**The expected average rate of return** is calculated according to the formula presented here. When calculating it, the probability default rate, estimated on the basis of similar loan history, is taken into account. The de facto rate of return is calculated for each portfolio, taking into account the number of real default terms encountered by the investor in the investment process and the real financial loss caused by these default loans.

**The de facto return rate** obtained by an investor, may deviate from the expected return on investment when the actual number of default loans may be lower or higher than the expected number initially.

We remind you that the default rate is calculated based on a statistical environment that does not provide a certainty as to the probability of your default loan entry. Find out more about default rate here.