Explore Crisil, a company of S&P Global

Formerly known as Global Research & Risk Solutions

Covenant Guard

 

 

Bespoke tool for covenant workflow management and analytics

Stringent covenant monitoring helps minimise credit loss, while alerting lenders on weakening credit quality. Crisil’s Integral IQ’s Covenant Guard is an integrated and centralised solution that combines domain knowledge with technological proficiency to ensure operational agility. The tool can set up covenant monitoring frequency, capture periodic covenant data, send automated email alerts to flag headroom contraction and overdue covenant attestation, and view dashboards with slice and dice features.

The tool has two covenant workflow modules - one for lenders to monitor the covenants reported to them and the other for borrowers to track and report the covenants they must comply with.

Our customised solutions align with clients' objectives to ensure maximum efficiency and controls.

 

 

Our covenant workflow modules ensure an end-to-end audit trail
 

 

 

 

For lenders

  • Centralised repository of covenants, credit agreements, amendments and compliance packages
  • Periodic monitoring frequency and thresholds
  • Periodic covenant updates
  • Covenant validations and discrepancy report
  • Periodic status reports on the covenants – current monitoring status and overdue report
  • Alerts to account officers for overdue covenant attestation and headroom contraction to below pre-agreed thresholds
  • Dynamic visualisation dashboard for a comprehensive view

For borrowers

  • Framework of quantitative and qualitative covenant requirements
  • Periodic alerts for due and overdue covenant attestation items
  • Timely and accurate system updates/attestation through built-in auto alerts and periodic status reports
  • System-generated notifications to respective stakeholders/team for action and approval
  • Validation and reporting of financial covenant
  • Dynamic visualisation dashboard for management overview on covenant reporting status