Borrowers & facilities

Borrower

Your end customer. You create them with a KYC attestation: you run customer KYC as the customer-facing platform, and yours is the only KYC your customer goes through. CLC, as lender of record, then runs its own independent KYC, KYB and AML verification and makes the final acceptance decision.

That decision is part of the eligibility evaluation, which is asynchronous and reported by the borrower.eligible webhook. Only then can the borrower request facilities.

The borrower also reads and accepts the master loan agreement and commercial purpose affidavit once, and you submit their signature, one request per signature.

Facility

A revolving credit line, not a single loan (the loans are the draws). A facility is 1:1 with the borrower's account (the collateral portfolio): one account = one lien = one aggregate-USD floor = one active facility. A borrower with multiple accounts can hold multiple facilities.

Products

• PLOC: a line of credit; proceeds are used or withdrawn freely above the floor.
• SPOT_MARGIN: proceeds are traded into more crypto (leverage); CLC computes the closed-form max buying power and loan + trade are strictly sequential.

To you, both are the same mechanism: a lien-encumbered account with revolving draws.