Osler law firm offers an excellent article regarding the London Interbank Offered Rate (LIBOR) which will eventually end. And even in these difficult times of the COVID-19 pandemic, there is no suggestion that LIBOR’s end will be delayed and should end, as expected, on December 31, 2021. A text by Andrew G. Herr, Lisa Mantello […]
https://www.margill.com/wp-content/uploads/2020/01/Margill-logo.jpg00Kimhttps://www.margill.com/wp-content/uploads/2020/01/Margill-logo.jpgKim2020-09-25 13:20:332020-09-25 13:20:33Credit agreement best practice – LIBOR cessation
Financial institutions, including banks, asset/fund managers and insurers, as well as established FinTech businesses and start-ups, have been presented with major disruptive events with the advent of COVID-19 and national lockdowns, and with the impending risk of global or regional recessions. In May and June, a group of attorneys from the law firm Norton Rose […]
Question: I would like to convert 7500 of accrued interest to principal. Can this be done in Margill Loan Manager? Answer: Certainly with special Line statuses. First, go to Tools > Settings: Make sure “Interest paid” is available (not checked to Hide from menu) as well as an “Add. Principal X” Line status. We will […]
https://www.margill.com/wp-content/uploads/2020/01/Margill-logo.jpg00Marc Gelinashttps://www.margill.com/wp-content/uploads/2020/01/Margill-logo.jpgMarc Gelinas2020-06-22 16:41:502020-07-16 13:19:42I would like to convert 7500 of accrued interest to principal. Can this be done in Margill Loan Manager?
Q: My law firm must calculate the interest from June 30, 2019 to May 28, 2020 on an amount due by an insurance company. I must be able to see the interest that accrues every day. Interest rate is 4% annually and amount is 150,250.33. A: In Margill Law Edition, you would usually use the […]
https://www.margill.com/wp-content/uploads/2020/01/Margill-logo.jpg00Marc Gelinashttps://www.margill.com/wp-content/uploads/2020/01/Margill-logo.jpgMarc Gelinas2020-06-01 16:45:082020-06-01 16:45:08How can I create a schedule where I can see the interest that accrues on a daily basis, every day?
Federal, state and provincial governments, townships, cities and towns all over the world have created very generous loan programs to help businesses as they struggle with the global pandemic and the effect of confinement. These loans can take many shapes and finding the right software to properly create and manage these is not always easy. […]
In order to have an even better idea of what Margill Loan Manager can do for you, we have added 3 new videos: The first one offers an overview or the Main Window and how you can customize it for your own needs: Main Window Overview and Customization In the second one, we look into […]
In 2008, Marc Gelinas, CEO of Jurismedia Inc., developer of Margill interest and loan servicing solutions, published the White Paper in the Real Estate Law & Industry Report titled “The Lost Art of Interest Calculation”. Since then, more has been learned and lending practices have evolved thus this major update. The White Paper deals with […]
https://www.margill.com/wp-content/uploads/2020/01/Margill-logo.jpg00Kimhttps://www.margill.com/wp-content/uploads/2020/01/Margill-logo.jpgKim2020-05-01 16:40:342020-05-01 16:40:34The Lost Art of Interest Calculation
Most companies have seen their business operations seriously affected by the COVID-19 pandemic and the various government measures taken to mitigate its impact on the population. Companies have to contend with various issues in the short, medium and long term, such as the closure of many companies’, clients’ and suppliers’ places of business, restricted opening […]
https://www.margill.com/wp-content/uploads/2020/01/Margill-logo.jpg00Kimhttps://www.margill.com/wp-content/uploads/2020/01/Margill-logo.jpgKim2020-04-09 16:48:302020-04-09 16:48:30The borrower-lender relationship: Why and how to nurture it during this crisis?
I love spreadsheets, they are absolutely amazing for doing so many things. They are hugely flexible, powerful and allow you do to just about anything (almost). However, as we all know, they are also very dangerous because of human error! I recently implemented Margill Loan Manager with a new client who had been using spreadsheets […]
https://www.margill.com/wp-content/uploads/2020/01/Margill-logo.jpg00Marc Gelinashttps://www.margill.com/wp-content/uploads/2020/01/Margill-logo.jpgMarc Gelinas2020-03-24 19:00:402020-03-24 20:18:4912,000 Reasons why to use Loan Servicing Software as opposed to Spreadsheets!
As companies worldwide continue to assess and react to the outbreak of COVID-19, the consequences of the virus are increasingly having an impact on businesses on a global scale. An interesting article to read here.
https://www.margill.com/wp-content/uploads/2020/01/Margill-logo.jpg00Kimhttps://www.margill.com/wp-content/uploads/2020/01/Margill-logo.jpgKim2020-03-06 18:57:122020-03-06 18:58:07The impact of coronavirus on borrowers and lenders