Basic Asset Based Lending All attendees should have sample ABL spread handout so they can see the entirety

HELLO! I am Lisa Osborne You can find me at lisa.osborne@vsgsolutions.com

Basic Asset Based Lending Eliminate need to add multiple collateral items in attempt to track Borrowing Bases Quick Data Entry Calculate LOC Availability Analytics Monthly Borrowing Base Portfolio Reporting

Borrowing Base Requirements Unlimited Periods Ability to spread monthly, quarterly, annually depending on customer See period data side-by-side (trending) Ability to have multiple types of A/R or Inventory Ability to insert rows and re-label items Spreading actual, thousands or millions

Enabling “ABL” Functionality “ABL” enabled for a specific collateral type(s) Enabling “ABL” Functionality This will allow consolidate borrower base certificate – where a single certificate can be done for multiple collateral items Add “ABL” button to Collateral page if collateral is ABL type

To sum up requirements: Basic Spreading Functionality is required

Adding Multiple BB Schedules Click folder to access A/R or Inventory Schedules

Add New Schedule Add as many schedules as you need Only add it once then spread periods normally

Inventory

Multiple of same type required?

Ability to change labels or insert rows will be supported Accounts Receivable Default Advance Rate prefill? Same as normal A/R collateral type? What about Advance Rate – is it seasonally affected?

Borrowing Base Total all A/R Total all Inventory Any other types of ABL collateral required? Borrowing Base See handout

Notice: A/R Advance Rate A/R CAP Borrowing Base See handout

Borrowing Base (con’t) Notice: Inventory Advance Rate Inventory CAP Separate Borrowing Base Global CAP Borrowing Base (con’t) LOC Balance – from EOM that matches spread period? Allow you to bring in current period? Type in?

Analytics What other types of analysis do you perform? Liquidity Excess Availability/Short Fall Suppressed Availability

Reporting Discussion What type of reporting is required? Frequency – Monthly, Quarterly Officers doing the tracking or someone else? Track ABL based Loans Monthly Reporting

Borrowing Base Summary Report Monthly summary report of all Borrowing Base Certificates

Work Queues Do you need Work Queue? What for? Coming Due based upon BBC due date? Need to mix periods such as a queue with most recent periods for all customers? By Statement Period? Track ABL based Loans Monthly Reporting

THANKS! Any questions? lisa.osborne@vsgsolutions.com