Reference
Shared-Risk Loan Syndication Engine glossary
Terms used in Shared-Risk Loan Syndication Engine and its documentation.
Applies to Shared-Risk Loan Syndication Engine as it works today. Moraph updates the platform continuously, and this page is reviewed when it changes.
Terms used in Shared-Risk Loan Syndication Engine and its documentation.
| Term | Meaning |
|---|---|
| Participation | An interest in a loan sold by the originating credit union to one or more partner institutions, who share in its payments and risk. |
| Originator or seller | The credit union that made the loan and offers participation interests in it. |
| Participant or buyer | An institution that commits to buy a participation interest. |
| Retained share | The part of the loan the seller keeps rather than selling to participants. |
| Commitment | A buyer's agreement to purchase a stated amount of an offered participation. |
| Allocation | Assigning partner commitments against the amount offered until the offer is filled. |
| Policy screen | The automatic check of an offer against a buyer's eligibility criteria and concentration limits before credit review. |
| Policy override | An approval given outside a configured limit, recorded with the reason and the approver. |
| Remittance | A participant's calculated share of principal, interest and fees for a period, sent through the seller's own payment channel. |
| Servicing retained | The fee the seller keeps from interest for continuing to service the loan. |
Was this page helpful?
Report a problem with this page
Need help with your own setup rather than this page? Raise a support ticket.