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Blog · Wallet share and penetration · Commercial banking

Lending-only on five borrowers: the whole arithmetic on one page

The complete lending-only relationship calculation on five borrowers, small enough to check by hand: the loan book with origination type, the deposit ledger and product holdings joined on the customer identifier, the lending-only test, the syndicate participation and the acquired portfolio flagged, the norm from the two full-relationship borrowers of the same size and sector, the value at norm for the lending-only borrowers, and the assertion that every borrower is in the master, so a reader can reproduce every figure and then run it on their own loan book and deposit ledger.

The short answerFive borrowers in the loan book, joined to the deposit ledger and product holdings on the customer identifier. The lending-only test is an active facility with no operating account, no treasury product, no card and deposits under a floor. Three pass the test; one is a syndicate participation and one an acquired portfolio, both flagged and excluded by default, leaving one direct lending-only borrower. The norm comes from the two borrowers of the same size and sector with an operating account: median deposits $1.9m and fees $41,000 a year. The direct lending-only borrower is valued at that. Every borrower is in the customer master. Every number can be reproduced by hand.

Lending-only is a join between the loan book and the deposit and product ledgers and a test per borrower, and on five borrowers the whole thing can be done by hand, including the two flags. This page works the join, the test, the flags, the norm, the value and the assertion.

The loan book

Borrower Sector Size Exposure Origination type Relationship manager
A Manufacturing Mid $8.2m Direct RM-04
B Real estate Mid $12.0m Syndicated participation RM-11
C Services Mid $5.5m Acquired portfolio RM-11
D Manufacturing Mid $6.0m Direct RM-04
E Manufacturing Mid $9.5m Direct RM-04

The deposit ledger and holdings, joined on the identifier

Borrower Operating account Deposit balance Treasury products Card Annual fees
A No $12,000 None No $0
B No $0 None No $0
C No $30,000 None No $0
D Yes $1,600,000 FX, payments Yes $38,000
E Yes $2,200,000 Payments Yes $44,000

The assertion

loan book customers ⊆ customer master: A, B, C, D, E all present. Holds.

The test

Lending-only = active facility and no operating account and no treasury product and no card and deposits under $50,000

Borrower Lending-only? Flag
A Yes Direct: on the list
B Yes Syndicated participation: excluded
C Yes Acquired portfolio: review
D No Full relationship
E No Full relationship

The norm, from D and E

Same cell: mid-sized manufacturing with an operating account.

Median deposits = median(1,600,000, 2,200,000) = $1,900,000 Median fees = median(38,000, 44,000) = $41,000

The value at norm

Borrower Exposure Deposits at norm Fees at norm Reading
A $8.2m $1.9m $41,000/yr The bank carries the credit; another bank has the operating relationship
C $5.5m not valued until reviewed RM-11 to say whether reachable
B $12.0m excluded Not a relationship

Rolled up

Relationship manager Direct lending-only Exposure Value at norm
RM-04 1 (A) $8.2m $1.9m deposits, $41,000 fees
RM-11 0 direct; 1 review (C) $5.5m pending

Lending-only share of the loan book by exposure, direct only: 8.2 ÷ 41.2 = 20 percent. With B and C: 62 percent, which is why the flags matter.

Where it goes wrong, even at five

Loan book and deposits never joined. A's exposure is on the credit report; A's absence of deposits is nowhere.

B counted. The list's largest line is a facility the bank bought a piece of.

C valued at norm. $1.9m of deposits at a borrower the relationship manager has never met.

Norm from a benchmark. Deposits per borrower from a survey; D and E are what this bank achieves.

From five to five thousand

The same join, test and flags per borrower, the norm per size and sector cell, per relationship manager. Covirage runs it on the loan book, the deposit ledger, the holdings and the master every quarter. The lending-only guide covers the measure, and the cross-sell measurement guide covers the product-count view it is the sharpest case of.

Questions people ask

Why exclude the syndicate participation?

Because the bank bought a share of another bank's facility; the borrower has no relationship with this bank and never will through that facility. It is real exposure and not a cross-sell opportunity, and the origination type on the loan record says so.

Why is the acquired portfolio on review rather than excluded?

Because a borrower that came with an acquired book may or may not be reachable: the relationship was with the seller. It is flagged for the relationship manager to say, rather than excluded by rule, and it is not valued at norm until they do.

How is the norm computed from two borrowers?

At five it is two; on a real book it is every borrower in the size and sector cell with an operating account, as a median, with the cell's count shown and greyed under the floor. Here the two full-relationship borrowers, D and E, give the medians.