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.
- 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.
- Click Covenants.
The entity covenants display.
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Description |
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A |
Filter the covenants by status.
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B |
Search for a covenant by:
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C |
Sort covenants. Click an item:
To sort using multiple criteria:
In this example, the data is sorted by the next publication date in ascending order, then by the covenant status by alphabetical order. Note: The counter starts with 2 because the 1st criterion is automatically defined as the transaction group. |
D |
Add, edit, delete, and export covenants. Note: The History icon is available on the covenant profile to view all the changes performed on a dedicated panel. |
E |
Click a covenant name to open the covenant profile. If present, hover over the Information icon beside the covenant name to display the associated verbiage. If present, hover over a formula icon f(x) to display the metric formula. From the covenant profile, you can:
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