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Risk Level is a level that is based on our conditions for judge how high risk a Legal Entity is. The levels that exist in Lendysoft Bricknode Lending is Low, Normal and High. The default value for a Legal Entity’s risk level is Normal and could be set High if at least one of the conditions is true of the factors. For now no Legal Entity can get risk level Low.
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In Borrower, Lender and Signatory details view in attributes tab a Lendysoft Bricknode Lending user can set attributes to a Legal Entity. With those attributes the system can calculate which Risk Level the Legal Entity should have.
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Risk Level based on registers instead of attributes
Instead of users of Lendysoft Bricknode Lending goes in and set attributes manually for every Legal Entity the system can do it instead. The solution is to have a register that tells system what makes it a high risk. Example for Zip Code it will be that every Legal Entity that has a Zip Code 12345 should have a high risk and should set the Legal Entity risk level to High and set the attribute High Risk Zip Code.
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To have the Risk Level calculation based on the registers instead of attributes, Lendysoft Bricknode Lending need to be configurated. The options are in Risk Level Register view where it can get through the navigations list to admin view and last click is on Risk Level Registers. See the picture below.
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Politically Exposed Person Register
Lendysoft Bricknode Lending does not has its own Politically Exposed Person (PEP) register so it’s using Lendysoft’s Bricknode Lending's PEP screen result that it got from Trapets PEP register. Risk Level calculation gives High risk level and set attribute Politically Exposed Person if the Legal Entity has any unreviewed or any confirmed IsPEP that is from the latest results. More information you find in KYC Screens what the latest results means.
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About sanction is the same as Politically Exposed Person (PEP) that it’s using Trapets sanction register instead of PEP. Same about the calculation for Risk Level and add the attribute Sanction.
Zip Code Register
Lendysoft Bricknode Lending users is enabling to add Zip Codes into the register and set a risk level. If a Legal Entity has an Zip Code that exist in the register and its high, the Legal Entity will get risk level High and add the attribute High Risk Zip Code.
Standard Industrial Classification Register
Lendysoft Bricknode Lending users is enabling to add Standard Industrial Classification (SIC) into the register and set a risk level. If a company Legal Entity has an SIC that exist in the register and its high, the Legal Entityr will get risk level High and add the attribute High Risk Standard Industrial Classification.
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When a Legal Entity gets created, either from API or inside LendysoftBricknode Lending, it’s an option if Lendysoft Bricknode Lending should do a Risk Level calculation or not. The option’s check box is in the Risk Level Register view. The checkbox is next to the country drop down list with the name “Set Risk Level on Creation of Legal Entities”. The risk level calculation is the same as the night job.
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