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INV-1018
Kaiser Permanente
Originated by Cedar Mills Trading Co. · Wholesale / Distribution
A
94.6/100
Target yield
9.4%
Term
84d
Face value
$135,300
Advance
90%
Credit model
Expected loss = PD × LGD × EAD, sized to a stressed reserve. The advance and yield fall out of the loss math.
PD (annualized)
0.13%
0.03% over term
LGD
6%
loss given default
Dilution
0.5%
disputes / short-pays
Exposure (EAD)
$121,770
advanced to originator
Expected loss
$550
0.45% of exposure
Reserve
10%
held back as buffer
How the 9.4% yield is priced
Funding cost+ 5.50%
Expected loss (annualized)+ 1.83%
Servicing+ 1.50%
Risk premium+ 0.60%
Investor target yield9.40%
Risk signals
The inputs behind the score of 94.6. Higher bars are safer.
Originator tenure83
Originator cash-flow stability82
Payor scale92
Debtor credit quality99
Debtor payment speed84
Invoice verification90
Invoice concentration96
Deal terms
Debtor
Kaiser Permanente
Debtor credit
Grade A
Avg days to pay
41 days
Issued
2026-06-20
Due
2026-09-18
SMB fee
2.09%
Amount advanced
$121,770
Originator monthly rev
$540,000