01What the desk measures
Every benchmark spells out the variable it reports (factor rate, advance size, term or holdback), the unit used, the period involved and the sample it comes from. A value with no stated sample is tagged as illustrative and is not to be taken as a measurement.
02Where the data is drawn from
All figures are taken from public sources cited on each report; the desk reproduces them as published and carries out no survey of its own. Every figure leads back to a published source, because the desk keeps no sample of its own. The desk does not draw on applicants' personal or business records in producing its figures.
03How figures are combined
Averages and ranges are shown in the form the source gives them, and every report names the kind. Industry groups follow the source's own categories. Periods are as the source states them.
04What this method excludes
The desk will not model, project or extrapolate. The desk does not change published figures under any circumstances. The desk will not publish a figure it cannot trace to a sample or a named source.
05Corrections and revisions
A report amended after publication keeps its original date and gets a revision note recording the date and what changed. A citation block always refers to the current version.
06Citing a report
A report may be quoted provided they credit Fenwick Funding Research Group, the report title, the date and the URL. The citation block at the end of each report gives the reference ready to copy.