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.
Note: Only administrators can manage metrics.
Navigate to the Account Metrics
- Log in to your Fairways Debt account and select a customer account, if relevant.
In this example, we log in to the Main City account.
- Navigate to Applications
> Account Administration. - Navigate to Account > Account Metrics.
Bulk Associate Metrics with Entities
- Click Settings
> Associate Metrics.
- Select one or multiple metric(s) to associate.
Tip: Use the top checkbox to simultaneously select/deselect all items.
- Click Next.
- Select one or multiple borrower(s) to associate with.
Tip: Use the top checkbox to simultaneously select/deselect all items.
- Click OK.
- Click Yes, associate.
The selected metrics and entities are now associated.
In our example, the Actual Payment Status metric (among others) can now be applied to covenants of transactions associated with the Library or the Stadium borrower.
