Summary
After you notify your counterparty about the RapidRatings process, your request is processed in the FHR Exchange. RapidRatings’ Member Services then sends the counterparty an introduction email with a secure link to create their account and submit up‑to‑date financial information. This guide explains each step your counterparty will complete, from registration through rating release.
Time to complete: Varies based on submission method and completeness
Who is this for: Clients who invite counterparties to RapidRatings and counterparties who receive the invitation
Applies to: RapidRatings FHR® Exchange (FHRX)
Before you begin (for Clients)
Ensure you’ve informed your counterparty that a RapidRatings request is coming.
Provide accurate counterparty contact details (name, title, email).
Let your counterparty know they will choose a disclosure level and that privacy/security information is presented during registration.
What the Counterparty Will Do — Step by Step
Step 1 — Introduction Email
The counterparty receives an introduction email from RapidRatings Member Services.
The email includes a secure link to start registration and submit financials.
Tip: If the email isn’t visible, ask them to check spam/junk and to whitelist RapidRatings emails.
Step 2 — FHRX Registration
The counterparty reviews and accepts the click‑through agreement.
They create an account and enter company details to complete registration.
Privacy & Security information is presented to explain how data is protected.
Step 3 — Non‑Disclosure Agreement (NDA)
The counterparty reviews NDA documentation, including options to control the level of disclosure (e.g., Full vs. Summary).
RapidRatings explains the treatment of private company data based on the selected disclosure level.
Important: The counterparty controls disclosure. They can update the disclosure level later if needed.
Step 4 — Account Creation Completed
The counterparty’s account is now active.
Clear instructions are provided for financial statement submission.
Step 5 — Select Membership (Choose One)
The member will have the option to proceed with basic or essential membership. No payment is needed with the "Basic" Membership
For additional information on the two tiers, please review the Basic vs Essential Membership article
Step 6 — Financial Statement Submission (Choose One)
QuickSync (Preferred)
Securely link internal accounting/ERP to produce a rating.
No manual entry is required.
Enter Your Own Financials (Template)
Download/complete the standard template and enter required fields OR manually enter the financial information.
If all required data are provided, the FHR report is generated automatically.
Share Your Financial Statements (File Upload)
Upload PDF or other supported file types.
This is the most manual option and may require follow‑up for clarifications.
Best practice: Choose the method that yields the most complete and accurate data—QuickSync typically provides the fastest, cleanest path to rating.
Step 7 — Confirmation & Review
The counterparty sees a confirmation page once financials are submitted.
RapidRatings’ Data Analysis (DA) team reviews the submission.
If clarifications are needed, the DA team returns the request to the counterparty with specific questions.
If required, instructions are provided on how to update the disclosure level to Summary.
Step 8 — Post‑Rating Release
The counterparty receives an email notification when the rating is complete.
Members can sign in and access the homepage, with the following enabled:
FHR® and Summary Disclosure report access (as applicable)
Share Management
ActionPath creation
Search for Public Company Reports
