IVA (Inventory Verification Agent)

Independent third party verifying the existence, quantity, condition, and ownership of physical assets used as collateral. Key KPIs: Exception Detection Rate, Duplicate Hit Rate, Turnaround Time, Verification Coverage, Data Latency.

ICA (Independent Collateral Agent)

A single agent holding and managing collateral identifiers across all facilities with the same originator, providing cross-lender visibility without requiring direct data sharing between funders. An emerging structural response to double-pledging risk.

Tape-to-Cash Reconciliation

Operational control matching loan data tape to actual cash collections; identifies synthetic/phantom loans and data manipulation. Should be run at high frequency (daily/weekly) for ABF portfolios.

UCC Continuation Statement

A filing extending a UCC-1 financing statement's validity for an additional 5-year period. Must be filed in the 6-month window before the original statement's expiry. Missing continuation = lapsed perfection = assets available to trustee-in-bankruptcy.