Evaluate GPU credit within your mandate
Access a consistent underwriting and servicing framework for loans to Compute Middle Market operators.
Choose the point of participation
GLX supports participation at origination, syndicate positions and seasoned whole-loan purchases. Discuss the route appropriate to your underwriting process and portfolio requirements.
Examine the contract and collateral together
Review the customer's credit, payment obligations and concentration alongside the GPU collateral, legal structure and repayment schedule. Compute IQ provides a consistent assessment for each loan.
Define the relationship after closing
USD.AI retains servicing and the operator relationship. Diligence should establish reporting, decision rights and the procedures that apply if performance falls outside agreed requirements.
Participation routes through GLX
Participate at origination
Evaluate a position in a newly originated facility.
Join a syndicate
Participate alongside other capital providers in a larger facility.
Purchase a seasoned loan
Review a whole loan with an operating and repayment record.
Available transactions and participation terms depend on the facility and the capital provider's requirements.
Review each loan in a consistent credit package
USD.AI originates each loan and applies Compute IQ's credit framework before it reaches GLX. Each package covers the operator, the customer contract, the collateral and the monitoring approach.
Operator
Experience, financial position and delivery plan
Customer and contract
Credit quality, payment terms and concentration
Collateral and security
Identified hardware and security interests
Loan structure
Entity, controlled accounts and reserves
Funding conditions
Documented conditions before release
Monitoring approach
Reporting and servicing after funding
Servicing stays with USD.AI
USD.AI retains servicing and the borrower relationship when a loan is distributed through GLX. Monitoring, collections and reporting continue for the life of the loan, with the buyer's rights set by the transaction documents.
Funding
Conditions met and capital released
Installation verified
Servers confirmed online
Repayment
Collections from controlled accounts
Monitoring
Hardware and cash flow reviewed
Reporting
Information to capital providers
Review the evidence
Common questions
No. It supplies a consistent basis for the fund's independent review. Each transaction must fit the fund's mandate and approval requirements.
GLX supports discussion of origination participation, syndicate positions, and seasoned whole-loan purchases. Suitability and availability depend on the transaction and mandate.
GLX distributes GPU-backed loans originated and underwritten through USD.AI's own process.
