ceded from it.
It is not a discharge. The debt stands in full and goes on being owed, to somebody else. What ends is your part in it, which is why this is the one state answering a different question from the rest: not what the loan owes, but whose it is.
A cession is undone by retracting it, and by nothing else. It is never edited and never deleted.
What is recorded
One date and the account every irreversible act gives of itself. Nothing else about the sale reaches the Platform.
State the counterparty in
context if you want it on record. The Platform stores it, returns it on every read of the loan, and reads it for nothing.
Recording one
Post the cut-off to the loan’s cession subresource. The loan comes back as it now reads.Record a cession
201
200 with the cession already on file. Model carries the Reference and Attribution rules in full.
The loan listing carries the cut-off beside the state, so a reconciliation asks which loans left and as of when without reading each one.
Listing row
What stops
Four things stop, and they stop on the cut-off itself rather than the day after it.
What the loan owes on the cut-off is what it owes ever after. Nothing is forgiven: every charge up to that day stands, and a question asked about any date before the cut-off answers exactly what it answered before the sale was recorded.
Money arriving after
A borrower who pays your old reference after the sale is real and frequent. The Platform refuses that receipt rather than holding it.409
We refuse deliberately, and holding the money was the alternative. A receipt recorded against a loan that left would be the first entry of a settlement ledger between you and the buyer, an entity the Platform does not model. The money is yours to pass on under your own cession agreement, on your own books.
anomalies names the cession among the reasons the remainder could not be placed.
Dating the cut-off
Three dates are refused, and two of them name what would clear them.
The first is the mirror of the fence a cession puts up. Nothing you recorded may stand on or after the day the loan stopped being yours: a write-off there would be your judgement about a debt you no longer held.
422
written_off loan is otherwise ordinary to sell, and that is the case this exists for: a sold book is mostly a charged-off book. The loan reads ceded, the write-off stays among its facts, and what the write-off cost goes on being reported on every read.
Undoing one
A deal that collapses is corrected by retracting the cession, by event identifier, on the retraction route like any recorded fact. The loan then reads as whatever its remaining facts produce,written_off where one stands underneath, active where nothing does, and every figure the cut-off had stopped is derived again with nothing to unwind. Money reaches it again from the moment the retraction is recorded.
While a cession stands, it is the only fact that may be retracted. Retract it first and every other correction is available again exactly as it was before the sale.
The withdrawn cession stays readable among the loan’s facts and does not stand in the way of a later one. A deal that closes under a new cut-off is recorded as an ordinary second cession.
What stays yours
The Platform records that the loan left. It does not run the sale.
What the Platform holds is the record an audit reads: the cut-off, who recorded it, on what basis, what you attached to it, and every figure as of the days the loan was still yours.