Facility/Asset Usage represents facility or Asset Usage describes how the borrower uses the sanctioned facility, financed asset or collateral in business operations. In underwriting, it provides business and banking context that supports facility structuring, risk assessment and credit-decision documentation. It should be reviewed with the borrower’s actual cash flows, existing exposure, repayment behaviour and the purpose for which the facility is being used. For example, the underwriter may use it to understand borrower behaviour, facility need, banking arrangement and the quality of supporting documents. It matters because the same borrower can look different depending on banking arrangement, transaction behaviour, documentation quality and business context. The common caution is to document the source, date, assumptions and credit impact so the term does not become a vague narrative label.