available funds – The amount available for use at Bondora. This amount equals with the difference of balance and reserved amounts.
Overdue principal - The amount of principal payments overdue. The amount is calculated according to the loan schedule, as in which payments should have paid by today, not by the loan balance.
Yield to maturity - Average annualized net return of your portfolio assuming that you keep the portfolio until it matures and you do not make any new investments. Loans are not expected to make any repayments after the maturity date (everything is written off on maturity). The return is calculated using all historic payments and their dates. Future payments and their dates are taken into account using the adjusted probabilities in case you have updated the probability settings.
Deploy period (Portfolio Manager setting) - Number of weeks that you would like your available funds and incoming cash to be deployed.
Pending offers - Amount of active bids that are pending on the Primary Market. The cash is not reserved so you can withdraw the bids or use your cash in other ways. The cash will only be reserved when your bid is deemed successful and you have the necessary funds to acquire the loan."
Reserved funds - Your cash is reserved when you have made a bid, it has been successful and Bondora has started the process to assign the loan to you. This process can typically take up to 3 banking days. If the process takes longer than 3 banking days to complete then your offer shall be deemed to be void and funds released.
Spare Cash Balance (Portfolio Manager setting) - With the spare cash balance feature you can specify the amount of money your portfolio will keep on your account as available funds. For example if your current available balance is €0 and you have €10 000 invested with a bid size of €40 and set your spare cash balance to €1000 your portfolio manager will not reinvest until it has at least €1040 of available funds.
Current loans - Any loan (with color status green) that is being paid on time, in the proper amounts, according to the loan schedule. These loans carry no delinquencies.
Seasoned loans (Portfolio Manager setting) - By checking this box then Portfolio Manager will also buy loans from other investors through the Secondary Market. The Portfolio Manager will only buy loans that are not overdue during the time of the transaction and will make the transaction at a price equal or below the principal balance.
Automatic Bid Size (Portfolio Manager setting) - By checking this box then the bid size will be calculated by the Diversification and Deploy Period sliders.
Maximum investment per loan (Portfolio Manager setting) - The maximum investment size will override the automatic investment size calculated by Portfolio Manager. You can set it on your own to any amount as long as it is divisible by 5. For example 5, 25, 50, 105, 160 etc.