On-chain credit

Where off-chain borrowers and originators are underwritten to the standard institutional investors now ask for.

6 stages, 25 workflows

Borrower to first call

One borrower or originator, from your target list to a first call. 4 workflows, then your reply.

Halvane Foodstuff Trading L.L.C.

4 workflows, then your replyOrigination

Builds the list of companies and originators that fit your lending criteria, from the sources you trust, and ranks them.
Read
1Your lending criteria2Your sources
Produced
A ranked list, each with the reason it fits12Done in 2 min 10 s
Hands to
The listDecision makers

Finds, in each company, the person who signs for financing and the person who runs its receivables.
Read
1The company2Its public record
Produced
Two named people per company, and how each was found12Done in 1 min 34 s
Hands to
The peopleCredit note

Writes a short note on each company: what it sells, who pays it and how it is funded today, every line quoted from a source.
Read
1The company's own pages and public filings
Produced
A one-page note per company1Done in 48 s
Hands to
The noteOutreach sequence

Drafts the first message and the follow-ups in your voice, and stops the moment the company replies.
Read
1The note2Your voice3Your terms
Produced
A sequence waiting for your approval123Done in 22 s
Hands to
The repliesYou

Nothing goes out without your approval, and every reply comes to you. The application follows from there.
Reads
Every reply, with the note on that company
Decides
Approve, revise or stop
Replies
YouAwaiting your reply

Opens the file, requests the documents the borrower's type requires and chases each one until it arrives.
Read
1The application2Your document list
Produced
An open file, every request tracked12Done in 3 days
Hands to
The documentsDocument check

Reads every document against the list: what is in, what is missing, what has expired, each cited to its page.
Read
1The documents the borrower sent2The list for its type
Produced
The borrower's file, with the names to screen12Done in 1 min 12 s
Hands to
The namesName screening

Screens every owner, director and guarantor against the lists you screen against, and explains each match.
Read
1The names from Document check2Your screening lists
Produced
Cleared names, and every match with its reasons12Done in 26 s
Hands to
The screened fileKYB read

Rates the borrower against your onboarding policy and writes the case for the rating, cited to the file.
Read
1The file2The screening results3Your policy
Produced
A rating and the reasons for it123Done in 41 s
Hands to
The cleared fileCompliance

Compliance reads the cleared file and decides. No borrower goes to underwriting without that signature.
Reads
The cleared file, every document cited
Decides
Approve, revise or stop
Signs
ComplianceAwaiting signature

Requests the financial pack, chases what is missing and checks every document against the list for the borrower's type.
Read
1The cleared file2The credit document list
Produced
A complete pack, every document named and dated12Done in 2 days
Hands to
The packFinancial spreading

Reads the statements and the receivables ageing into your template, line by line, and ties every figure to the page it came from.
Read
1The statements in the pack2Your spreading template
Produced
Confirmed figures, each cited to its page12Done in 1 min 12 s
Hands to
Confirmed figuresCredit scoring

Runs your scorecard on the confirmed figures and shows which inputs moved the rating.
Read
1Confirmed figures from Spreading2Your scorecard
Produced
A rating with its drivers, and every policy limit it touches12Done in 9 s
Hands to
The ratingCredit memo

Drafts the credit memo and the proposed terms from the borrower's documents and its confirmed figures. Every figure is cited, and it sets no rating.
Read
1Confirmed figures2The rating3The borrower's documents
Produced
A draft memo in your committee format, every figure cited123Done in 2 min 40 s
Hands to
The draft memoVerification

Checks every figure and statement in the memo against its source, and lists whatever does not tie.
Read
1The draft memo2The pack
Produced
A verified memo, or the list of what does not tie12Done in 38 s
Hands to
The verified memoThe committee

Two signers read the verified memo and decide. Nothing is approved until both have signed.
Reads
The verified memo, with the pack behind it
Decides
Approve, revise or stop
Signers
Head of credit and chief risk officerAwaiting signature

Drafts the term sheet from the approved memo and your standard terms, and marks every term that departs from them.
Read
1The approved memo2Your standard terms
Produced
A draft term sheet, every departure marked12Done in 1 min 5 s
Hands to
The term sheetFacility agreement

Drafts the facility agreement from the signed term sheet and reads the borrower's comments against your positions.
Read
1The term sheet2Your positions3The borrower's mark-up
Produced
A draft agreement, every departure cited to its clause123Done in 3 min 20 s
Hands to
The agreementSecurity package

Drafts the security documents the deal needs, from the pledge to the assignment of receivables and the account control agreement.
Read
1The term sheet2The collateral3Your forms
Produced
A security package in your forms123Done in 2 min 2 s
Hands to
The security packageConditions precedent

Builds the conditions precedent checklist and marks what the file already satisfies.
Read
1The agreement2The borrower's file
Produced
A CP checklist, each item with its evidence12Done in 31 s
Hands to
The checklistThe signatories

Your signatories read the exceptions, each cited to its clause, before anyone signs.
Reads
The agreement, the security package and the CP checklist
Decides
Approve, revise or stop
Signs
Your signatoriesAwaiting signature

Recomputes the borrowing base from the eligible receivables and assets each time the data changes.
Read
1The book2Your eligibility rules
Produced
A borrowing base, every exclusion explained12Done in 12 s
Hands to
The borrowing baseCovenant tests

Tests every covenant on the latest figures and flags a near breach before it becomes one.
Read
1The borrower's latest figures2The facility terms
Produced
Every covenant with its test, its threshold and today's value12Done in 18 s
Hands to
The testsRepayments

Matches every repayment to its schedule and lists what is late, and by how long.
Read
1Bank statements2The repayment schedules
Produced
A reconciled schedule, and every late payment12Done in 24 s
Hands to
The late listCollections

Drafts the reminder, the chase and the escalation for each late payment, in your voice.
Read
1The late list2Your collections policy
Produced
A collections queue waiting for approval12Done in 36 s
Hands to
The queueThe credit officer

The credit officer reads every breach and every late account and decides the next step. Nothing goes to a borrower without approval.
Reads
Every breach and late account, with its evidence
Decides
Approve, revise or stop
Signs
Credit officerAwaiting signature

Builds the loan tape for the facility from the records already on file, loan by loan.
Read
1The book2The facility terms
Produced
A loan tape, every line tied to its loan12Done in 21 s
Hands to
The tapeEligibility

Tests every loan against the facility's eligibility criteria and gives the reason for each one excluded.
Read
1The tape2The eligibility criteria
Produced
Eligible and excluded loans, each with its reason12Done in 14 s
Hands to
The eligible bookFacility covenants

Tests the facility's own covenants on the book as it stands today.
Read
1The eligible book2The facility covenants
Produced
Every covenant tested, with today's value12Done in 11 s
Hands to
The testsFunder report

Drafts the report in the funder's format, every figure carrying the record it came from.
Read
1The tape2The tests3Last period's report
Produced
A draft report, every figure cited123Done in 1 min 48 s
Hands to
The draft reportThe CFO

The CFO reads the draft and signs it. Nothing reaches a funder before that.
Reads
The draft, every figure cited
Decides
Approve, revise or stop
Signs
CFOAwaiting signature

Nothing goes out without your approval, and every reply comes to you. The application follows from there.
Reads
Every reply, with the note on that company
Decides
Approve, revise or stop
Replies
YouAwaiting your reply

Each stage is built to your credit policy and proven on your past files before it goes live.

See this stage

What changes for an on-chain credit platform

Originators held to a standard

Every originator taken through due diligence and underwriting before its first pool.

Pools that can be checked

Loan tapes tied loan by loan, with the eligibility of each loan explained.

Investors shown the record

Reports drafted from the book and signed before they are published.

The work it runs

Where on-chain credit stalls: an originator’s loan tape that does not tie. Deal acceleration sees it, names who owes the move and drafts it, one press away.

How deal acceleration works →

Originator due diligence

The originator’s licences, owners, book and track record read and screened.

Pool underwriting

The pool’s loan tape read, tested against your criteria and summarised for the committee.

Loan tape and eligibility

Every loan tied to its record, every exclusion explained.

Investor reporting

Performance, covenants and the report, drafted from the book and signed.

How we work with lenders

Your credit policy, written down

We sit with your credit team and write down how it decides. The system follows those rules from the first day.

Proven on your past files

It runs on files you have already decided, and goes live only when it matches your committee.

A person signs every decision

Compliance, the committee, your signatories and the credit officer sign every step that needs them.

A team on your floor

We build it with your people in Dubai, Abu Dhabi and Doha, then run it and extend it with them.

Go deeper

Underwriting

From the cleared file to a signed committee decision.

Monitoring

Every facility after signing.

Funders

Your book, shown to the people who fund it.

On-chain credit

Borrower to first call

Halvane Foodstuff Trading L.L.C.

Halvane Foodstuff Trading L.L.C.

Halvane Foodstuff Trading L.L.C.

Wendlebury Tooling Ltd

Harlowmere Packaging

Kerrowan warehouse line

Halvane Foodstuff Trading L.L.C.

What changes for an on-chain credit platform

The work it runs

How we work with lenders

Your credit policy, written down

Proven on your past files

A person signs every decision

A team on your floor

Go deeper