A checklist for back-up servicing arrangements relating to loans originated by marketplace lending platforms
“Having a back-up service provider is a crucial aspect of marketplace lending and provides investors with confidence that there is no platform failure risk attached to their lending.”
As with any other commercial arrangement, it’s critical that the parties have a common understanding of the key terms. This checklist is designed to speed up the negotiation and documentation process, by focussing the parties’ attention on the issues that matter.
“Good to see hardcore content entering the Fintech space. Can only professionalise firms who are now moving well beyond startup into ‘maturing’.”
The document consists of an 11-page, 141-point checklist of key negotiation points, and has been developed on the basis of our specialist experience in loan portfolios and securitisation structures.
The areas covered by the checklist include the following:
For more information about how P2P and online lending platforms can put in place back-up servicing arrangements, you can read the following article written by LCN Legal’s Marsili Hale and published in AltFi:
Download your free back-up servicing checklist for marketplace lending platforms.Checklist Download (.pdf)
LCN Legal can help you to put in place all types of loan servicing arrangements that work. We work exclusively on the basis of fixed fees, so that you are in control of your budget. To arrange a free introductory consultation with one of our speciaIists, call us on +44 20 3286 8868 or email us at email@example.com.
I had extremely valuable assistance and advice from Paul, not only as regards general corporate law matters, but across a wide spectrum of legal aspects of SEWS-E Ltd group transfer pricing policies, implementation, inter-group agreements and legal compliance."
Martin L Kinsey, Group Tax Manager a SEWS-E Ltd