The numbers an analyst reviewed and a second person approved become the memo — in DOCX for editing and PDF for the file, with the evidence pages and the audit trail attached.
Each section is switchable per client template. The memo is a working paper for the credit analyst, not a substitute for the credit assessment.
| Section | Content |
|---|---|
| Rating and drivers | The indicative metrics-implied rating with the four ratios behind it and the overlays applied. |
| Balance-sheet spread | The standardized balance sheet with derived totals — total assets, equity, liabilities and the balance identity. |
| P&L waterfall | Revenue to net income, each rung with its displayed terms, the sum, and a verdict on whether the walk-down foots. |
| Ratios and series | Leverage, coverage, margin and liquidity ratios, with the multi-year series where earlier years exist for the issuer. |
| Peer comparison | Optional: the issuer against a chosen peer set on the same normalized basis. |
| Evidence | Page images of the statements used, with recognition confidence where a page was read by OCR. |
| Quality checks | The document's quality signals as shown in the view — balance identity, reconciliation, provenance. |
| Notes / off-balance | Debt maturity ladder, lease schedule, undrawn facilities and the derived covenant fields, when note pages were given. |
| Analyst notes and trail | The analyst's own notes, every manual override, and the review and approval history. |
The memo is generated from the figures displayed in the document view at that moment — the ones the analyst corrected and the reviewer approved. Nothing is re-derived on the way into the document, so the memo cannot disagree with the screen, the API or the data warehouse. The DOCX and the PDF print identical strings.
Every generated memo is stored with the document and listed for download, so the version that went into a credit file can be retrieved later. A standard disclaimer states the source of the figures and that rows read by OCR must be verified against the page.
Client name, logo, primary colour and font come from a template file; a client-specific file overrides the default, section by section.
Each of the nine sections can be switched on or off per template, so a monitoring memo and an origination memo can differ without any code change.
Decimals, thousands separator and negative style (parentheses or minus) follow the template, matching the institution's house style.
The DOCX is a normal Word document and can be edited after generation. The generated version is stored unchanged with the document, so the original remains on record.
No. It assembles the reviewed financials, ratios, indicative rating, evidence and trail. The analysis and the recommendation remain the analyst's; the memo is the working paper underneath them.
They are printed in the quality-checks section exactly as shown in the view. The memo never hides a reconciliation gap — the walk-down verdict says whether the P&L foots.
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