We have been working directly with Macquarie enabling us to support their new web submission service.
limitations imposed by Macquarie
To use the new service you will need to do enter the following . Add the new external system credentials Image Removed
In changes in TFS Administration; Select Security / User.Click on the User Group of the user whose credentials you are going to add.Click on the relevant user.Click on Edit.Click on External Systems,Select New.Select Maclease - Macquarie Apigee Online Application System.Enter the User Name for the Macquarie Apigee systemEnter the Password for the Macquarie Apigee systemClick Ok.| Insert excerpt |
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| TFS Admin - Macquarie Apigee Settings |
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| TFS Admin - Macquarie Apigee Settings |
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Supported Applicant/Application TypesThe following types of applicants and application types are supported through the Macquarie Apigee system. | Note |
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The finance types that are not available are a limitation of the Macquarie system that only accepts electronic submission of their most common application types. |
| Area | Rule |
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| Contract Type | Must be one of the following values.
• STANDARD
• CREDIT LIMIT
• MASTER AGREEMENT
• MASTER DRAWDOWN | | Individual applicant | When applicant is of the type “individual_applicant” only 1 individual applicant is allowed for the application. | | Company applicant | Only applicable when “finance_type” = “CHATTEL_MORTGAGE”. | | Trust applicant | Only applicable when “finance_type” = “CHATTEL_MORTGAGE”. | | Individual guarantor | Not applicable for if “individual_applicant_type” = “INDIVIDUAL” and “sole_trader” = true. | | Company Guarantor | Only applicable for “CHATTEL_MORTGAGE” finance type. | Partnership Guarantor | Only applicable for “CHATTEL_MORTGAGE” | Applicant Type | Supports
ChattelSSA | Supports Rentals | Supports Novated Leases | NOTES |
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| Individual applicants | YY | Not Available | Y | Mandatory for finance _ type “CONSUMER_LOAN” and “NOVATED_LEASE” and optional for “finance_type” “CHATTEL_MORTGAGE”Novated Lease and optional for finance type SSA. Can be used for co-applicant or co-borrower spouse as well. Maximum 2 individual applicants for each application. For CHATTEL_MORTGAGE” SSA when the applicant is of the type “individual_applicant” individual applican” only 1 individual applicant is allowed for the application | | Company applicant | YN | Not Available | N | Only applicable when “finance_type” = “CHATTEL_MORTGAGE”.finance type is SSA | | Trust applicant | YN | Not Available | N | Only applicable when “finance_type” = “CHATTEL_MORTGAGE”.finance type is SSA | | Partnership | YN | Not Available | N | Only applicable when “finance_type” = “CHATTEL_MORTGAGE”. |
Maclese RulesIt supports the following types of applications - Chattel mortgage
- Novated Lease
- Rental
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While the Maclease Apigee system supports Consumer Loans at this point you cannot submit them from The Finance Shop. |
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Specific Security Agreements - Maclease still refers to these as Chattel Mortgage. |
Chattel Mortgage Rules.| Marital status | Mandatory when an individual applicant. | | Number of dependents | Mandatory when an individual applicant. | | Accountant firm name | Mandatory when “finance_type” =“CHATTEL_MORTGAGE” and “individual_applicant”, “individidual_trustee” or “individual_partner” element is sent in request. | | Accountant contact phone | Mandatory when “finance_type” =“CHATTEL_MORTGAGE” and “individual_applicant”, “individidual_trustee” or “individual_partner” element is sent in request. | | Accountant contact name | Mandatory when “finance_type” =“CHATTEL_MORTGAGE” and “individual_applicant”, “individidual_trustee” or “individual_partner” element is sent in request. | | Landlord name | Must be provided when “residential_status” is RENTING | | Landlord phone | Must be provided when “residential_status” is RENTING | | Previous address | Mandatory if the individual has been residing at the current residential for less than two years | | Employer ABN | The ABN of the company the individual works at. Must be provided when the “finance_type” is “CHATTEL_MORTGAGE” and sole_trader value is “YES” | | Business activity | Business activity of the company where the sole trader is working in a personal capacity. Must be provided when the “finance_type” is“CHATTEL_MORTGAGE” and sole_trader value is “YES” | | Previous employer | Need to be provided if the individual has been with the current employer for less than 2 years. | | Assets | When “residential_status” value for an “individual_applicant” mortgaged/buying a “HOME_PROPERTY” type must be provided. | Novated Lease Rules |