Credit Monitoring
Creditwatch, ASIC & Commercial Bureau Triggers
Each borrower is placed under “alert notice” with the Mercantile Agents in the event that any adverse information i.e. ASIC and Commercial Bureau Triggers are received e.g. on Shareholdings & Officeholders, Change in officeholders.*
A level of importance is set for the information, see the headings below
Important
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Change in share details
Change in share structure
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Share issue or cancellation
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Change of Directors
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Enquiries, Court Actions & Defaults
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Court Actions
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Mercantile Enquiry
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Telco / Utility Enquiry
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Payment Default
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New / Updated address
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Organisation status change
Change to company constitution
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Notification of resolution
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Change of organisation details
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Financials
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Company Solvency Statement
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Change in charges
Critical
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File Note Added
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Financial Inquiry
- Administration
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Change of company name, class or type
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Company Financial Details
- Foreign company financial details
Borrower Analysis and Review
Marketlend and the Insurer (where applicable) will rate the borrowers based on the information available to them at the time of the application, the information may include:
- Mercantile Report – Search & Adverse
- Financials (if available)
- Industry Sector
- Years Established
- Director’s Background
- Direct Approach – physical visit and/or phone call
Marketlend has a borrower review schedule based on the risk and the approved Exposure.
Please email: risk@marketlend.com.au for more details.