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What are the differences between the Cortera Payment Ratings and the Cortera Credit Exchange Ratings?

April 26, 2017cortera credit differences exchange payment ratings

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What are the differences between the Cortera Payment Ratings and the Cortera Credit Exchange Ratings?

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A. Cortera Payment Ratings are highly structured payment scores and represent what Cortera believes to be a refinement of similar commercial credit scores. These scores incorporate detailed submissions of trade receivables and apply a highly tuned set of algorithms to create a numeric indicator that describes the firm’s overall payment behavior based on the submitted data.