What’s inside
- Read me
- How to use the tracker, and the rule that a waiver is a credit decision.
- Tracker
- One row per condition: loan, borrower, condition, CP or CS, category, due date, owner, status, evidence and date closed. Days overdue are calculated and overdue rows are highlighted.
- Summary
- Open, received, waived and overdue counts for CPs and CSs, updated automatically.
- Waivers
- Every waived or deferred condition with the reason, approver role and the authority it was approved under.
Preview
| Loan | Condition | Type | Due | Status |
|---|---|---|---|---|
| LN-001 | Executed loan agreement | CP | 20 Sep | Received |
| LN-001 | Creation and registration of charge | CS | 15 Oct | Open |
| LN-002 | Audited financials | CP | 30 Sep | Waived |
Sample rows only. Replace them with your own loans and conditions.
How to use it
- 1Add every condition when the loan is sanctioned, not when someone remembers it.
- 2Release a disbursement only when all its CPs are received or formally waived.
- 3Record every waiver on the Waivers sheet with the approver and the authority from your DoA matrix.
- 4Review open and overdue CS items every week until they are closed.
A template tells people the rules. A workflow makes them happen and keeps the evidence. Averoic runs processes like this as configured workflows, with a record of who did what and when.
Sample template. Adapt it to your own policies, Board approvals and applicable regulations. It is not legal or regulatory advice. Free to use and adapt within your organisation.
Frequently asked questions
What is the difference between a condition precedent and a condition subsequent?
A condition precedent must be met before the lender disburses, such as signed documents or a board resolution. A condition subsequent must be completed within an agreed time after disbursement, such as registering a charge.
How should CP waivers be handled?
As credit decisions: approved by someone with the authority to waive, with a written reason and, where relevant, a new due date, and recorded so the decision can be shown later.