What is CTOS Litigation Index

Transcription

1 What is CTOS Litigation Index The CTOS Litigation Index is based on four digit numbers known as index where the index for each enquiry name is derived based on the information from Section D. The Due Diligence Index will be based on the worst case scenario in Section D. The index shows the severity level of the case. Due Diligence Index is broken into 3 sections from the 4-digit numbers. DD Index First two digits Third digit Description Notes First two digits Third digit Forth digit The first two digits represent the worst case in Section D based on the type of record. The third digit represents the age of the worst case in Section D. The forth digit represents how many records are there in Section D including the worst case used to formulate the first three digits The worst case scenario of the legal record is withheld When there is no legal record. Forth digit Possible values start from OO to 99 where the higher the number, the greater the severity of the case. Possible values start from 0 to 9 where the higher the number, the more recent the record. Possible values start from 0 to 9 where the higher the number, the more cases in Section D. 1

2 CTOS Litigation Index Reflected in Section A CTOS Litigation Index Please refer to the Due Diligence Index Table (Slide 31, 32, 33 and 34) In this example: 87 Summon Issued 1 Issued more than 8 years 2- This company has total of 2 legal records 2

3 CTOS Litigation Index Table - Individual (First 2 s) - representing the worst case scenario - legal case 99 Subject Deceased 98 Mismatch of Name 97 Mismatch of ID (New or Old) 95 Bankruptcy receiving or Adjudication Order Received 93 Bankruptcy Creditors Petition issued 91 Bankruptcy Notice Issued 89 Proclamation of Sale under Deed of Assignment 88 Proclamation of Sale under the National Land Code Foreclosure Proceedings-Originating Summons issued 87 Civil Suit Summon 85 Tribunal 83 Special Listing-AMLA 82 Internal List 49 Bankruptcy Discharge/Annulment 48 Bankruptcy Creditors Petition struck off 47 Bankruptcy Notice struck off 45 Proclamation of Sale struck off 43 Civil Suit Struck off 41 Civil Suit under Repayment Scheme 39 Civil Suit- Account Regularized 37 Tribunal struck off 25 Director with a company winding up order issued 24 Director with company winding up petition issued 23 Director with company voluntary winding up 21 Director with company strike off under section 308 3

4 CTOS Litigation Index- Company (First 2 s) - representing the worst case scenario - legal case 98 Significant mismatch of company name versus registration number 97 Company struck off Business deregistered 96 Voluntary Winding up 95 Wound up order issued 93 Petition for winding up issued 89 Proclamation of sale under Deed of Assignment 88 Proclamation of Sale under the National Land Code Foreclosure Proceedings-Originating Summons issued 87 Civil Suit Summon 86 Originating summon 85 Tribunal 83 Special Listing-AMLA, Internal List 49 Wound up order struck off Stayed 48 Petition stayed struck off 47 Proclamation of sale struck off 45 Civil suit struck off 43 Civil suit under repayment scheme 41 Civil suit-account regularized 39 Tribunal struck off 37 Company under special administration 35 Company Restructure/equity reduction 4

5 Third : Tells you the age of the worst case scenario Description months months months months months months months months 1 > 96 months Fourth : Tells you the total legal cases Description 9 9 records or > 9 records 8 8 records 7 7 records 6 6 records 5 5 records 4 4 records 3 3 records 2 2 records 1 1 record 5