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.
- Log in to your Fairways Debt account and select a customer account, if relevant.
- Navigate to Applications
> Debt & Derivatives > Entities.
- Click the relevant entity name.
In this example, we log in to the Main City account.
The entity overview displays.
The table is composed of the following sections:
- Covenants: All covenants existing in the entity.
- Metrics: Manual metrics and their manual data.
- Indicators: Indicators used in the formulas with their actual values.
Notes:
- 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.
- A period for a covenant is grayed out in the overview as long as the threshold's start date has not been reached.
- If the values of the indicators are not displayed and the currency type selected for the entity is "Transaction Currency", check that the same currency is applied to all transactions in this entity. For more information, see Configure an Entity Scenario. Contact your Finance Active consultant for further assistance.
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# |
Description |
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A |
Simulate specific cases of metrics and edit the metrics for the selected scenario. Notes:
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B |
Group metrics by transaction, covenant, or lender. Note: If a warning icon is displayed, some data is missing for the covenant calculation. You must then:
Contact your Finance Active consultant if the icon is still displayed after the above checks. |
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C |
In the Covenants section:
In the Metrics section:
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D |
Export data to Excel. |
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E |
Click the clock icon |