Prospectus Review demo
Reads each new bond prospectus or offering memorandum into a cited credit brief for analysts 1:33
What the demo shows
Reads each new bond prospectus or offering memorandum into a cited credit brief for analysts
A narrow new-issue calendar runs down the left: this week's deals with size, tenor, price talk, a mark for each fund and the books-close clock. Selecting one unfolds a one-page brief as a stack of sections (business, capital structure, guarantors and collateral, covenants, risk factors, relative value), each line opening the memorandum page it came from, the original language beside the English. Seven agents do the work: the Intake agent opens each deal and every new document version; the Triage agent checks it against the rules and holdings of every portfolio; the Brief writer reads the whole memorandum and writes the brief; the Citation checker re-finds every line and withdraws any it cannot; the Relative value agent prices it against comparables; the Diff agent compares each new version with the preliminary and reopens the decision if a protection weakened; the Order drafter sizes the order by fund. The analyst recommends, the portfolio manager approves, the trader executes, and a Pass on a name a fund holds needs the Head of Credit Research.
Transcript
- Prospectus Review reads each new bond offering memorandum into a cited brief for credit analysts.
- Memoranda run 300 pages and books can close within hours.
- Eight deals this week fit Quillfield's funds, each checked against every mandate.
- Valdemira Energía, 500 million euros under a Spanish offering circular.
- Ready 39 minutes after launch.
- Each line opens its Spanish page, age beside the English.
- Four funds can buy it, four cannot, and the agents say why.
- Before pricing, the diff agent flags that the revised terms drop the change of control put.
- Analyst Marco Ruiz recommends a smaller order, 25 million euros.
- Portfolio manager Grace Lindquist approves, and the trader revises the order before books close.
- Every line cited, every decision signed by a second person, every step logged.
- 486 deals briefed this year before books close.
- 61 changes caught. Built on Botminds.
- Agents, data, screens, and governance on one platform.
Transcribed from the film’s narration. Captions are on the player.