Covenant Monitoring
Every compliance certificate recalculated against the agreement’s own definitions the day it arrives.
Why it matters
Compliance certificates arrive late or not at all, and are filed after a glance at the borrower’s own maths rather than recalculated from the statements.
How the solution handles it
Five agents track every reporting date and chase late certificates, read each certificate and statement, recalculate every test using the agreement’s definitions, flag breaches and thin headroom, and draft the waiver memo. The portfolio manager decides the action.
How a certificate moves
Five agents chase, read, recalculate and flag every covenant test and draft the waiver memo; the portfolio manager decides the action.
What it reads, and what it hands back.
What goes in
- Compliance certificates
- Quarterly and annual statements
- Covenant definitions from the agreement
- Borrowing-base and stock statements
- Waivers and amendments
What comes out
- Recalculated covenant tests
- Breach and trend alerts
- Draft waiver or reservation-of-rights memo
- Overdue-certificate list
Who uses it
The difference, in numbers.
Every figure is labelled: a target the solution is built to, an estimate, a typical published result, or a proven one.
“Target” = design goal, measured in the live solution · “Typical” = common reporting windows in credit agreements (quarterly 45–60 days, annual 90–120 days) · agents = the live solution’s configuration
5 specialist agents. One person decides.
More in this division.
Every deal package sorted, checked for gaps and summarised the day it lands, not days later.
Financial SpreadingEvery statement and tax return spread in minutes, global cash flow built, each number cited to its page.
Credit MemoA cited credit memo drafted from the spread, the file and your policy, ready for committee in hours.
Build this
for your team.
We’ll show Covenant Monitoring running on your own documents.