Entity Overview

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.

 

  1. Log in to your Fairways Debt account and select a customer account, if relevant.
  2. Navigate to Applications Applications.png > Debt & Derivatives > Entities.
  3. Click the relevant entity name.

In this example, we log in to the Main City account.

Entities_EN.png

The entity overview displays.

Overview_EN.png

The table is composed of:

  • Covenants: All covenants existing in the entity.
  • Metrics: Manual metrics and their manual data.
  • Indicators: Indicators used in the formulas with their actual values.

Note: The overview does not display all the periods for the covenants defined on a monthly or a quarterly frequency. All the periods can be viewed on the generated Excel file.

Overview_Description_EN.png

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Description

A

Simulate specific cases of metrics and edit the metrics for the selected scenario.

Note: Any update on the Base Case scenario will automatically affect data on the Metrics tab.

Note: Metrics from the previous period can only be modified on the Metrics tab.

B

Group metrics by transaction, covenant, or lender.

C

Hover over a formula metric f(x) to display its formula.

D

Export data to Excel.

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