This week we bring you another overview of a reporting feature within the Reports page. Investors can generate an in-depth look at the performance of their loans listed in the secondary market with the “Secondary Market archive” report. This report can be useful for those who are more active in Secondary Market. As discussed in earlier posts, the Secondary Market presents a different risk level than the Primary Market. For this reason users may want to access the granular data available from the reporting.
Generate a report
When using the report you can enter specific start and end dates to customize the output file or leave the date fields empty to get the whole transactions history. After selecting “Create the report” refresh your browser and the CSV file will be available for downloading.
Get useful insights from your Secondary Market data
Some of the more useful information includes factors like the loan start and end date, the discount rate and principal. You’ll notice that no investment is listed in Secondary Market longer than 30 days. This is due to the length restriction for the investment to be listed in the Secondary Market. If the investment is not sold or cancelled in 30 days since listed (“StartDate”), then it will be removed from the Secondary Market automatically. These investments are marked as “Failed” in the report. If the investment is sold, the status will be marked as “Successful” and if the investor decides to cancel the sale, the status is “Cancelled”.
Another thing to look in this report is the discount rate (“DiscountRate”) of the investments. When you aggregate and filter the data by status (“Result” field) or by loan debt days (“DebtDaysAtStart” and “DebtDaysAtEnd”), you may determine whether the discount rates are appropriate for the investments to be sold on the Secondary Market. For example by comparing the average discount rate value for “Failed” and “Successful” investments or group the discount rate values by debt days to find any useful patterns.
There are more ways to use the Secondary Market history report and optimize your investment strategies by combining the data with other reports or benchmark your data against the full Secondary Market transaction history of Bondora, available in the Public Reports page.
Remember, many of the borrowers in this marketplace exhibit a higher risk than the loans that would be seen in the Primary Market. Investing strategies differ but all wise investors keep their portfolios diversified. Investing in Secondary Market should also follow that principle.