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Agent · Spec in review

Covenant Monitoring & Compliance Certificate Agent

Tracks financial and non-financial covenants across the portfolio, calculates covenant values when new spreads land, chases overdue reporting, and generates breach notices or waiver requests for officer action.

Full spec in reviewSemi-autonomousComplexity: Medium
The full specification - workflow, tools, guardrails, handoffs and evaluation set - is in review and will replace this page when published.

What it does

  • Set up standard and custom covenant formulas from loan agreements
  • Create test records as due dates approach
  • Compute DSCR, leverage, liquidity and borrowing-base covenants from completed spreads
  • Track compliance-certificate and financial-reporting deadlines with reminders
  • Flag breaches and draft breach/waiver letters for approval

Systems and data it works with

  • Evalueserve Spreadsmart covenant module
  • NCino Continuous Credit Monitoring
  • Datagrid
  • LOS/servicing system
  • Document repositories via ingestion APIs