Periodic Monitoring Reports

Secured loans availed from lenders usually come with strict monitoring arrangements, wherein the borrower has to provide various statements in structured format to its lender, from time to time. The most common Periodic Monitoring Statements are Statement of Stocks and Book Debts (SS) and Financial Follow-Up Reports (FFR) (I and II). While SS, as on the last day of each month, has to be submitted within, usually, the 10th of the next month, FFR-I is required to be submitted quarterly and FFR-II half-yearly. In case of delay in submission, penal interest is usually applicable.