Account Performance. The following tables set forth the historical performance of the Accounts for each of the indicated periods. There can be no assurance, however, that the loss and delinquency yield experience for the Accounts in the future will be similar to the historical experience set forth below. The information in the tables has been provided by RBC. The loss and delinquency experience of the Accounts is as follows: (unaudited) Three Months Ended March 31, 2017 Year Ended December 31, 2016 Year Ended December 31, 2015 Year Ended December 31, 2014 Average Pool Balance $11,159,460,029 $11,243,136,886 $9,714,398,862(1) $9,536,364,983(2) Net Write-offs(3) ........................ $65,356,315 $272,411,002 $202,258,306 $205,174,573 Average Net Write-off Ratio(4).. 2.34% 2.43% 2.08% 2.15%
Account Performance a. You agree to designate Programme Administrator(s) to actively manage vPayment Accounts on your behalf. The Programme Administrator(s)’ responsibilities shall include:
i) using the Online Service to maintain the Account and access reports;
ii) promoting awareness and use of an Online Service;
iii) initiate new implementation requests for additional Card Pools to be established; and
iv) add, modify and/or delete a pre-authorisation record.
b. We recommend that You regularly audit your expense management programme to ensure compliance with your policies and procedures. We will not be responsible for any fraud or misfeasance engaged in by Account Users.
Account Performance. The following tables set forth the historical performance of the Accounts for each of the indicated periods. There can be no assurance, however, that the loss and delinquency yield experience for the Accounts in the future will be similar to the historical experience set forth below. The information in the tables has been provided by RBC. The loss and delinquency experience of the Accounts is as follows: (unaudited) Year Ended December 31, 2021 Year Ended December 31, 2020 Year Ended December 31, 2019 Average Pool Balance ............................... $9,343,327,820 $9,935,627,017(1) $10,800,808,684 Net Write-offs(2) ........................................ $121,518,559 $188,027,451 $252,094,196 Average Net Write-off Ratio(3) .................. 1.30% 1.89% 2.33%
Account Performance. The following tables set forth the historical performance of the Accounts for each of the indicated periods. There can be no assurance, however, that the loss and delinquency yield experience for the Accounts in the future will be similar to the historical experience set forth below. The information in the tables has been provided by RBC. Additional Accounts were added to the pool at the open of business on December 1, 2015 (approximately $1.9 billion of receivables). The Additional Accounts included credit cards issued to small business accounts (approximately $143 million). The loss and delinquency experience of the Accounts is as follows: (unaudited) Six Months Ended June 30, 2016 Year Ended December 31, 2015 Year Ended December 31, 2014 Year Ended December 31, 2013 Average Pool Balance $11,161,215,746 $9,714,398,862(1) $9,536,364,983(2) $8,305,415,067 Net Write-offs(3) ........................ $143,844,874 $202,258,306 $205,174,573 $184,102,323 Average Net Write-off Ratio(4).. 2.58% 2.08% 2.15% 2.22%
Account Performance. Please be aware that your Account’s performance may vary from the returns of the Model Portfolios that you are following. This variance is due to a number of factors including but not limited to differences in trade prices, transaction fees, rounding, market activity, restrictions you have imposed, and the amount and timing of deposits or withdrawals you make to your Account as well as deviations we have made from the Model Portfolios. You specifically acknowledge and agree that your investment results under the Program may differ significantly from those of the Model Portfolios and may bear little or no relation to any of the publications or portfolios of our affiliates.
Account Performance. Seller has provided to Buyer 1998 audited performance summaries and 1999 unaudited performance summaries as set forth in Section 3.27(e) of the Disclosure Letter. The summaries have been prepared and presented, in all material respects, in conformity with the methodology set forth in the accompanying notes thereto.
Account Performance. You agree to designate Program Administrator(s) to actively manage the American Express Account(s) on your behalf. You agree and acknowledge that such Program Administrator(s) are authorized by you to act on your behalf with respect to the American Express Account(s), and that we may rely on all directions and information we receive from Program Administrator(s) regarding the American Express Account(s), including issuance of Commercial Cards to employees designated by you. The Program Administrator(s) responsibilities shall include: using American Express @ Work® to conduct maintenance transactions and access reports; promoting awareness and use of Manage Your Card Account; cooperating with us towards a goal of eighty-five percent (85%) of American Express Accounts and Dollar balances to be in a current status and no more than one percent (1%) of American Express Accounts and Dollar balances to be sixty (60) days past due; communicating a Company policy to all Commercial Cardmembers that restricts the use of the American Express Account(s) to business purposes; and providing to us, upon request, a statement as to whether or not a Commercial Cardmember has been reimbursed for Charges. American Express recommends that Company regularly audit its expense management program to insure compliance with Company policies. Company may request copies of any remittance advice provided by its Program Administrator or other designated account representatives. It is recommended that Company maintain hierarchical approval of all Charges. American Express maintains no responsibility or liability for any fraud or malfeasance engaged in by Company employees and representatives.
