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
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
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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