Group ERC definition
Group ERC. ’ means the ERC projections for the Group. Group ERC is calculated by adding our UK Division’s ERC (based on a 120-month period) to our DACH Division’s ERC (based on a 180-month period) translated into pounds sterling at the applicable rate. Group ERC is presented here for illustrative purposes only and can be different from the forecasts used to calculate the carrying value of our purchased debt portfolios as recognized in our consolidated financial statements. Any references to Group ERC in this Offering Memorandum are references to a gross Group ERC calculation (which includes estimated gross collections in respect of the principal balance, costs, service costs and fees). While the underlying methodologies our UK Division and our DACH Division use to calculate ERC are generally consistent, no effort has been undertaken to harmonize these metrics and as a result, the ERC results for our UK Division and our DACH Division may not be directly comparable. Future results for our Group may vary significantly from the Group ERC presented herein. See ‘‘Presentation of Financial and Other Information—Non-Financial Operating Data;’’
Group ERC means the ERC projections for the Combined Business. Group ERC is calculated by adding Lowell’s ERC (based on a 120-month period) to GFKL’s ERC (based on a 180-month period) translated into pounds sterling at the applicable rate. Group ERC is presented here for illustrative purposes only and can be different from the forecasts used to calculate the carrying value of our purchased debt portfolios as recognized in our consolidated financial statements. Any references to Group ERC in this Report are references to a gross Group ERC calculation (which includes estimated gross collections in respect of the principal balance, costs, service costs and fees). While the underlying methodologies Lowell and GFKL use to calculate ERC are generally consistent, no effort has been undertaken to harmonize these metrics and as a result, the ERC results for Lowell and GFKL may not be directly comparable. Future results for our Combined Business may vary significantly from the Group ERC presented herein. See “Presentation of Financial and Other Information— Non-Financial Operating Data;”