As highlighted in On Demand Credit Facility Overview and Process, there are three main steps in onboarding a facility with our Managed Credit Facility Offering. While the interface allows for a user to onboard fully self sufficiently, dv01 is happy to help with the onboarding:


  1. Runs and Create Borrowing Base
    1. Access different runs (scenarios) and create a borrowing base.
    2. Linking and configuring the datasets that dv01 has ingested as well as mapping the fields needed for each dataset.
  2. Templates and Defining Variables - Borrowing Base Generation
    1. Creating or using a template.
    2. Defining eligibility restrictions, advance rates, excess concentrations, leverage reduction amounts (reserve accounts), manual inputs, and aggregations.
  3. Generate a Borrowing Base
    1. Automation of the borrowing base output.
    2. View the output via our front end and download the excel report highlighting the loan tape, borrowing base specific output, and custom aggregations.


In this section, we will run through generating a borrowing base and the output.


Generate Borrowing Base


In the Edit and Run page, selecting Generate Borrowing Base allows for the automation and output to be created. Users will be able to:

  • View excess concentration tests, eligibility output, reporting aggregates, and the advance rate waterfall. 
  • Mark the report as executed (so they can see the final version sent to the lender).
  • Download the borrowing base report into excel or other formats.
  • Go back into Edit Runs to update any defined variables.


Output


When downloading the excel file for the borrowing base via the green box on the report page, the user will be able to see:

  • Defined excess concentration tests and reporting aggregates.
  • Calculation of the borrowing base.
  • loan-level tape used for the borrowing base.
  • Specific formulas on the output