Once you have reached out to your counterparty informing them of the RapidRatings process, the request will be imported into our system with the appropriate client and counterparty contact information. From here, the Member Services team will send an additional introduction letter with a link for the counterparty to create an account and submit up to date financial information.
The steps that the counterparty will go through to set up their account and submit financial information are outlined below.
Step One: Introduction Letter
Counterparty receives introduction letter from RapidRatings' Member Services
Step Two: FHRX Registration
Counterparty reviews and begins click through-agreement
Counterparty completes the member registration process by creating an account and providing company details
Privacy and Security information are provided
Step Three: Non-Disclosure Agreement
Counterparty is provided documentation around NDA with details around ability to control level of disclosure
RapidRatings highlights our treatment of private company data pursuant to selected disclosure level
Step Four: Account Creation
Supplier’s account is now created
Instructions are provided for financial statement upload
Step Five: Financial Statement Submission
Member uploads financial statements through their member account
Step Six: Confirmation of Financial statement submission
Page confirming the financials were submitted
Financials are reviewed by our Data Analysis team
If there are any clarifications required, the DA team will send the request back to the member to provide additional details
Instructions on updating disclosure level to Summary Disclosure, if needed
Step Seven: Post Rating Release
The member will receive an email notification upon rating completion
Members can login to their account, navigate to homepage with following features enabled:
Access to FHR and Summary Disclosure report
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