Monthly Lender Statement

Account summary

The account summary appears on the front page of your statement and shows the distribution of all the money in your lending account, including liquid funds, funds loaned, and payments in transit.

Specific fields include:

• Cash balance: The cash balance of your account (formerly known as "Available for bidding"). This amount does not include funds which are already in active winning bids and winning bids pending review. These funds can be transferred out of Prosper at any time. When monthly payments are made by borrowers, any group leader rewards and fees (servicing, collection, NSF, bank draft, etc.) are deducted; the remaining funds are deposited in your cash balance.
• Active loan value: The value of funds which are currently in loans to borrowers. This is a gross accrued value of your outstanding loans, and changes on a daily basis, according to the accrual schedule of your loans.
• Payments in transit: Borrower payments which have been initiated but have not yet been deposited into your cash balance. Funds from these payments will be reflected in your cash balance up to 4 business days later.
• Winning bids:The amount of funds which are currently held in active bids. If any funds are outbid (even partially outbid), those funds will be returned to your cash balance.
• Winning bids pending review: If you are a winning bidder on a listing that has been funded, but Prosper is still conducting further review on the listing, origination funds will be held for up to 7 days while the listing is reviewed, and the amount of your bid (or bids) will appear in this line item until the loan is issued. If the loan does not pass review within 7 days, your bid will be returned to your cash balance.
• Account total: The sum of all above fields, representing the total value of your lending account on Prosper.

Loans and payments

The loans and payments section is a detailed account of all loans held which were active at some point during the statement period. This includes loans which were bought during the statement period and loans which defaulted during the statement period.

The "Active loan value" table includes:

• Starting loan value: The value of your loans on the first date of the statement period. This figure should match the "Ending loan value" on your statement for the previous period.
• New loans placed: The total amount of new loan principal created during the statement period.
• Accruals: The total amount of interest and fee accruals on your loan portfolio during the statement period. Interest is accrued daily; the value of each loan's daily accrual is dependent on the principal balance, interest rate, and payment schedule.
• Payments: The total amount of interest, late fees, and principal which was paid by borrowers on your loans during the statement period.
• Defaults: The total amount in interest, late fee, and principal offsets to your loan value due to defaulted loans. Actual recoveries from loan sales (if any) will be included in the "Account activity" section of your statement, under "Defaults".

The "Loans held" table includes a line item for each loan held, with any payment activity listed beneath it:

• Loan rows:
  • Loan ID: The unique ID of each loan held. This can be matched to the loan ID displayed on the web site.
  • Loan status: The status of each loan as of the last day of the statement period.
  • Current loan value: The loan value as of the last day of the statement period.
  • Principal balance: The principal balance of the loan as of the last day of the statement period.
• Payment rows:
  • Payment ID: The unique ID of each payment on the loan during the statement period. This can be matched to the payment ID displayed on the web site.
  • Payment status: The status of each payment as of the last day of the statement period. Most payments will display "Paid", although if there are any disputes, those will appear in the payment history.
  • Post date: The date on which the payment was posted by the borrower.
• Both rows:
  • Amount received: The full payment amount received from the borrower.
  • Interest accrued: The total amount of interest accrued on each loan during the statement period. Interest is accrued daily, and the value of each loan's daily accrual is dependent on the principal balance, interest rate, and payment schedule.
  • Fees accrued: The total amount of borrower late fees accrued on each loan during the statement period.
  • Interest paid: The total amount of interest which was paid by the borrower during the statement period.
  • Fees paid: The total amount of late fees which were paid by the borrower during the statement period.
  • Principal paid: The total amount of principal which was paid by the borrower during the statement period.
  • Service fees: The total amount of lender servicing fees that you paid during the statement period.
  • Collection fees: The total amount of collection agency fees that you paid durin the statement period.

Account activity

The account activity section of your statement includes all of the account transactions which are listed in your account history on the Prosper web site for the statement period.

Specific fields include:

• Transaction ID: The unique ID for the transaction.
• Date: The date and time of the transaction. All times are Pacific Time.
• Type: Describes whether the transaction was a deposit to (positive) or withdrawal from (negative) your cash balance.
• Purpose: A short description of the reason for the transaction. Purposes include:
• Bid: You placed a manual bid on a listing
• Community payment: You made a community payment on a late loan
• Late fee: A late borrower made a payment which included a late fee
• Principal: You received a principal payment on a loan
• Interest: You received an interest payment on a loan
• Service fee: You were charged a lender loan servicing fee
• Transfer: You transferred funds to your Prosper account
• Disputes: One of the above transaction types was disputed, and the original transaction was reversed
• Adjustments: One of the above transaction types was disputed, and there was an adjustment of the transaction amount
• Loan ID: If the transaction was related to a loan, the loan ID will be displayed here
• Amount: The amount of the transaction