Compliance Monitoring – Summary of Features and Benefits

Standardized covenant definitions (Structured and configurable)

• Consistency across lending groups and portfolios
• Easy to set-up covenants

Effective dated; Min/Max and True False definitions (Flexible)

• One-time covenant creation
• Monitor on-going updates as required

Electronic repository of all source documents (System-wide review and retrieval)

• No lost or misfiled documents
• Easy access to documents

Automated prompts for credit analyst review (Managed systematically)

• Ensures compliance to loan agreements
• No missed covenants

Standardized letter creation (Pre-built and configurable templates)

• Adheres to bank and regulatory requirements
• Electronic repository of letters

Audit trail of covenant creation, monitoring and actions (Management and control)

• Monitor compliance to internal policy
• Training resource