A credit facility is a lengthy and detailed agreement that certainly includes checking for other debt and checking for liens on the collateral. Liens are usually documented by a UCC filing which is public information.
Traditional banks are required to conduct deeper reviews, often looking at UCC filings, lien searches, and bank statements. Private debt lenders may not apply the same level of scrutiny unless explicitly required by their internal policies
>"increased regulations and capital requirements made it more challenging for traditional banks to issue certain types of loans."
Basel III requirements post-GFC made it expensive for banks to hold riskier loans so private credit was born.
Chinese engineers call the US escorts on Teams and tell them what to copy & paste into US government cloud terminals. The Chinese don't see the screen or touch the keyboard attached to the government cloud so they "don't" break the letter of the law.
I think you mis-read the article. Chinese engineers are operating US government cloud computers by proxy. The Chinese just don't see the computer screen. A US grunt copies & pastes the Chinese's commands into the system during a Teams call.
Chinese engineers are operating US government cloud computers by proxy. The Chinese just don't see the computer screen--a proxy copies & pastes their commands and reads back the results.
Appreciate it, yeah to our knowledge Dynamics is the only one, they've got the 'we're Microsoft' advantage in that regard, but we're proud of our sheet and hope to grow it into something that's more learnable/usable/helpful than excel itself
I believe client accounting firms, and probably companies themselves, would appreciate standardized accounting workpapers such as a loan amortization schedule, salary accrual schedule (to accrue salaries daily based on historical rates), depreciation schedule, and more. If you think of categorizing transactions as not only putting them in their final resting place (an account) but also as tagging them with special attributes (e.g. the attribute of needing to be accounted for in an aforementioned schedule), you'll have a killer innovation IMO. Many will tell you the dream of standardization is unrealistic but accounting methods are finite and a majority are well defined. You don't have to cover all use cases to win the hearts and minds of most who will see the value in prebuilt, integrated worksheets. Just an opinion from a client accounting manager who loves tools and applied theory.
