For Originators
Practical guide for originators - onboarding, structuring, and ongoing obligations
Port provides originators, intermediary platforms such as SCF platforms, fintech lenders, factoring companies, trade finance companies, and other credit providers, with access to institutional capital through tokenized credit facilities. Originators help source, underwrite, and service credit assets by utilizing Port's credit facilities.
Why Port
Fintech originators face a persistent challenge: scaling origination requires committed, reliable capital. Traditional funding sources like bank lines, bilateral agreements, fund allocations are slow to establish, operationally heavy, and often constrained by geography or relationship. Port offers originators:
Global capital access: Connection to a global base of institutional capital allocators (family offices, asset managers, digital asset funds) through a standardized facility structure, removing the need for bespoke bilateral negotiations.
Speed to capital: Once a Market is structured and launched, capital can be allocated and deployed in days rather than the months typically required to establish traditional funding lines.
Flexible structures: Multiple facility types (ABL revolving, ABL term, forward flow agreements) enable originators to choose the structure that best fits their origination model and asset characteristics.
Scalable growth: As the originator's pipeline grows, the Market can scale subject to ongoing credit performance, without requiring renegotiation of the entire funding structure.
Facility Types
Port supports Asset Backed Lending (ABL) Facilities (revolving or term, best for continuous receivable generation) and Forward Flow Agreements (best for standardized loan origination at scale). The choice depends on the originator's business model and asset characteristics.
Eligibility Requirements
Eligibility criteria are evaluated on a case-by-case basis. General requirements include:
Operating history: Minimum track record in the relevant asset class (typically 2+ years).
Portfolio scale: Demonstrated origination volume sufficient to support the proposed facility size.
Financial health: Adequate capitalization to maintain first-loss positions and operational obligations.
Regulatory compliance: Appropriate licensing and regulatory authorizations in the originator's jurisdictions.
Technology infrastructure: Systems capable of supporting reporting requirements and integration with Port's platform.
Corporate governance: Sound corporate governance, including independent oversight where applicable.
Onboarding Process
1. Initial Application
Originators fill the pre-qualification questionnaire that includes:
Company overview, corporate structure, and ownership.
Description of the business model and origination activities.
Historical portfolio data — origination volumes, default rates, recovery rates, and vintage analysis.
Audited financial statements (minimum two years where available).
Description of the proposed facility — asset class, expected volume, geographic focus, and desired structure.
2. Due Diligence
Port's credit team, supported by third-party risk assessment providers, conducts a comprehensive evaluation covering operational review, financial analysis, portfolio analysis, legal review, and background checks. See Pre-Launch Due Diligence for the full scope of evaluation for originator Markets.
3. Structuring
Based on the due diligence findings, the facility is structured with defined parameters — facility type and size, advance rates, concentration limits, tranche structure and first-loss requirements, covenant framework, insurance (if applicable), fee schedule, and reporting obligations. Terms are negotiated collaboratively between the originator and Port's structuring team. See Structural Protections for how each parameter is calibrated.
4. Legal Documentation
Legal counsel prepares the facility documentation, including:
Facility agreement (governing the lending or purchase relationship).
SPV formation and governance documents.
Security agreements (assignment, pledge, or true sale documentation).
Servicing agreement (defining the originator's ongoing obligations).
Backup servicing arrangements.
5. Launch
Once documentation is executed:
The Market is tokenized and published on the Port platform.
Market documentation (credit memorandum, risk assessment, facility terms) is made available to investors.
The Market opens for investor allocation.
Once sufficient capital is allocated, the originator can begin drawdowns.
Ongoing Obligations
After launch, originators are responsible for:
Reporting
Regular submission of portfolio data (or data integration with Port's platform) including:
Portfolio composition: Outstanding balances, new originations, collections, and maturities.
Performance metrics: Delinquency rates, default rates, recovery rates, and aging analysis.
Covenant compliance: Evidence of compliance with all financial and operational covenants.
Financial statements: Periodic submission of the originator's financial statements (quarterly or annually as required).
Reporting frequency and format are defined in the facility agreement. Port provides standardized reporting templates to streamline the process.
Servicing
The originator manages the ongoing servicing of the facility's underlying assets:
Processing collections and reconciling payments.
Managing obligor relationships and resolving disputes.
Executing recovery procedures for delinquent or defaulted assets.
Maintaining complete records of all facility activity.
Covenant Compliance
The originator must satisfy all covenants on an ongoing basis. Covenant breaches trigger defined escalation procedures, which may include enhanced reporting, drawdown suspension, or facility wind-down depending on severity.
Cooperation with Monitoring
Port's credit team conducts ongoing monitoring of the Market's performance. Originators are expected to cooperate with periodic credit reviews, respond to data requests, and facilitate any required on-site assessments.
Next: Review ABL Facilities and Forward Flow Agreements for detailed facility mechanics, or the Risk Framework for how Markets are evaluated and monitored.
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