Harmoney

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What are the risks to existing investors in the case where Harmoney loses its license? Would Harmony close up shop? What are implications to existing loans outstanding and their lenders?

I should expect no change to existing loans, but no new business for any clients under P2P framework - which doesn't seem too much of a loss from where we have arrived now with capital sitting idle and less than 10 loans a day for retail peers - which come 65% auto lent and are gone in a flash - or two!

Harmoney (or its agent) would still be up and running until all outstanding loans have defaulted/been fully paid off. There must be something about this under lender risks.