Hi Lukasz
Just to add to Ed's response on this. Most definitions of PAR include
all of the unpaid principal of loans for which payments are late e.g.:
Value of all loans outstanding as of the end of the reporting period
</glossary/term/351> that have one or more installments of principal
past due for more than 90 days. ***This includes the entire unpaid
principal balance***, including both the past due and future
installments, but not accrued interest. It also includes loans that have
been restructured or rescheduled.
http://iris.thegiin.org/indicator/non-performing-loans-portfolio-risk-90-days-fp6373
From our business perspective, if a client has missed a repayment,
there is a clear risk that they will not make any further payments on
their loan. We are at risk of losing all of the principal yet to be
repaid by them, not just part of it.
Regards
Matthew
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