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The Finance Shop Release Notes
We have been working directly with Macquarie enabling us to support their new web submission service.
To use the new service you will need to do the following.
Add the new external system credentials
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 system
- Enter the Password for the Macquarie Apigee system
- Click Ok.
Supported Applicant/Application Types
The following types of applicants and application types are supported through the Macquarie Apigee system.
| Applicant Type | Supports | Supports Rentals | Supports Novated Leases | NOTES |
|---|---|---|---|---|
| Individual applicants | Y | Y | Y | Mandatory for finance_type “CONSUMER_LOAN” and “NOVATED_LEASE” and optional for “finance_type” “CHATTEL_MORTGAGE”. Can be used for co-applicant or co-borrower spouse as well. Maximum 2 individual applicants for each application. For CHATTEL_MORTGAGE” when the applicant is of the type “individual_applicant” only 1 individual applicant is allowed for the application |
| Company applicant | Y | N | N | Only applicable when “finance_type” = “CHATTEL_MORTGAGE”. |
| Trust applicant | Y | N | N | Only applicable when “finance_type” = “CHATTEL_MORTGAGE”. |
| Partnership | Y | N | N | Only applicable when “finance_type” = “CHATTEL_MORTGAGE”. |
Maclese Rules
It supports the following types of applications
- Chattel mortgage
- Novated Lease
- Rental
While the Maclease Apigee system supports Consumer Loans at this point you cannot submit them from The Finance Shop.
Specific Security Agreements - Maclease still refers to these as Chattel Mortgage.
Chattel Mortgage Rules
| Area | Rule |
|---|---|
| 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” finance type. |
| 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
| Area | Rule |
|---|---|
| Company applicant | Not supported |
| Trust applicant | Not supported |
| Individual guarantor | Not supported |
| Company Guarantor | Not supported |
| Marital status | Mandatory |
| Number of dependents | Mandatory |
| 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 | Mandatory |
| Assets | When “residential_status” value for an “individual_applicant” mortgaged/buying a “HOME_PROPERTY” type must be provided. |
Rental Rules
| Area | Rule |
|---|---|
| Company applicant | Not supported |
| Trust applicant | Not supported |
| Company Guarantor | Not supported |
| Individual guarantor | Not supported |
| 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 |
| Assets | When “residential_status” value for an “individual_applicant” mortgaged/buying a “HOME_PROPERTY” type must be provided. |