Help Deciphering the points on this 200 point contract please

[Theta]

There are currently 148 points (99 points banked from Aug. 2019 & 49 points from Aug. 2020)
+ 215 points as of Aug. 2021 (32 points banked from Aug. 2020 & 183 points from Aug. 2021)
+ 200 points coming Aug. 2022

Not sure why I am so confused with this. I guess I don't quite understand why all the different banking and borrowing that went on here?? Like why are there still 99 points banked from Aug 2019 and why are not all the Aug 2021 points there?

I guess my main question is if there are 148 points currently available, these would have to be used by July 31st, 2021, correct?

 

[Marionnette]

There are currently 148 points (99 points banked from Aug. 2019 & 49 points from Aug. 2020)
+ 215 points as of Aug. 2021 (32 points banked from Aug. 2020 & 183 points from Aug. 2021)
+ 200 points coming Aug. 2022

Not sure why I am so confused with this. I guess I don't quite understand why all the different banking and borrowing that went on here?? Like why are there still 99 points banked from Aug 2019 and why are not all the Aug 2021 points there?

I guess my main question is if there are 148 points currently available, these would have to be used by July 31st, 2021, correct?

I know that for me, there was a lot of borrowing that took place to make reservations in my Dec 2019 UY. Then COVID hit. Reservations got canceled. New reservations were made. Points were extended. Points were reallocated. Points needed to be banked into 2020. IOW, it became a real mess.

To address your first question "Why are there still 99 points banked from Aug 2019?" Those points are there because they were banked into 2020. We are still in an Aug 2020 UY. Those points expire July 31, 2021.

"Why are not all the Aug 2021 points there?" Those points had probably been borrowed to make a reservation that occurred some time between Aug. 1, 2020 and today. Points are taken in this order: holding, banked, borrowed, transferred, annual allotment. It looks like the owner had booked a trip that used their banked points earlier (Trip A), and then booked a trip that needed additional points (Trip B) so they borrowed. Trip A got canceled but the owner didn't know that they could reallocate those banked points to Trip B and get the borrowed points put back in the original UY as per the temporary COVID change to borrowing rules.

Finally, the 49 current points from 2020 have not been banked. You could request that they get banked into 2021 as a condition of sale. The banking deadline for Aug UYs is March 31.

 

[drusba]

If there are 99 unused banked Aug 2019 points in the Aug 2020 use year, those must be used by July 31, 2021. The 49 August 2020 points can either be used by July 31, 2021 or banked into the Aug 2021 use year, but any such act of banking must occur by March 31, 2021 and if you are considering the purchase of the contract, it likely will not close before March 31 and thus the only person who can bank those points now is the current owner.

It is difficult to figure out how the point status became what it is and likely the only way to determine it is to ask the owner. I am guessing there may have been a reservation that got cancelled as a result of covid but another reservation initially reserved before the other was cancelled actually occurred, possibly in Fall 2020.

 

[CarolMN]

To address your first question "Why are there still 99 points banked from Aug 2019?" Those points are there because they were banked into 2020. We are still in an Aug 2020 UY. Those points expire July 31, 2020.

This was a typo. I'm 100% sure Marionnette meant that the banked points from 2019 expire on July 31, 2021.

 

[Marionnette]

This was a typo. I'm 100% sure Marionnette meant that the banked points from 2019 expire on July 31, 2021.

Thank you. I corrected my PP. My mind is still stuck in 2020.