01What is covered
Every benchmark states the variable it reports (factor rate, advance size, term, holdback), its unit, the period covered and the sample it was drawn from. Any figure that has no stated sample is labeled illustrative and should not be read as a measurement.
02The source of the data
Figures come from public sources named in each report; the desk publishes them as the source gives them and has no survey of its own. Every figure comes from a published source, for the reason that the desk holds no sample of its own. The desk does not rely on personal or business records from applicants to produce the figures it publishes.
03How figures are grouped
Averages and ranges are given as the source states them, and each report states which kind. Industry groups follow the source's own categories. Periods are as the source states them.
04What the desk does not do
This research desk does not forecast, model or extrapolate. The desk will not adjust published figures at all. The desk does not release a figure that it cannot trace back to a sample, or else a named source.
05Revisions and updates
A report revised after publication keeps the date it was first published and is given a revision note that states the date and what changed. A citation block always points to the latest version.
06Quoting the desk
Any report may be quoted when attributed to Hadley Commercial Credit Review, the report's title, date and URL. Each report's citation block, at its foot, provides the reference in a form that can be copied.