patterns / bank_entry
credit thesisfinanced by NON-bank security only, and the numbers are improving — a company that has outgrown alternative pricing and can now be refinanced by a bank: refinances at well above the base rate, and 28% of refinances out of non-bank debt land at a bank
The mirror of bank_exit. This company borrows outside the banking system — challenger, specialist or private credit — and its equity is now growing. That combination is what a bank credit committee clears: the risk that pushed it to alternative pricing is receding. Measured walk-forward, the cohort refinances at well above the base rate and takes further non-bank credit at 3.4×; the switching matrix says 28% of refinances out of non-bank debt land at a bank.
The bank's own origination list: an account it does not hold, at a company with a live reason to switch — and unlike a poaching pitch, cheaper money is something the borrower actually wants to hear.
The badge is recomputed nightly across the whole index, and re-evaluated live the moment a company files — so a match is always a statement about the current register, not a stale list. Like every signal the scout raises: a prompt to look closer, never a verdict.