How To Mio© - Stage 2: Quote Pack - 2/5 - Filling Forms (3DF & 2DF)

1. Disclaimers and form filling progress

The below items 1.1-1.4 are explanations or 

1.1 The first disclaimer provides core information on project requirements. This information is also provided within this series. The disclaimer states:

"Before you proceed, please read the following information"

1.2 The second disclaimer explains how to treat irrelevant or not applicable questions/sections of the 2DF^©:

"If there is any section which is not relevant/applicable to this transaction, please answer “No” and Comfort Level 1 for each question in that section, before moving onto the next section. Many thanks." See below screenshot in section 2.3.2d.

1.3 The third disclaimer explains the Disclosure requirements of the Project.

As Seller and Seller's Advisor, you are required to fill out, review and sign the 2DF^©. As explained above, 2DF^© stands for Digital Disclosure. You are to provide access to the disclosed information, and your comfort level with this disclosure, as well as disclose any breaches and/or key risk issues identified.

The actual reviewing and signing is further explained in the next article in the series, available from the progress bar above, the menu to the right, or the following link:

How To Mio^© - Stage 2: Quote Pack - 3/5 - Reviewing and Signing Documents

1.4 Progress sections - The area in 1.4 above shows the progress section for the different portions required to be filled. The overall forms progress, as well as the progress of the individual sections:  General Questions, General Disclosure, Specific Disclosure and Covid-19 is visible here, and shows only Seller-Side progress.

2. Forms

2.1 Form filling area -  This is the area within which all form information is to be filled

2.2 Save button - Please click on the Save button upon filling any given section of the forms. Multiple users can edit forms at the same time. Forms are editable until reviewed and signed.

The actual reviewing and signing is further explained in the next article in the series, available from the progress bar above, the menu to the right, or the following link:

How To Mio^© - Stage 2: Quote Pack - 3/5 - Reviewing and Signing Documents

2.3. Forms and questions Breakdown

The Forms are broken down into the following sections and question types. Most of these are self-explanatory and intuitive - please read the below if you require further information. 

• General questions
• General Disclosure
• Specific Disclosure
• Covid-19
• Review Digital Form

2.3.1 General questions section:

2.3.1.a Questions in section

• Target - General information about the Target
• Seller - General information about the Seller* 
• Buyer - General information about the Buyer
• Deal Team Members - Members' names and Deal team signatory
• Transaction Type - Shares or Assets
• Transaction Dates - Estimated signing and closing date
• Overall Assessment - Have key risk issues been identified?**

2.3.1.b Seller v. Target group

* If the Seller and Target Group are the same, enable the "The Seller and The Target Group are the same" option, then choose Target Company from the dropdown.

2.3.1.c Key risk issues

** If key risk issues are identified select Option Yes, and describe what specific key risk issues have been identified, and how you have gained comfort with these issues. 

2.3.2. General Disclosure

In this section, the Seller and/or Seller's Advisor(s) answer and rate their comfort level on questions regarding the general disclosure they have performed.

2.3.2.a Below is an example of a question:

2.3.2.b The Comfort Levels to be selected are described as follows:

1. Minimal disclosure - very low comfort
2. Basic disclosure - low comfort
3. Average disclosure - average comfort
4. Adequate disclosure - good comfort
5. Thorough disclosure - high comfort

2.3.2.c If your answer is Yes, select  Yes and choose a number from 1 to 5 based on your Comfort Level.

Questions filled will turn green as you progress.

2.3.2.d If there is any section which is not relevant/applicable to this transaction, please answer No and Comfort Level 1 for each question in that section, before moving onto the next section, as per the above disclaimer in section 1.2 of this article.

2.3.3. Specific Disclosure

2.3.3.a Sections in Specific Disclosure

2.3.3.b Each section will follow a similar layout to the below example, with some differences. Please fill out accordingly. If a Comfort level is requested, please rate the Seller's level of comfort with regards to the completeness of the Disclosure performed between 1 and 5, as explained above in 2.3.2b.

2.3.3.c Overall Assessment

At the end of each section listed above in 2.3.3.a, you fill find an Overall assessment area. This area will contain two critical questions asking whether breaches have been identified in your Disclosure with regards to the section, and whether key risks have been identified in said section.

 Please rate the Seller's level of comfort between 1 and 5 in relation to the completeness of its disclosure.

 breaches are identified select Option Yes, and list any breaches you have identified in your disclosure.

If key risk issues have been identified, select Yes, and describe what the specific identified key risk issues are and how you may have gained comfort with these issues.

3. Review Digital Form - if you need to download your digital form and review it offline, select the option Download.

4. Once all the forms are all filled, proceed to the next article for information on the submission, reviewing and signing of filled forms for underwriting, by either using the navigation arrow to the left of the above progress bar, selecting the article in the menu to the right, or clicking on the below link:

How To Mio^© - Stage 2: Quote Pack - 3/5 - Reviewing and Signing Documents