Performance Metrics
CNL
Also known as: cumulative net loss
status: draft
Cumulative net loss. Lifetime losses on a pool after recoveries, usually measured against original pool balance or original receivables.
What to watch
CNL is only useful when tied to vintage age. A 3% CNL at month 6 means something very different from 3% at month 36.
Referenced in 56 topics
ABF vs. traditional lending (when ABF makes sense, when it doesn't) foundations Advance rates and the borrowing base mechanics Auto loans and leases asset-classes Bank balance sheet capital-sources BNPL receivables asset-classes Borrowing base mechanics mechanics Cash flow modeling accounting-valuation Collateral analysis accounting-valuation Collateral analytics checklist appendix Covenant compliance monitoring operations-lifecycle Credit analysis accounting-valuation Credit funds and private capital capital-sources Deal structures asset-classes Due diligence question bank documentation Early-stage financing guide playbooks Education and vocational receivables asset-classes Equipment leases and loans asset-classes Evaluating a credit fund's ABF strategy playbooks Evaluating portfolio quality and performance playbooks Home equity and helocs asset-classes How ABF works (5-minute overview) foundations Marketplace lending and fintech-originated asset-classes Non-agency RMBS / non-QM / investor-purpose asset-classes Ongoing portfolio management operations-lifecycle Ongoing portfolio management (capital provider) playbooks Ongoing reporting and surveillance operations-lifecycle Performance metrics accounting-valuation Performance reporting operations-lifecycle Performance triggers mechanics Personal / unsecured consumer loans asset-classes Portfolio surveillance operations-lifecycle Portfolio valuation accounting-valuation Powersports (RV, marine, motorcycle) asset-classes Preparing your data room playbooks Pricing and relative value accounting-valuation Pricing negotiation playbooks Prime jumbo asset-classes Servicing covenants mechanics Solar / renewable energy (PACE, PPA, solar loan) asset-classes Static pool analysis accounting-valuation Structural terms negotiation playbooks Structural tests (OC/IC) mechanics Student loans (federal and private) asset-classes Term securitization (ABS/MBS) structures The originator's readiness assessment playbooks Timeshare receivables asset-classes Top originator mistakes playbooks Trigger negotiation strategies mechanics Trigger remediation strategies mechanics Triggers, tests, and performance events mechanics Warehouse facilities structures What capital providers care about playbooks What is negotiable by structure type playbooks Wind-down lifecycle-events Workouts, restructuring, and enforcement lifecycle-events Your loan tape: what lenders actually look at playbooks