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BRIEF-Yirendai enters into an agreement of intent on performance bond with PICC P&C
March 30, 2017 / 6:25 AM / 6 months ago

BRIEF-Yirendai enters into an agreement of intent on performance bond with PICC P&C

March 30 (Reuters) - Yirendai Ltd:

* Yirendai enters into an agreement of intent on performance bond with PICC P&C

* Says PICC P&C will provide Yirendai with performance bond for certain loans facilitated through company’s online marketplace

* Yirendai - PICC P&C to reimburse lenders within agreed scope should any losses incur due to co’s failure to perform adequate due diligence during credit underwriting process Source text for Eikon: Further company coverage: (Bengaluru Newsroom)

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