Lesson 25 of 25 · 5 min

The reconstruction, and whose monthly job it is

The printed totals were always quotients; forming them again each month is the platform's job.

You can now take a sample statement and recompute an interest leg, a blended advance rate, a trigger, a shortfall and a sale-to-cure by hand; doing that every month on a real facility is what the platform does. The inputs sit on the printed rows; the operations are multiplication, addition and division.

Key terms

Hand reconstruction: Forming an interest leg, a blended advance, a trigger, a shortfall and a sale-to-cure from a letter's own rows.
Monthly job: Repeating that reconstruction each time a real facility produces a new statement. That repetition is what the platform does.

Worked example

The March totals, once more

Halden & Wren sample, 31 March 2026. Close $1,858,563.47, book $6,032,795, lending value $3,277,251.25, threshold 70 percent of market value.

Interest: $11,343.47
Blended advance: 54.32%
Trigger: $2,655,090.67
Headroom: 55.99%
Shortfall on the printed book: $0.00

Five recoveries, already finished on 31 March. Forming them again on the next letter is the monthly job.

Check yourself

After five hundred lessons, what is true of the figures printed on a sample statement, and what is the platform's monthly job?

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Educational only. Nothing in this lesson is investment, legal or tax advice, or a recommendation to enter into any transaction. Figures are illustrative and computed from the inputs stated in the lesson.