LIBOR Transition Data Extraction

Extract General information about parties involved, Maturity details, Payment details and Exchange Rates involved in the payments from covered bond swap contracts

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Overview

Analyst can leverage end to end solution right from sourcing document to customized output, to bring efficiency and scalability in their document centric processes. This is an AI packed solution, that loads the all the Bond SWAP Contracts and Extract information contracts. Analyst can see the incoming document getting auto-classified and the needed information getting extracted in a structured summary. Reviewed AI output can be integrated with your downstream systems.

LIBOR TRANSITION DATA EXTRACTION

LIBOR TRANSITION DATA EXTRACTION
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Output

Party A

National Bank of Canada

Party B

NBC Covered Bond (Legislative) Guarantor Limited Partnership acting by its managing general partner, NBC Covered Bond (Legislative) GP Inc.

Purpose

to confirm the terms and conditions of the transactions

Trade Date

January 5, 2017

Currency SWAP Exchange Rate

1 GBP = 1.64 CAD

Issue Initial Notional Amount

GBP 70,000,000

Day Count Fraction

Actual/365 (Fixed)

Floating Rate Option

GBP - LIBOR - BBA

Calculation Agent

National Bank of Canada

Designated Maturity - Party A

Prior to the Final Maturity Date, 3 months, and on or after the Final Maturity Date, 1 month

Designated Maturity - Party B

1 month

Floating Rate - Party A

The greater of (i) Party A Floating Rate Option plus Party A Spread and (ii) zero

Floating Rate - Party B

Party B Floating Rate Option plus Party B Base Spread.

Result

3x
Efficiency

Comparably High Productivity Margin Achieved

5x
Faster processing

Reduced time of Manual Intervention in training and prediction

99%
Accuracy

High in Accuracy, almost equalling Human Intelligence

3x
Cost Saving

Economising the spending with Bigger ROI

Challenges

Sourcing Bond contracts are demanding

SME-intrinsic manual processes that makes automation questionable

Language used in the contracts are not easy to understand

Manually extracting information is a time consuming process

Benefits

Increased efficiency in terms of large volumes

Easy to verify the information extracted using deep-linking

One-stop AI solution for all your data extraction

SME involvement is restricted to AI output review

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