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How to fill out the Due Diligence Form online
The Due Diligence Form is essential for becoming a MYC4 Partner, requiring detailed information for a thorough assessment. This guide will provide clear instructions on completing the form online, ensuring a smooth and efficient process.
Follow the steps to complete the Due Diligence Form efficiently.
- Click the ‘Get Form’ button to obtain the Due Diligence Form and open it in your preferred editor.
- Begin with the legal documentation section. Prepare to submit the necessary legal corporate entity documents, including articles of incorporation, licenses, and details about shareholders with 20% or more ownership.
- For organizational background, attach the latest audited financial statements, management report, strategic plan, and biographies of the leadership team. Prepare to outline the organizational structure and any external ratings received.
- In the MIS systems section, describe how you track your loan portfolio and transactions. Include details about the management information systems and accounting systems used, and attach any relevant reporting manuals if available.
- Fill out the portfolio performance section by detailing the size and breakdown of your current portfolio, including performance metrics such as PAR, arrears, restructured loans, and write-offs.
- For the risk management methodology assessment, provide documents outlining your loan policies and procedures, loan application processes, analysis tools, as well as disbursement and repayment processes.
- In the cash and legal management subsection, clarify the auditing process for accounts, include a draft of the loan contract used with borrowers, and outline cash management channels for both disbursement and repayment.
- After completing all sections, ensure all necessary documents are attached. Save your changes, and then choose to download, print, or share the form as needed.
Complete your Due Diligence Form online today to initiate your journey as a MYC4 Partner.
Requirements for due diligence can vary depending on the transaction type, but generally include financial statements, legal documents, and corporate governance records. Additionally, a thorough examination of operational and market factors is vital. Completing a Due Diligence Form ensures that you systematically cover all these requirements. Staying organized throughout the process improves the quality of the evaluation.
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