Online lending platforms are constantly running, and security is the primary factor that many investors consider. The overdue rate is an important indicator to measure the risk of online lending platforms.

Recently, some media combed the 1 18 member companies accessing the Internet finance registration and disclosure service platform of China Internet Finance Association (hereinafter referred to as "Jin Mu Association"), and found that the overdue rate of 80 platforms was zero. This triggered a voice of doubt in the industry.

So many platforms are zero overdue, can the data be trusted? Is zero overdue equal to zero risk for investors? The Workers' Daily reporter investigated this.

"This is inconsistent with the real overdue rate."

On the trust platform of the Mutual Gold Association, the operating data released by 80 platforms in February showed that the overdue rate of the project and the overdue rate of the amount were zero. Some platforms have previously announced the monthly overdue rate, but the overdue rate has dropped sharply in recent months.

"This is inconsistent with the real overdue rate of the platform." Tian, CEO of online lending, a third-party platform for online lending, said that according to the statistics of the former CBRC, by the end of 20 17, the balance of non-performing loans of commercial banks was 1.7 1 trillion yuan, and the non-performing loan ratio was 1.74%. On the whole, the borrower qualification of online lending platform is lower than that of commercial banks, and the overdue rate of 67.8% platforms accessing the mutual fund association trust platform is zero, which is unrealistic.

In the eyes of some insiders, zero overdue is impossible, and financial risks cannot be completely eliminated because of the improvement of technical means and risk control means.

Yu Baicheng, dean of the online loan home research institute, another third-party platform, said that for the loan business, it is inevitable for borrowers to be overdue, as long as they maintain a reasonable overdue rate. At present, the industry is sensitive to the overdue rate, so the disclosure will be lucky and incomplete.

During the interview, many insiders said that the data disclosed by Mujin Association was mainly reported by the platform, and it was impossible to verify the authenticity of all the data.

How did zero overdue come about?

Despite the constant doubts, there are also online lending platforms that it is not impossible to achieve zero overdue if risk control is done through strict risk control settings. The reporter found that there are only more than 1 ,000 borrowers on some platforms, so it is not completely impossible to ensure that one month is overdue.

In fact, there is a * * * knowledge in the industry, and zero overdue is operational.

Yu Baicheng believes that the zero overdue rate may be due to incomplete or incorrect data disclosure or third-party compensation.

Third-party compensation is an important way for online lending platforms to "modify" the overdue rate. Lv Nan, director of the Sack Finance Research Institute, said that the data submitted by the online lending platform to the Mutual Fund Association should not be tampered with. However, according to the regulations, if the borrower fails to repay the loan at the due date, the platform security measures will be used as the second repayment source to advance the overdue amount, and the lender's principal and interest will be paid at 100%, which is not overdue.

The reporter randomly combed the platform of zero disclosure of overdue rate on the trust platform of Mutual Gold Association, and found that most of them have safeguard measures such as risk reserve fund, third-party repurchase and performance guarantee insurance.

For example, Jiufu cooperated with Taiping Property Insurance Co., Ltd. to obtain insurance protection through "loan performance guarantee insurance". Borrowers (policyholders) with a loan term of less than one year (including one year) apply for insurance with Taiping Property Insurance (specifically subject to the disclosure of loan information). Once in loans overdue, Taiping Property Insurance will fully compensate the borrower for the loan principal and interest according to the "loan performance guarantee insurance" mechanism. Official website, a group loan website, shows that when the loan project is overdue, if the borrower fails to repay the loan on time within the prescribed time limit, the third-party guarantee company will advance the investment users first.

However, at present, there is no direct evidence that the zero overdue of Jiufu and Tuandai.com is related to third-party compensation.

Tian concluded that if the overdue rate data published by the platform includes the overdue compensation amount of the compensation institution, the overdue rate of many platforms will be higher than the currently disclosed data.

The amount of compensation can better reflect the real situation.

In view of the operating space of overdue rate, Lunan suggested that Jin Mu Association enrich the current trust projects of the trust platform, especially increase the disclosure of platform compensation to adapt to the current situation of the industry.

Tian reminded investors that using the platform of third-party compensation, including the platform that cooperates with guarantee companies and insurance companies and the platform that still uses risk reserve, the compensation amount can better reflect the real operation of the platform.

In fact, the trust standard of Mutual Gold Association was once called "the strictest trust standard in history". However, because the compensation amount is not mandatory to disclose information, most platforms do not disclose this information.

It is worth mentioning that at the beginning of the establishment of the Mutual Gold Association Trust Platform, 10 Internet finance enterprises were officially connected as the first batch of pilot units. At that time, the relevant person of the Mutual Gold Association said in an interview with the media that the pilot units were encouraged to voluntarily disclose the accumulated overdue payment amount and the number of transactions.

The reporter browsed the trust platform and found that the first batch of four pilot units, such as Microfinance Network, Search Easy Loan, Jiufu Pratt & Whitney and Yixin Huimin, have not disclosed the amount of compensation so far.

Yu Baicheng said that for platforms that do not fully disclose the overdue rate, regulators can take measures such as warning, punishment, or not filing. If a platform with false data is found, the punishment will be increased, and investors and the media can also supervise it.