[YuliyaG]

please explain your math

The math is not simple. But here's a screen shot based on our formulas...

Screen Shot.jpg

One thing to keep in mind is that the money is going out as fast as it's coming in. So, you're putting money out as it's being paid back. So it's not as a simple calculation as you might expect - it's completely algorithmic... Really took quite a while to even figure where to start... It's based on a lot of assumptions. One of which is that a default is when a merchant pays $0