Covenants in Fairways Debt are agreements specifying actions and thresholds that the borrower must perform and respect. Covenants protect lenders when borrowers do not meet their requirements.
Metrics define the measurements to meet in a covenant. Perimeters define what borrower(s) are associated with what metrics.
If you have manual metrics, enter this manual data in the relevant scenario.
Prerequisite
Navigate to the Debt & Derivatives Application
- Log in to your Fairways Debt account, e.g. https://login.financeactive.com/eu, and select a customer account, if relevant.
- Navigate to Applications
> Debt & Derivatives > Entities.
Apply a Metric Frequency to an Entity
The metric frequency defines the scenario frequency.
- Click Edit
beside the relevant entity.
- Select a metric frequency.
Note: Available frequencies are:
- Monthly
- Quarterly
- Annually
- Click Apply.
- Click Yes, edit.
The selected frequency displays as the metric frequency of the relevant entity.
Configure an Entity Scenario
- Click the entity to verify the scenario frequency.
- Select the relevant scenario.
- Click Edit Data.
- Complete the scenario with all relevant details.
- Click Apply.
The scenario is configured.
Warning: Updating the metric frequency again resets the scenario data.