Definitions

UPB

Unpaid principal balance

ERC

Estimated remaining collections

FV

Face value; UPB plus interest and fees

CF

Cash flow

DP

Debt purchase

Net CF

Net cash flow; Cash flow less collection cost

IRR

Internal rate of return; The zero-NPV generating interest rate

ARM

Accounts receivables management

NPL

Non-performing loan

IVA

Individual voluntary arrangement

LTV

Loan to value ratio

IFRS

International Financial Reporting Standards

NIBOR

Norwegian Interbank Offered Rate

EURIBOR

Euro Interbank Offered Rate

CMS

Credit management services

EPS

Earnings per share

FTE

Full-time equivalent