Margill Loan Manager 5.1 will be released later in January or early February. Consult the Release Notes.
After a two-year process, Margill Loan Manager 5.0 is now available for download! A new look, but without changing the way you work, a host of new features to make your lives even easier. See the Release Notes: https://www.margill.com/en/margill-loan-manager-release-notes.
To download go to https://www.margill.com/get
Stay tuned for our 20 minute Webinar on what’s new in 5.0 for early October. We will send our clients an email with the date, time and link… Time well invested!
Interesting article by Zachary R. Mider about New York Governor Andrew Cuomo who signed a bill aimed at preventing predatory lenders from using the state’s court system to seize the assets of small businesses nationwide. Read the article here.
LIBOR (London Interbank Offered Rate) is dying, warn global regulators, and there’s nothing banks can do to stop it. Here’s an interesting article on the subject by Lannah Nguyen and Alex Harris.
Canada’s highest court will soon have an opportunity to clarify the law on litigation funding. Find out more by following this link.
Margill Loan Manager latest version 4.4 and upcoming version 5.0 – Release notes (new features) now available on our web site.
Effective for accounting periods starting January 1, 2019, International Financial Reporting Standards 16 (IFRS 16) has replaced International Accounting Standards 17 (IAS 17) as the accounting standard for leases for all Canadian entities reporting under IFRS.
About 12 million Americans use high or very high interest loans every year (payday, title loans, etc.). The Trum administration may introduce new legislation that may significantly change the landscape. Here is an interesting article dealing with the subject.
Darren Gold, VP at UnitedLex Corp., wrote an interesting article about the London Interbank Offer Rate (LIBOR) which is used all over the world as the reference for a great number of loan contracts. The UK’s Financial Conduct Authority recently declared that it would no longer require banks to submit the data that enabled LIBOR to be calculated after the beginning of 2021.
Although there will be alternatives such as Secured Overnight Financing Rate (SOFR) in the USA and Sterling Overnight Index Average (SONIA) in the UK, this change does come with significant uncertainty and we must wonder what this will mean for current contracts and how they will be dealt with in the future.
The Margill Team is proud to formally announce the release of Margill Loan Manager 4.4. It is a really impressive version with a host of new features.
Here are the six most important improvements:
- Blocking historical transactions
- Alerts: Use templates with merged data to send automatic emails and Mail to SMS to borrowers (example: upcoming payment alert and bounced payment alert)
- Great enhancement of the Document Merge tool to create contract templates, invoices and statements
- New Line Statuses: Interest Charged and Interest Paid
- Compulsory fields
- Pre-Authorized Payments (Perceptech-Acceo): Direct Management of Rejected Payments and Addition of Automatic Fees
A Webinar will be held Wednesday, December 19 at 11:00 AM Eastern time (North America). You can join by following this link : Margill Webinar
If you cannot attend or have missed it, you can still follow the same link and watch it.
See you there!