CLO Compliance demo

What the demo shows

Ties each CLO trustee report to the manager's own compliance tests and flags every break

Each CLO opens on a row of test gauges: overcollateralization for every class, the interest diversion test, interest coverage, WARF, spread, diversity and the CCC bucket. Every gauge carries two marks, the trustee's and the manager's own, with the trigger between pass and fail; a gap glows, and a countdown shows the days to the payment date. The Reader agent extracts every test and asset row from the trustee report; the Recompute agent recalculates each test from the manager's positions with the indenture's definitions; the Diff agent explains each break to the loan and groups breaks by cause; the Checker agent re-derives every explanation on a different model; the Payment-date watch agent runs the waterfall both ways; the Query agent drafts the question to the trustee. The analyst confirms, the Head of CLO Operations approves and signs, and the relationship manager sends.

Transcript

1. 0:00CLO Compliance ties every trustee report to the manager's own compliance tests and flags each break.
2. 0:10Managers have about eight days to check each report, test by test.
3. 0:16Quill Field CLO 2023 to one pays in nine days.
4. 0:21Each gauge shows two marks, the trustee's and ours.
5. 0:26On Class D, the trustee shows 105.08.
6. 0:31We show 104.62.
7. 0:34The DIF agent traces the gap to one loan, bought at $78.5 but carried at par.
8. 0:44The indenture says it counts at its purchase price, and the checker agent agrees.
9. 0:51So the interest diversion test fails.
10. 0:54$583,750 must buy collateral.
11. 1:00Priya confirms, and the query agent drafts the trustee question.
12. 1:07Her head of CLO operations approves before it goes out, cited, signed, and logged.
13. 1:14This month, 34 breaks became 17 causes, all explained in time.
14. 1:21Built on Botminds: agents, data, screens, and governance on one platform.

Transcribed from the film’s narration. Captions are on the player.