---
# System prepended metadata

title: 'Collateral Call Summary - Episode #37'
tags: [Collateral Call]

---

---
tags: Collateral Call
---

# Collateral Call Summary - Episode #37
August 25th, 2021

## Agenda

- [00:00](https://youtu.be/x8HxS7gZl7E): Intro with Juan Guillén
- [00:55](https://youtu.be/x8HxS7gZl7E?t=55): Collateral Cauris Global Fintech Fund with Alexandre Liege, Azer Songnaba, Charles Parker, and Ramesh Dhanaraj
- [37:45](https://youtu.be/x8HxS7gZl7E?t=2265): Q&A and Discussion about Collateral Cauris Global Fintech Fund

## Video

<https://youtu.be/x8HxS7gZl7E>

## Introduction

### Agenda and Preamble

#### Juan Guillén 

[00:00](https://youtu.be/x8HxS7gZl7E)

- Hello everyone! Welcome to another MakerDAO collateral call. My name is Juan. I am the facilitator for the SES CU.
- Today, we have another RWA call. We are going to be exploring Cauris and the team behind them. We have a very interesting presentation ahead.
- Discussions about collateral happen in the [Forum.](https://forum.makerdao.com/c/risk/collateral-meetings/23)

## Collateral Cauris Global Fintech Fund

- [MIP6 Application](https://forum.makerdao.com/t/mip6-application-cauris-global-fintech-fund/9610)

### Alexandre Liege, Azer Songnaba, Charles Parker, and Ramesh Dhanaraj

#### Presentation

[00:55](https://youtu.be/x8HxS7gZl7E?t=55)

![Cover](https://i.imgur.com/68Sexje.png)

![Presenters](https://i.imgur.com/71aIVJP.png)

![Objective](https://i.imgur.com/T2EH3Si.png)

![TargetEndBorrowers](https://i.imgur.com/mX80F5K.jpg)

![CaurisFinances](https://i.imgur.com/EweXTMR.jpg)

![InvestmentManagementProcess](https://i.imgur.com/PnNWBnK.png)

![Underwriting](https://i.imgur.com/ucrmJwU.png)

![StructuralProtections](https://i.imgur.com/ExDK18r.png)

![DROPLossProtection](https://i.imgur.com/7BUQpCR.png)

![TransactionDiagram](https://i.imgur.com/mm8QD4W.png)

![FintechPollSpecs1/2](https://i.imgur.com/SNEuN3e.png)

![FintechPollSpecs2/2](https://i.imgur.com/sKSBKe1.png)

![DeepdiveDemo](https://i.imgur.com/xA0VvfD.png)

![GlobalFintechPool](https://i.imgur.com/wrL7SRq.png)

![GlobalFintechPool2](https://i.imgur.com/isxR0AE.png)

![PortfolioSection](https://i.imgur.com/PlhOgBs.png)

![PortfolioCharacteristics](https://i.imgur.com/rMRz6a5.png)

![PortfolioPerformance](https://i.imgur.com/oAE554y.png)

![CovenantCompliance](https://i.imgur.com/bSRsXs8.png)

#### Discussion

- [37:45 - Payton Rose: You are doing a lot of lending in different parts of the world with many different legal and regulatory structures.How would you deal with it, if one of the Fintechs were to face legal scrutiny?](https://youtu.be/x8HxS7gZl7E?t=2265)
- [39:14 - Juan Guillén: Can you cover more on FX risks and how you mitigate that?](https://youtu.be/x8HxS7gZl7E?t=2354)
- [41:30 - Planet_X: How do you approach and grow your business with the customers? Is that on a demand basis, or is it more of a relationship where you have offered revolving credits?](https://youtu.be/x8HxS7gZl7E?t=2490)
- [46:15 - Someone: First, you mentioned that this is similar to a revolving line. Is it similar to revolver or to an invoice financing line? Revolvers are unsecured: what type of secure lien do you have on the underwriting loan? Second, do you have any buy back agreements with the originators?](https://youtu.be/x8HxS7gZl7E?t=2775)
- [48:05 - Someone: To make sure I understood correctly,  let me ask a last question. The revolver line is secured on the overall assets of the company,  is it secured as an extra lien on the lending collateral, or the ending collateral is pledged just to size the line?](https://youtu.be/x8HxS7gZl7E?t=2885)
- [48:52 - Frank Cruz (from chat): What type of analysis do you perform to anticipate losses and how do you monitor the compliance of covenants?](https://youtu.be/x8HxS7gZl7E?t=2932)

## Closing Comment

### Juan Guillén

#### Outro

[52:46](https://youtu.be/x8HxS7gZl7E?t=3166)

- Is there anything else that the team would like to say before closing the call? Where can people find you if they want to know more about these topics?
	- Alexandre Liege: There is a MIP6 application with our email addresses and how to contact us.
- We can keep the discussion going at the forum. Thank you for presenting; it was really nice having you. Thank you to everyone else for coming!

## Credits

- @gala produced this summary.
- Everyone who spoke and presented on the call, listed in the headers.