Crisil Global Research and Risk Solutions help financial institutions stay ahead of potential weakening in the credit quality of their lending portfolios by monitoring the status of negative and affirmative covenants. We work to strengthen our clients’ covenant monitoring by standardizing processes, creating efficiencies and reducing data errors.
We partner with clients to develop an integrated, automation-led solution to maximize efficiency and improve their covenant monitoring practices. Our automated solutions encompass retrieval of covenant compliance certificates from deal sites/bank systems, extraction of covenant data from scanned compliance certificates/credit agreements, automated data entry into bank internal monitoring system using bots/RPA tools, and automated email alerts for flagging contraction of headroom or any overdue covenant attestation.
Crisil Global Research and Risk Solutions Covenant Monitoring delivers significant benefits:
Provides timely alerts to credit officers for any signs of financial deterioration or any overdue covenant attestation;
Validates reported financial covenant levels with audit trail for compliance & regulatory reviews;
Ensures timely and accurate tracking of covenant compliance on bank’s internal systems;
Unlocks bandwidth of credit officers through automation and comprehensive support in all operational and analytical activities.
Solution Components
Covenant monitoring tailored to the client’s schedule
Automated monitoring provides early warnings
Dynamic visualization dashboards provide clear visibility and comprehensive view
Crisil EDGE
Innovative and automated solutions to generate efficiency in credit monitoring processes
Extensive experience in credit data operations projects, backed by large team of data and process specialists
Seamless transitions to enhanced credit monitoring processes
Proven data protection and compliance frameworks that can mirror clients in-house standards
Innovative and automated solutions to generate efficiency in credit monitoring processes
Extensive experience in credit data operations projects, backed by large team of data and process specialists
Seamless transitions to enhanced credit monitoring processes
Proven data protection and compliance frameworks that can mirror clients in-house standards