Reference
Dynamic Collateral Monitor glossary
Terms used in Dynamic Collateral Monitor and its documentation.
Applies to Dynamic Collateral Monitor as it works today. Moraph updates the platform continuously, and this page is reviewed when it changes.
Terms used in Dynamic Collateral Monitor and its documentation.
| Term | Meaning |
|---|---|
| Borrowing base certificate | The borrower's periodic report of collateral and the availability it supports. |
| Availability | The amount the borrower may draw, based on eligible collateral, advance rates and reserves. |
| Ineligibles | Receivables excluded from the borrowing base under the loan agreement's criteria. |
| Dilution | Reductions in receivables from credit memos, write-offs and non-cash adjustments. |
| Cross-aging | A rule that makes all of a debtor's receivables ineligible when a set share of them is past the aging cutoff. |
| Concentration limit | The largest share of the borrowing base one account debtor may represent. |
| Account debtor | The borrower's customer who owes the receivable. |
| Recalculated availability | Availability rebuilt from the borrower's ledger as of the certificate date. |
| Debtor verification | Confirmation of selected invoices requested directly from the account debtor. |
| Field exam | An on-site or remote examination of the borrower's collateral and records. |
Was this page helpful?
Report a problem with this page
Need help with your own setup rather than this page? Raise a support ticket.