# Surveillance Report Data Presentation Guide By Percent - January 1, 2025 **Disclaimer:** As of February 2025, Percent has transitioned from using Annual Percentage Yield (APY) to Coupon Rate for all new investment opportunities. **Any references to APY in this post now correspond to Coupon Rate.** — **Surveillance Report Data Presentation Guide** This guide represents the data presentations found throughout all surveillance reports on the Percent platform. While some of the below views may not be available in all surveillance reports, they may get incorporated in the future upon any data modifications. ###### **_Outstanding Note Ticker(s)_** Ticker of the outstanding note. ###### **_Note Close Date_** Close date of the outstanding note. ###### **_Note Investment Term_** Investment Term (in months) of the outstanding note. ###### **_Initial Note Balance_** Initial outstanding note principal balance. ###### **_Outstanding Note Balance_** Total outstanding note principal balance due to the noteholders. ###### **_Outstanding Collateral Balance_** The outstanding principal balance of any loans and/or advances in the portfolio. (This is synonymous with “portfolio” or “outstanding funded amount” throughout the report and rest of the guide.) The outstanding collateral balance does not include any cash. ###### **_Participation Percentage_** Purchased percentage of the originator’s total existing portfolio. ###### **_Participated Outstanding Collateral Balance_** Outstanding Collateral Balance multiplied by Participation Percentage. (See above.) ###### **_Minimum Threshold Overcollateralization (OC)_** The minimum OC required level, which if breached, requires the originator to stop reinvesting cash flows from collateral received into new collateral. ###### **_Excess Threshold Overcollateralization (OC)_** The threshold OC level which, if exceeded, allows the originator to leak cash flows received from collateral back to the company up to the level that the Current OC remains above the Excess OC level after the leak. ###### **_Current Overcollateralization (OC)_** The current overcollateralization level. ###### **_Historical Overcollateralization (OC) Analysis_** Historical OC levels of the portfolio ###### **_Outstanding loans/advances (#)_** The number of outstanding loans and/or advances in the portfolio. ###### **_Outstanding secured loans/advances (# / $)_** The number and principal balance of secured outstanding loans and/or advances in the portfolio. ###### **_Outstanding unsecured loans/advances (# / $)_** The number and principal balance of unsecured outstanding loans and/or advances in the portfolio. ###### **_WA Original Term by Outstanding Principal_** The average original term of the outstanding portfolio, weighted by the outstanding principal balance. ###### **_WA MOIC by Outstanding Principal_** The average Multiple on Invested Capital (MOIC) of the outstanding portfolio, weighted by the outstanding principal balance. MOIC is representative of the return on invested capital as a multiple of the invested capital. ###### **_WA Interest Rate by Outstanding Principal_** The average interest rate of the outstanding portfolio, weighted by the outstanding principal balance. ###### **_WA Credit Score by Outstanding Principal_** The average credit score of the outstanding portfolio, weighted by the outstanding outstanding principal balance. ###### **_WA Original Term by Original Funded Amount_** The average original term of the outstanding portfolio, weighted by the original funded amount. ###### **_WA MOIC by Original Funded Amount_** The average Multiple on Invested Capital (MOIC) of the outstanding portfolio, weighted by the original funded amount. MOIC is representative of the return on invested capital as a multiple of the invested capital. ###### **_WA Interest Rate by Original Funded Amount_** The average interest rate of the outstanding portfolio, weighted by the original funded amount. ###### **_WA Credit Score by Original Funded Amount_** The average credit score of the outstanding portfolio, weighted by the original funded amount. ###### **_Original WA LTV_** The original average loan to value (LTV) of the secured assets in the outstanding portfolio, weighted by the outstanding principal balance. ###### **_Current WA LTV_** The average current loan to value (LTV) of the secured assets in the outstanding portfolio, weighted by the outstanding principal balance. ###### **_Paid off Advances ($)_** The total funded amount of loans and/or advances that have been repaid. ###### **_Collections on Paid off Advances ($)_** The total collections received on loans and/or advances that have been repaid. ###### **_Largest Exposure as % of Portfolio + Cash_** The principal balance of the largest loan and/or advance as a percentage of the sum of the Outstanding Collateral Balance and cash balance held in the bank account associated with the Originator SPV multiplied by Participation Percentage. ###### **_Largest 10 Exposures as % of Portfolio + Cash_** The total principal balance of the largest 10 loans and/or advances as a percentage of the sum of the Outstanding Collateral Balance and cash balance held in the bank account associated with the Originator SPV multiplied by Participation Percentage. ###### **_Largest Exposure as % of Portfolio_** The principal balance of the largest loan and/or advance as a percentage of the Outstanding Collateral Balance. ###### **_Largest 10 Exposures as % of Portfolio_** The total principal balance of the largest 10 loans and/or advances as a percentage of the Outstanding Collateral Balance. ###### **_Largest Obligor as % of Portfolio_** The principal balance of the largest obligor as a percentage of the Outstanding Collateral Balance. ###### **_Largest 10 Obligors as % of Portfolio_** The total principal balance of the top 10 obligors’ loans and/or advances as a percentage of the Outstanding Collateral Balance. ###### **_Days Past Due: Overall Portfolio_** The outstanding collateral balance stratified by days past due (DPD) buckets. The methodology used to calculate DPD of a singular loan and/or advance varies by originator. ###### **_Portfolio Repayment Rate Analysis_** The percentage of the outstanding collateral balance that is actively repaying their loans and/or advances. The calculation compares the underlying payment schedule of each loan or advance to the last payment date of each obligor to determine such status. ###### **_Days Past Due by Industry (SIC Industry)_** The outstanding collateral balance stratified by days past due (DPD) buckets and industry classification (SIC Industry). The methodology used to calculate DPD of a singular loan and/or advance varies by originator. ###### **_Days Past Due by Industry (NAICs Sector)_** The outstanding collateral balance stratified by days past due (DPD) buckets and industry classification (NAICs Sector). The methodology used to calculate DPD of a singular loan and/or advance varies by originator. ###### **_Days Past Due by Industry (Internal Classification)_** The outstanding collateral balance stratified by days past due (DPD) buckets and industry classification (Internal Classification). The methodology used to calculate DPD of a singular loan and/or advance varies by originator. ###### **_Days Past Due by Industry (Merchant Category Code)_** The outstanding collateral balance stratified by days past due (DPD) buckets and industry classification (Merchant Category Code). The methodology used to calculate DPD of a singular loan and/or advance varies by originator. ###### **_Days Past Due by Geography (Country)_** The outstanding collateral balance stratified by country and days past due. ###### **_Days Past Due by Geography (Province)_** The outstanding collateral balance stratified by province and days past due. ###### **_Days Past Due by Geography (State)_** The outstanding collateral balance stratified by state and days past due. ###### **_Days Past Due by Geography (City)_** The outstanding collateral balance stratified by city and days past due. ###### **_Historical Days Past Due Trending Analysis_** Historical tracking of the portfolio stratified by days past due. ###### **_Industry Concentration Analysis (SIC Industry)_** The percentage of outstanding collateral balance stratified by industry (SIC Industry) ###### **_Industry Concentration Analysis (NAICs Sector)_** The percentage of outstanding collateral balance stratified by industry (NAICs Sector) ###### **_Industry Concentration Analysis (Internal Classification)_** The percentage of outstanding collateral balance stratified by industry (Internal Classification) ###### **_Industry Concentration Analysis (Merchant Category Code)_** The percentage of outstanding collateral balance stratified by industry (Merchant Category Code) ###### **_Geography Concentration Analysis (Country)_** The percentage of outstanding collateral balance stratified by country. ###### **_Geography Concentration Analysis (Province)_** The percentage of outstanding collateral balance stratified by province. ###### **_Geography Concentration Analysis (State)_** The percentage of outstanding collateral balance stratified by state. ###### **_Geography Concentration Analysis (City)_** The percentage of outstanding collateral balance stratified by city. ###### **_LTV Concentration Analysis_** The percentage of outstanding collateral balance stratified by loan to value (LTV) buckets. The LTV is representative of the outstanding loan or advance balance divided by the current collateral value. ###### **_Obligor Concentration Analysis_** The percentage of the outstanding collateral balance that the top obligors, receivable sellers, merchants, or customers represents. ###### **_Credit Score Concentration Analysis_** The percentage of outstanding collateral balance stratified by credit score. ###### **_Funding Position Concentration Analysis_** The percentage of outstanding collateral balance stratified by funding position. ###### **_Years in Industry Concentration Analysis_** The percentage of outstanding collateral balance stratified by years in industry of the underlying obligor. ###### **_Counterparty Platform Concentration Analysis_** The percentage of outstanding collateral balance stratified by exposure to various counterparty platforms. ###### **_Customer Type Concentration Analysis_** The percentage of outstanding collateral balance stratified by customer type (repeat vs. new). ###### **_Underlying APY/APR Bucket Concentration Analysis_** The percentage of outstanding collateral balance stratified by APR or APY buckets of the underlying loans and/or advances. ###### **_Case Type Concentration Analysis (for litigation finance transactions)_** The percentage of outstanding collateral balance stratified by the case type of the underlying advance. ###### **_Origination Source Concentration Analysis (for litigation finance transactions)_** The percentage of outstanding collateral balance stratified by the origination source (broker vs. organic vs. attorney referral) of the underlying advance. ###### **_Law Firm Concentration Analysis (for litigation finance transactions)_** The percentage of outstanding collateral balance stratified by the law firm handling the underlying case. ###### **_Active, Won and Cancelled Cases / Active, Resolved and Charged off Cases (for litigation finance transactions)_** The percentage of outstanding collateral balance stratified by the latest available status of the underlying case. ###### **_Weighted Average Credit Score by Vintage_** The weighted average credit score by the funded amount for each historical vintage. ###### **_Origination volumes by vintage (# / $)_** The funded amount of total originations for each historical vintage along with the number of loans and/or advances originated for each historical vintage. ###### **_Collections to date by vintage (% of Funded Amount)_** The total payments collected divided by the total amount originated (funded amount) per historical vintage. ###### **_Collections to date by vintage (% of Scheduled Collections)_** The total payments collected divided by the total amount expected to be collected per historical vintage as of the report date. ###### **_Outstanding Funded Amount by Anticipated Payoff Date_** The outstanding collateral balance stratified by the vintages of the anticipated payoff date.