Hello Core Units
It seems as though those of you involved with collateral onboarding are using this framework to prioritize applications. I think I speak for everyone who has submitted a MIP6 application when I say that the objectivity and clarity is greatly appreciated. It takes a lot of guesswork out of making an application and creates a better experience for everyone.
In the framework there seem to be three categorizations for each column which contribute to an overall score: “low,” “medium,” and “high.” It would be really helpful if each Core Unit could write up a quick methodology of how they arrive at each of the three categorizations for their relevant columns in the sheet.
These are the following columns and the core units responsible for them:
- PR Benefit
- PR Risk
- Dai Supply
- Fees Generated
- Credit/Market Risk
- Custodial Risk
- Legal Risk (seems to be excluded)
- Asset Setup Risk (seems to be excluded)
My ask is that there’s some sort of clarity around what, in general, causes you to provide a low, medium or high rating. I know you’re all very busy, but I’d like to stress how helpful it would be for potential and current applicants to have more clarify around these items. Thank you for your consideration.