Covenant Monitoring demo
Every certificate collected and every covenant re-tested from the borrower's own numbers the day they arrive. 1:15
What the demo shows
A covenant solution for lenders that collects certificates and re-tests every covenant.
Six agents read every credit agreement and amendment, collect each certificate on its due date, spread the statements and re-test every covenant under the agreement's own definitions; the analyst confirms, the relationship manager and the Chief Credit Officer decide the response.
Transcript
- Covenant Monitoring re-tests every covenant from the borrower's own statements for commercial lenders.
- Each gauge is a covenant.
- Needle today, ghost last quarter.
- Two swung into the red this weekend.
- Halvorsen Industrial Coatings certified fixed charge coverage of 1.31, a pass.
- PREA retests it from the statements.
- Six agents read the amendment and recalculate.
- The needle swings to 1.23 and turns red.
- Borrow a reported pass.
- Recalculated breach. The amendment caps the plant closure ad back at 10%.
- Halvorsen took all of it.
- The assistant finds the cure.
- $108,000 of equity by December 7th.
- Priya confirms, and Tom gets the letter.
- The breach seen the day it happens.
- Built on Botminds: agents, data, screens, and governance on one platform.
Transcribed from the film’s narration. Captions are on the player.