Step-by-step explanation:
Financial statements not required
Quarterly forecasts projected for each of 8 future quarters Self-correcting mechanism adjusts for previous deviations from actual default rates
PayNet reduces your lending risk by providing an absolute measure of credit risk at both the borrower and portfolio level on
millions of small businesses for which financial statements are not available. PayNet's AbsolutePD product provides the only
probability of defaults for private companies by geographic regions, industry sectors, and loan exposures.
PayNet AbsolutePD provides a consistent, transparent and objective loan management process mandated by management, auditors, regulators CEO's and investors. PayNet AbsolutePD:
•Rates millions of private companies for which current and/or reliable financial statements are not available
Aids in the improved estimation of loss reserves and determination of economic or regulatory capital