Relationship-based, with delegated authority
Sign-off: Lending officer. Delegated authority tiers are illustrative.
| Month | Money in | Money out | Left over |
|---|---|---|---|
| Oct 2025 | $7,514 | $3,861 | $3,653 |
| Nov 2025 | $4,963 | $4,184 | $780 |
| Dec 2025 | $4,920 | $3,968 | $952 |
| Jan 2026 | $4,937 | $4,294 | $642 |
| Feb 2026 | $4,968 | $3,912 | $1,056 |
| Mar 2026 | $5,040 | $3,607 | $1,433 |
| Apr 2026 | $4,990 | $4,229 | $761 |
| May 2026 | $7,411 | $4,158 | $3,252 |
| Jun 2026 | $4,797 | $4,158 | $639 |
| Jul 2026 | $4,918 | $4,107 | $811 |
| Aug 2026 | $4,990 | $4,380 | $610 |
| Sep 2026 | $5,052 | $3,795 | $1,258 |
Decided by deterministic rules (engine 0.1.0, Northgate Credit Union policy v1). Rates, limits and thresholds are illustrative.
The data going in is identical. Shaded rows are where the lenders disagree.
Relationship-based, with delegated authority
$15,000
Personal loan · fixed monthly payments · 8.99% illustrative
Sign-off: Lending officer
Instant, automated, cash-flow only
$15,000
Personal loan · fixed monthly payments · 13.99% illustrative
Decided automatically, instantly
Policy-driven, fixed thresholds
$15,000
Personal loan · fixed monthly payments · 9.99% illustrative
Decided against fixed policy
Satisfactory receipt of all listed documents
Fictional institutions, synthetic data. Rates, limits and authority tiers are illustrative. Decisions are made by deterministic rules; see published test results.
Cleared automatically · time to verify 3.7 s
Identity documentPassed
Simulated drivers licence check: authentic and not expired.
Automated · 1.3 s
Name and date of birth matchPassed
Name and date of birth match the document.
Automated · 3.7 s
Sanctions screeningPassed
No match on the fictional sanctions list.
Automated · 1.8 s
Politically exposed person screeningPassed
No match on the fictional politically exposed persons list.
Automated · 2.6 s
| # | Date | Debit | Interest | Balance after |
|---|---|---|---|---|
| 1 | 2026-10-16 | $219.74 | $51.87 | $14,832.13 |
| 2 | 2026-10-30 | $219.74 | $51.28 | $14,663.67 |
| 3 | 2026-11-13 | $219.74 | $50.70 | $14,494.63 |
| 4 | 2026-11-27 | $219.74 | $50.12 | $14,325.01 |
| 5 | 2026-12-11 | $219.74 | $49.53 | $14,154.80 |
| 6 | 2026-12-29 | $219.74 | $48.94 | $13,984.00 |
Illustrative Rates and interest are illustrative.
Debits fall on the borrower's payday, every 14 days, to match how they're paid.
Date and signature · H1 Appendix II
Execution date recorded; electronic signature captured.
Authority to debit account · H1 Appendix II
Borrower authorizes the lender to debit the account they name, clearly and unambiguously.
PAD category · H1 Appendix II
Personal
Amount and timing · H1 Appendix II
Fixed amount, every 14 days (bi-weekly).
Cancellation · H1 Appendix II; s.30
The borrower may cancel at any time with 10 days' notice (the agreement may set no more than 30 calendar days). A sample cancellation form is available from their financial institution or www.payments.ca.
Contact information · H1 Appendix II
Lender contact details for questions, privacy, information and recourse.
Recourse statement (verbatim) · H1 Appendix II
You have certain recourse rights if any debit does not comply with this agreement. For example, you have the right to receive reimbursement for any debit that is not authorized or is not consistent with this PAD Agreement. To obtain more information on your recourse rights, contact your financial institution or visit www.payments.ca.
Confirmation · H1 s.16
Sent 2026-10-05, at least 10 calendar days before the first debit on 2026-10-16. Not waived.
Pre-notification · H1 s.17
Fixed amount: notice at least 10 calendar days before any change to the amount or dates. Not waived.
Returned payments · H1 s.17 (illustrative policy)
A returned payment is presented once more, for the same amount, under this agreement, and never combined with another payment; the borrower is told the retry date when told about the return. A missed payment collected later is pre-notified 10 days ahead. How much notice a retry needs isn't settled by the rule's text, so this policy is illustrative.
Recourse period · H1 s.24
The borrower can claim reimbursement for a debit that does not follow the agreement within 90 calendar days.
Funds $15,000.00 to the borrower's account in a Payments Canada Standard 005 layout: a header, one credit record and a trailer, each 1,464 characters.
| Field | Positions | Value | What it means |
|---|---|---|---|
| Logical record type | 1–1 | C | C for a credit record. |
| Logical record count | 2–10 | 000000002 | Position of this record in the file. |
| Origination control data | 11–24 | 00000999013226 | Originator's ID plus file creation number, repeated from the header. |
| Transaction type | 25–27 | 450 | Payment type code from Standard 007.IllustrativePlaceholder code; Standard 007 not checked. |
| Amount | 28–37 | 0001500000 | Amount of the credit, greater than zero.IllustrativeWritten in cents: implied by the standard's sample, not stated. |
| Date funds to be available | 38–43 | 026279 | 0yyddd; no more than 14 days after creation. |
| Institutional ID number | 44–52 | 099923458 | 0 + 3-digit institution + 5-digit branch of the borrower's account (fictional). |
| Payee account number | 53–64 | 9414852141 | Borrower's account (fictional). |
| Item trace number | 65–86 | 0990009903226000000001 | Destination data centre (4) + originating data centre (5) + file number (4) + sequence (9). |
| Stored transaction type | 87–89 | 000 | Zeros on first presentation. |
| Originator's short name | 90–104 | NORTHGATE CU | Short lender name shown to the borrower. |
| Payee name | 105–134 | APPLICANT PRIYA … | Borrower's name. |
| Originator's long name | 135–164 | NORTHGATE CREDIT UNION … | Full lender name. |
| Originating direct clearer's user ID | 165–174 | spaces | Optional; blank here. |
| Originator's cross reference number | 175–193 | LOAN_PRIYA | Lender's own reference: the loan number. |
| Institutional ID for returns | 194–202 | 099900010 | Where a returned item goes (fictional). |
| Account number for returns | 203–214 | 1000200030 | Lender's account for returned items (fictional). |
| Originator's sundry information | 215–229 | spaces | Optional; blank here. |
| Filler | 230–251 | spaces | Spaces. |
| Originator–direct clearer settlement code | 252–253 | spaces | Optional; blank here. |
| Invalid data element ID | 254–264 | 00000000000 | Zeros on first presentation. |
| Segments two to six (unused) | 265–1464 | spaces | Unused segments are filled entirely with spaces. |
Northgate is a provincially regulated credit union; coverage depends on its province. Each province's credit union deposit insurer sets its own limit (see the table).
Banks and federally regulated credit unions are CDIC members: $100,000 per eligible category, per member institution. CDIC
| Province | Insurer | Coverage |
|---|---|---|
| Alberta | Credit Union Deposit Guarantee Corporation | Unlimited (100% of deposits, including accrued interest) |
| British Columbia | Credit Union Deposit Insurance Corporation of British Columbia | Reported as unlimited |
| Manitoba | Deposit Guarantee Corporation of Manitoba | UnlimitedRegistered deposits included |
| New Brunswick | New Brunswick Credit Union Deposit Insurance Corporation | $250,000 per categoryEach registered plan type insured separately to $250,000 |
| Newfoundland and Labrador | Credit Union Deposit Guarantee Corporation | $250,000 per type of depositRegistered plans form one $250,000 category |
| Nova Scotia | Nova Scotia Credit Union Deposit Insurance Corporation | $250,000 per categoryEach registered contract insured separately to $250,000 |
| Ontario | Financial Services Regulatory Authority of Ontario (Deposit Insurance Reserve Fund) | Reported as $250,000; registered plans unlimited |
| Prince Edward Island | Credit Union Deposit Insurance Corporation | $250,000 per memberRegistered plans 100% |
| Quebec | Autorité des marchés financiers | Reported as $100,000 per deposit category |
| Saskatchewan | Credit Union Deposit Guarantee Corporation | Unlimited |
| Territories | No territorial credit union insurer found | Not applicable |
Limits checked against each insurer's site on 2026-10-11. Coverage rules have details (for example, registered plans); the insurer's site is the authority.
AI drafts the memo. The engine and a human make the decision.
Draft a memo from this lender's decision. Only the engine's structured output is used: no transactions and no personal details.
One input can track nationality: a foreign credit report. Programs cover only some countries, so whether a report exists depends on where someone has lived. Berry uses only the report's rating (good or better counts as credit history), never the country.
A test shuffles these across every applicant and checks that no decision changes. Large cash deposits are flagged for FINTRAC review but are never a credit factor.