9.5.2 Remarketing Proceed Details
Subsequent updates of collateral auctioning are tracked and updated in the Remarketing Proceed Details section against the remarketing request. This tab gives insight on individual collateral re-sale proceeds that are provided by the third party auctioning system and the total percentage of debt recovered for each asset re-sale.
Following are the Remarketing Proceed Details updated:
Table 9-5 Remarketing Proceed Details
| Remarketing Proceed Details | |
|---|---|
| Sales | Indicates the Gross Sales Amount. |
| Expense | Indicates the total expense incurred in sales. |
| Refunds | Indicates the Refunds arising post the sales. |
| Net Proceeds | Indicates the Gross Sale Amount (Total Expense + Total Refunds). |
| Balance | Indicates the Payoff Quote of Account when payment is posted. |
| Net Gain/Loss | Indicates the profit or loss of sales (Net Proceeds - Balance). |
| Recovery % | Indicates the total recovery percentage which is calculated as ((Net Proceeds - Balance) / Balance)x100 |
Parent topic: Remarketing Request