GUARANTEE LIABILITIES

12 Months Ended

Dec. 31, 2019

4.	GUARANTEE LIABILITIES

The Company’s movement on liabilities from the investor assurance program and other guarantee liabilities for the years ended December 31, 2018 and 2019 is as follows:


	Current loan products			Other online standard loan products			Offline and non- standard loan Products			Total
	RMB			RMB			RMB			RMB
Opening balance as of January 1, 2018		827,703			741,275			2,149,374			3,718,352
Liability arising from new business		968,732			373			710			969,815
Net payouts for loans originated in 2015		—			—			(792,923	)		(792,923	)
Net payouts for loans originated in 2016		254			(4,412	)		(750,399	)		(754,557	)
Net payouts for loans originated in 2017		(778,674	)		(399,874	)		(231,609	)		(1,410,157	)
Net payouts for loans originated in 2018		(519,849	)		(146	)		(333	)		(520,328	)
Release on expiration		(27,021	)		(89,582	)		(1,918	)		(118,521	)
Contingent liability accrued		103,964			6,386			349,101			459,451

Ending balance as of December 31, 2018		575,109			254,020			722,003			1,551,132


	Current loan products			Other online standard loan products			Offline and non- standard loan Products			Total
	RMB			RMB			RMB			RMB
Opening balance as of January 1, 2019		575,109			254,020			722,003			1,551,132
Liability arising from new business		—			—			—			—
Net payouts for loans originated in 2015		—			—			(15,999	)		(15,999	)
Net payouts for loans originated in 2016		391			(431	)		(229,430	)		(229,470	)
Net payouts for loans originated in 2017		(181,253	)		(7,140	)		(86,452	)		(274,845	)
Net payouts for loans originated in 2018		(321,276	)		(2	)		(109	)		(321,387	)
Release on expiration		(1,648	)		(6	)		(1,177	)		(2,831	)
Transfer out due to disposal of Shanghai Caiyin		(71,323	)		(246,441	)		(388,836	)		(706,600	)
Ending balance as of December 31, 2019		—			—			—			—