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. Scenarios enable you to simulate different cases using different metrics.
Note: Only administrators can create scenarios.
Prerequisites
Contact your Finance Active consultant to:
Navigate to the Account Metrics
- Log in to your Fairways Debt account and select a customer account, if relevant.
- Navigate to Applications
> Account Administration.
- Click Account > Account Metrics.
In this example, we log in to the Main City account.
Create a Scenario
- Click Add Scenario.
- Complete the form with all the relevant details.
Note: Fields marked with an asterisk * are mandatory.
|
Field |
Description |
|---|---|
|
Name |
Scenario name. |
|
Description |
Additional details about the scenario. |
- Click Apply.
The new scenario displays in the Scenarios section.
Notes:
- You can edit or delete a scenario by clicking on the dedicated icon.
- You cannot delete the default base case.
Tip: Click the clock icon on the top-right corner to view the change history on a dedicated panel.