The shipping MiyarLens dashboard has 29 entries across four groups, covering 18 SEEP ratio families and their adjusted presentations. These formulas follow the displayed product descriptors; calculation conventions still need owner confirmation.
The 2005 SEEP Framework defined 18 ratio families and already described adjusted forms. Twenty-nine dashboard entries are not 29 distinct official SEEP ratios. Later MFRS standards added, revised and renumbered measures; this glossary retains the product’s R1–R18 references and identifies its adjusted variants rather than adding unshipped later-standard ratios.
Base presentation · SEEP ratio family
Definition. Outstanding principal of loans with an instalment more than 30 days overdue, divided by the gross outstanding loan portfolio.
Why it matters. Shows portfolio exposure to repayment delay, not only overdue instalments.
Displayed product formula
Outstanding principal of loans >30 days overdue ÷ gross loan portfolio outstanding
Owner confirmation of conventions pendingAdjusted presentation · SEEP ratio family
Definition. The product’s PAR30 balance excludes the over-180-day bucket written off by A5, includes rescheduled exposure and uses the adjusted gross loan portfolio.
Why it matters. Separates the effects of write-offs and rescheduling from the unadjusted PAR30 view.
Displayed product formula
(PAR30 balance excluding the >180-day A5 write-off bucket, including rescheduled loans) ÷ adjusted gross loan portfolio
Owner confirmation of conventions pendingBase presentation · SEEP ratio family
Definition. Reported value of loans written off during the period, divided by average gross loan portfolio.
Why it matters. Reveals losses removed from the active loan portfolio.
Displayed product formula
Loans written off during period ÷ average gross loan portfolio
Owner confirmation of conventions pendingAdjusted presentation · SEEP ratio family
Definition. Reported loan write-offs plus the A5 write-off adjustment, divided by adjusted average gross loan portfolio.
Why it matters. Includes the additional write-off treatment applied by the product.
Displayed product formula
(Reported loan write-offs + A5 write-off adjustment) ÷ adjusted average gross loan portfolio
Owner confirmation of conventions pendingBase presentation · SEEP ratio family
Definition. Closing loan-loss reserve divided by the outstanding PAR30 balance.
Why it matters. Shows the reserve available against the identified at-risk exposure.
Displayed product formula
Closing loan-loss reserve ÷ PAR30 outstanding balance
Owner confirmation of conventions pendingAdjusted presentation · SEEP ratio family
Definition. Adjusted loan-loss reserve, labelled reported reserve + A4.C − A5, divided by adjusted PAR30 exposure excluding the over-180-day bucket and including rescheduled loans.
Why it matters. Shows reserve coverage after the displayed provisioning and write-off adjustments.
Displayed product formula
(Reported loan-loss reserve + A4.C − A5) ÷ (PAR30 balance excluding >180-day loans, including rescheduled loans)
Owner confirmation of conventions pendingBase presentation · SEEP ratio family
Definition. Financial revenue divided by financial expense, impairment losses on loans and operating expense.
Why it matters. Tests whether core financial revenue covers the displayed operating costs.
Displayed product formula
Financial revenue ÷ (financial expense + impairment losses on loans + operating expense)
Owner confirmation of conventions pendingAdjusted presentation · SEEP ratio family
Definition. The same financial revenue divided by adjusted financial expense, adjusted loan impairment and adjusted operating expense. The displayed numerator is not adjusted revenue.
Why it matters. Tests cost coverage after the product’s analytical adjustments.
Displayed product formula
Financial revenue ÷ (adjusted financial expense + adjusted impairment losses on loans + adjusted operating expense)
Owner confirmation of conventions pendingBase presentation · SEEP ratio family
Definition. Net operating income less taxes, divided by average total assets.
Why it matters. Shows earnings relative to the institution’s asset base.
Displayed product formula
(Net operating income − taxes) ÷ average total assets
Owner confirmation of conventions pendingAdjusted presentation · SEEP ratio family
Definition. Adjusted net operating income less the reported taxes, divided by adjusted average total assets.
Why it matters. Shows how analytical adjustments change the return on assets.
Displayed product formula
(Adjusted net operating income − taxes) ÷ adjusted average total assets
Owner confirmation of conventions pendingBase presentation · SEEP ratio family
Definition. Net operating income less taxes, divided by average total equity.
Why it matters. Shows earnings relative to the institution’s capital.
Displayed product formula
(Net operating income − taxes) ÷ average total equity
Owner confirmation of conventions pendingAdjusted presentation · SEEP ratio family
Definition. Adjusted net operating income less the reported taxes, divided by balance-preserving adjusted average equity, consistent with the adjusted balance sheet.
Why it matters. Shows the adjusted return while retaining the product’s balance-sheet equity convention.
Displayed product formula
(Adjusted net operating income − taxes) ÷ balance-preserving adjusted average total equity
Owner confirmation of conventions pendingBase presentation · SEEP ratio family
Definition. Operating expense divided by average gross loan portfolio.
Why it matters. Shows the cost of managing the lending portfolio.
Displayed product formula
Operating expense ÷ average gross loan portfolio
Owner confirmation of conventions pendingAdjusted presentation · SEEP ratio family
Definition. Adjusted operating expense divided by adjusted average gross loan portfolio.
Why it matters. Shows operating cost relative to the portfolio after analytical adjustments.
Displayed product formula
Adjusted operating expense ÷ adjusted average gross loan portfolio
Owner confirmation of conventions pendingBase presentation · SEEP ratio family
Definition. Operating expense per average active borrower. Despite its active-client title, the shipping descriptor uses borrowers, not all deposit or service clients.
Why it matters. Connects delivery costs to the borrower population actually used by the product.
Displayed product formula
Operating expense ÷ average active borrowers
Owner confirmation of conventions pendingAdjusted presentation · SEEP ratio family
Definition. Adjusted operating expense per average active borrower; the borrower denominator is not adjusted.
Why it matters. Shows the effect of adjusted delivery costs for the same borrower population.
Displayed product formula
Adjusted operating expense ÷ average active borrowers
Owner confirmation of conventions pendingBase presentation · SEEP ratio family
Definition. Active borrowers divided by the number of loan officers.
Why it matters. Shows loan-officer caseload and lending productivity.
Displayed product formula
Active borrowers ÷ loan officers
Owner confirmation of conventions pendingBase presentation · SEEP ratio family
Definition. Active borrowers divided by total staff. The product’s active-client label uses the active-borrower source field.
Why it matters. Shows lending outreach relative to staffing across all departments.
Displayed product formula
Active borrowers ÷ total staff
Owner confirmation of conventions pendingBase presentation · SEEP ratio family
Definition. Beginning active borrowers plus the count of loans disbursed, used as new borrowers, less ending active borrowers, divided by the arithmetic average of beginning and ending borrowers.
Why it matters. Shows the product’s borrower-turnover estimate; confirm the loans-as-new-borrowers convention.
Displayed product formula
(Beginning active borrowers + number of loans disbursed − ending active borrowers) ÷ ((beginning active borrowers + ending active borrowers) ÷ 2)
Owner confirmation of conventions pendingBase presentation · SEEP ratio family
Definition. Closing gross loan portfolio divided by active borrowers.
Why it matters. Shows outstanding financing per active borrower.
Displayed product formula
Closing gross loan portfolio ÷ active borrowers
Owner confirmation of conventions pendingAdjusted presentation · SEEP ratio family
Definition. Adjusted gross loan portfolio divided by outstanding loan count less the over-180-day loan count treated as written off. This adjusted measure is per loan, not per borrower.
Why it matters. Separates the adjusted loan-level measure from the unadjusted borrower-level measure.
Displayed product formula
Adjusted gross loan portfolio ÷ (number of loans outstanding − number of >180-day loans written off)
Owner confirmation of conventions pendingBase presentation · SEEP ratio family
Definition. Value of loans disbursed during the period divided by the number of loans disbursed.
Why it matters. Shows the average size of newly granted loans.
Displayed product formula
Value of loans disbursed ÷ number of loans disbursed
Owner confirmation of conventions pendingBase presentation · SEEP ratio family
Definition. Financial income from the loan portfolio less accrued, uncollected interest receivable, divided by average gross loan portfolio.
Why it matters. Shows the portfolio yield under the product’s displayed interest-receivable treatment.
Displayed product formula
(Financial income from loan portfolio − accrued uncollected interest receivable) ÷ average gross loan portfolio
Owner confirmation of conventions pendingBase presentation · SEEP ratio family
Definition. Gross loan portfolio divided by total assets.
Why it matters. Shows the share of assets deployed in lending.
Displayed product formula
Gross loan portfolio ÷ total assets
Owner confirmation of conventions pendingBase presentation · SEEP ratio family
Definition. Financial expense on funding liabilities divided by average funding liabilities.
Why it matters. Shows the cost paid for borrowed and deposit funding represented by those liabilities.
Displayed product formula
Financial expense on funding liabilities ÷ average funding liabilities
Owner confirmation of conventions pendingAdjusted presentation · SEEP ratio family
Definition. Funding-liability financial expense plus the product’s floored A1.F cost-of-funds adjustment, divided by the same average funding liabilities.
Why it matters. Shows the funding-cost effect of the product’s analytical adjustment.
Displayed product formula
(Financial expense on funding liabilities + floored A1.F cost-of-funds adjustment) ÷ average funding liabilities
Owner confirmation of conventions pendingBase presentation · SEEP ratio family
Definition. Total liabilities divided by total equity.
Why it matters. Shows balance-sheet leverage, including liabilities beyond borrowing alone.
Displayed product formula
Total liabilities ÷ total equity
Owner confirmation of conventions pendingAdjusted presentation · SEEP ratio family
Definition. Unadjusted total liabilities divided by balance-preserving adjusted total equity, consistent with the adjusted balance sheet.
Why it matters. Shows leverage under the product’s adjusted equity convention.
Displayed product formula
Total liabilities ÷ balance-preserving adjusted total equity
Owner confirmation of conventions pendingBase presentation · SEEP ratio family
Definition. Cash and amounts due from banks plus trading investments, divided by short-term liabilities.
Why it matters. Shows near-term payment capacity using the product’s specific liquid-asset components.
Displayed product formula
(Cash and due from banks + trading investments) ÷ short-term liabilities
Owner confirmation of conventions pending