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Getting Started — Loans

Access all your lending relationships in one place via a single, streamlined workflow!

Overview

1

Select the Loans icon in the left hand side bar of your Paradigm application

2

View consists of LRFQ button, LRFQ Table
and Loans Tape Table

LRFQ Table

1

The top table will be the LRFQs that you're involved in: either you sent the LRFQ or received one

2

You can see the different "Status" of each LRFQ

  1. "Active" is an LRFQ that you can receive or send quotes upon as well as execute upon
  2. "Pending Approval" is an LRFQ that is awaiting Fireblocks Mobile Approval from both counterparties before each transfer is initiated
  3. “Pending Clearing” is an LRFQ that is pending the blockchain(s) of the assets being transferred updating to reflect the “confirming” status on the blockchain(s)
  4. "Filled" is an LRFQ wherein the blockchain(s) of the assets being transferred have updated to reflect the “confirming” status on the blockchain(s)
  5. "Canceled" is an LRFQ that was canceled
  6. "Trd Away" is an LRFQ that has been won by another quote provider
  7. "Expired" is an LRFQ that has exceeded the allow execution window
3

You may see a value in the "Desk" column:

  1. For LRFQ receivers the originators Desk Ticker will be shown
  2. For LRFQ originator the rate providers Desk Ticker will be shown

Sending an LRFQ

1

Click the blue "LRFQ" button above the LRFQ Table

2

Create the Term sheet with the LRFQ Builder

  1. Choose if you would like to create a “Borrow” or “Lend” LRFQ
  2. Select Venue (Fireblocks or Bilateral)
  3. Select Principal and Collateral Assets
  4. Enter Principal and Collateral Notional Amounts
  5. Select the Loan Term
  6. Enter Refill & Refund band percentages
  7. Select the Interest Type and Payment Frequency
3

Select the Counterparties you would like to send the LRFQ to

    Respond to an LRFQ

    1

    Once you send the LRFQ, it will now appear in your LRFQ Table. The Status will show "Active". In the rate field a loading animation will appear while the LRFQ receiver responds with a rate.

    2

    If you have received an LRFQ, you will see a "Quote" button. Click that button to provide a rate via the Quote modal.

    3

    You will be prompted to submit a rate and enter notes if you would like.

    4

    Your rate will be valid for 5 minutes.

    5

    If your rate expires and the LRFQ is still Active, receivers can continue to quote rates until the LRFQ status changes to Pending Approval, Filled, Trd Away, Canceled, or Expired.

    6

    You can also cancel your rate, by clicking "Kill"
    next to the rate.

    Agreeing on a Rate

    1

    As each Receiver responds with a rate, you as a Originator, will see the rates aggregated and listed in order of best rate.

    2

    For some rates a yellow circle might be shown. That indicates that the rate provider has added notes together with the rate that will apply if executed.

    3

    The Desk Ticker will be displayed next to each rate.

    4

    The Originator will have "Borrow"/"Lend" buttons to click and execute.

    5

    When Originator clicks on "Borrow"/"Lend" a popup confirmation is shown with all the details and notes if provided.

    6

    Once an "Accept & Borrow"/"Accept & Lend" button is selected, those instructions are executed.

    7

    The execution will hit the public Loans Table below.

    Loans Tape Table

    1

    Recap of all loans on the Paradigm platform
    even if you did not participate
    in the transaction