We write about one thing: how receivables-backed facility reporting actually gets built from source data. Borrowing base certificates, eligibility rules, reserves, servicer reports, and the workflows behind them. Written for treasury, finance, controllers, and lending teams.
What a borrowing base certificate is, what goes in it, how the calculation flows from gross AR to availability, and where teams get it wrong.
Read article →The reports receivables finance borrowers actually owe their lenders: certificates, agings, servicer reports, roll-forwards, and what audit-ready really means.
The eligibility tests that shrink gross AR into eligible collateral, a worked example from $22M to $16.7M, and the habits that keep ineligibles low.
A borrowing base certificate is only as trustworthy as the data and rules behind it. Here's what it really attests to, and the failure points that quietly create credit risk.
The 90 day aging rule explained: why lenders draw the line there, the cliff effect at day 91, cross-aging fallout, and what collections speed is worth in cash.
How concentration caps work: a worked 10 percent cap example, the obligor identity trap, tiered caps by rating, and monitoring between certificates.
Three borrowing base adjustments that remove invoices that are not late: how cross-aging, contras, and disputes work, and how to find them first.
The full certificate line structure with worked numbers, supporting schedules, and customization notes by facility type.