Madiston Platform Configuration Questionnaire.

Madiston Platform Configuration Questionnaire

Please complete all required fields!

Please complete this questionnaire as accurately as possible, in one sitting (it only takes a few minutes) and remember to click the "SAVE" button to finalise it, otherwise your answers will be lost!
This will help us accurately define and configure the initial, phase 1, system that you require. It is important to keep the phase 1 system to the minimum, essential items for going live only. This keeps timescales and initial costs down and other features can easily be added later.

Name(*)

Please type your full name.

E-mail(*)

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What is your position in the company?(*)

CEOCFOCTOCOOResearcherOther

Please specify your position in the company

Other position(*)

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Please answer the following to tell us a little about your company.

Company name(*)

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What developmental stage is the company?(*)

Please tell us how big is your company.

The number of employees in the company?(*)

Please tell us how big is your company.

Please answer the following to tell us about your online borrowing/lending/investing requirements.

What are the different types of borrower you are expecting?(*)

ConsumerHigh net worth individualHigh income individualSophisticated investorSole traderPartnershipLimited partnershipLimited companyPublic limited companyOrganisationOther

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Other types of borrower(*)

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What are the different types of lender and/or investor that you are expecting?(*)

ConsumerHigh net worth individualHigh income individualSophisticated investorSole traderPartnershipLimited partnershipFinancial institution limited companyFinancial institution public limited companyCorporation limited companyCorporation public limited companyFamily officeIn house fund or funds (balance sheet lending)CharityOrganisationGovernmentOther

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Other types of lender(*)

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What type of loans and/or what are the loans financing?(*)

Personal loansSalary deducted employee loansPoint of sale, embedded finance, BNPL loansSole trader business loansCompany business loansProperty bridging loansProperty purchase loansProperty development loansOther asset purchase loansRegulated loans (e.g. Peer to peer loans/retail lenders)Unregulated loans (e.g. business/institutional loansOther loans

Please check Loans to Finance

Other types of loans(*)

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Will the loans be secured or unsecured?(*)

UnsecuredSecuredBoth

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What types of security are to be taken?(*)

Personal/director guaranteeCommercial propertyResidential propertyBuy to let propertyProperty developmentFixed chargeFloating chargeCommodityJeweleryCarsYachtsAntiquesArtOther

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Other types of security(*)

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What are the expected loan types?(*)

AmortisingInterest onlyRoll upRevolving creditOther

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Other loan types(*)

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Are the loan interest rates to be set by the platform?(*)

Interest rate setInterest rate not setMixed

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'Interest rate set' - the loan request is 'priced' with the interest rate set by the platform operator, the auction is "first come first served", when fully funded it closes.
'Interest rate not set' - the lender decides the rate in the bid placed in the reverse auction process. Underbidding and dynamic bidding enabled

Loan request bid/match style?(*)

ListingPooled matchedAutolend matched

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'Listing' - visible loan request.
If 'Interest rate not set' is chosen in the above question then this is a reverse auction where the lower interest rate lender bids fully funding the loan will win the auction.
If 'Interest rate set' is chosen in the above question then this is a first come first served auction where all the lender bids fully funding the loan will win the auction.
'Pooled matched' - invisible automatic process matching lenders' funds into pre-defined packaged investment products.
'AutoLend matched' - invisible automatic process matching lenders' lending portfolio parameters with borrowers' loans.

Single or multiple currency?(*)

SingleMultiple

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Currency(*)

GBP British pounds sterlingEUR EurosUSD US DollarsBBD Barbados DollarsJMD Jamaican DollarsTTD Trinidad & Tobago DollarsOther/s

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Other currency(*)

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Currencies(*)

GBP British pounds sterlingEUR EurosUSD US DollarsBBD Barbados DollarsJMD Jamaican DollarsTTD Trinidad & Tobago DollarsOther/s

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Other Currencies(*)

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Enter multiple currencies comma space separated e.g. swedish krona, norwegian krone, etc

Loan size minimum(*)

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Currency of loan min and max(*)

GBP British pounds sterlingEUR EurosUSD US DollarsBBD Barbados DollarsJMD Jamaican DollarsTTD Trinidad & Tobago Dollars

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Loan size maximum(*)

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Loan term minimum in months(*)

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Loan term maximum in months(*)

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When are borrower fees deducted??(*)

When the loan is disbursedMonthlyOther

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Borrower fees deducted other(*)

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How are borrower fees calculated?(*)

Flat ratePercent rateRate tableNoneOther

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Borrower fees calculated other(*)

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When are lender/investor fees deducted?(*)

When money is lent & monthlyWhen money is lentMonthlyDeducted from repaymentsNo feesOther

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Lender fees deducted when other(*)

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How are lender/investor fees calculated?(*)

Flat ratePercent rateRate tableNoneOther

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Lender fees calculated other(*)

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Will you run a contingency fund?(*)

NoYes

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Sometimes referred to as a compensation fund or a provision fund. To protect lenders from borrower default.

Who contributes to the contingency fund?(*)

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Contingency fund funded by?(*)

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How are contingency fund contributions calculated?(*)

Borrower percent rateBorrower flat rateLender percent rateLender flat rateOther

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Contingency fund fees other(*)

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Do you require a secondary market for loans?(*)

NoYes

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To enable lenders to sell their loan parts before maturity

Secondary market style required?(*)

Platform originated loansOff platform originated loansListingAutomatic(c)Other

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'Automatic' - invisible automatic process matching buyers and sellers requirements.
'Listing' - visible secondary market loans, bidding in auction and buy now

Secondary market type other?(*)

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How are secondary market seller fees to be calculated?(*)

Flat ratePercent rateRate tableNoneOther

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Secondary market seller fees other method?(*)

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How are secondary market buyer fees to be calculated?(*)

Flat ratePercent rateRate tableNoneOther

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Secondary market buyer fees other method?(*)

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How are credit risk decisions to be processed?(*)

OfflineOnlineNot required

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Online risk decisioning will add to the implementation timescale and cost as a risk decisioning engine and risk model need to be constructed.

Do you wish to use our Risk Analysis Decision Engine - RADE?(*)

YesNo

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How is credit referencing to be processed?(*)

OfflineOnlineNot required

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'Offline' credit referencing will require an approve/reject entry in this system.
'Online' credit referencing will add to the implementation timescale and cost as integration with the credit information and a credit decisioning model needs to be constructed.
'Not required' means that this process will not impact the system.

What payment services are required?(*)

OfflineDirect CreditFaster PaymentsDirect Debit/ACHOpen Banking paymentsPayPalPayseraNot requiredOther

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Payment services required other(*)

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Which bank is to be used as the platform bank?(*)

BarclaysHSBCRBS - Nat WestSantanderHBOSRoyal Bank of CanadaBank of Nova ScotiaCIBC FirstCaribbean International BankRepublic BankNational Commercial BankOther

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Bank other(*)

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Barclays service(*)

Barclays.netBarclays online

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How are lender deposits to be processed?(*)

Manual entry of lender transferBank statement file upload

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How are loan disbursals to be processed(*)

Manual entry of bank transferDirect credit file downloadFaster payments file downloadOpen Banking payment

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How are loan repayments to be processed?(*)

Manual entryStanding orderDirect debitBank transfer

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What method will be used for collecting loan repayments)?(*)

Borrower transferStanding orderDirect debit/ACHDirect debit bureau Not requiredOther

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Direct debit method other(*)

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What method will be used for lender/investor withdrawals?(*)

Manual entryFaster payments file downloadDirect credit file download

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