KPI covenant management
This is a functional module of the Onbrane platform that aims to help market actors save considerable time in managing debt covenants in the same secure and shared environment where they negotiate and issue debt.
The KPI covenant functionality covers the standardization of ESG and financial KPIs, covenant creation for all types of debt programs, notification system for covenant updates, impact calculation on debt, and market data on the most used covenants.
Manage covenants like nowhere else
with our advanced and modern features
Standardised KPI Tracker:
Choose from market’s favorite ESG and financial KPIs to add them to your framework and debt products.
On the framework page, you can add all the desired KPIs to your covenants. The platform provides you with a list of standardized KPIs that helps you make your documentation comparable to the market.
Already have a debt programme with covenants? You can add it on Onbrane and continue managing your program and related covenants in a digital streamlined environment with your counterparts.
Convenant mechanism builder:
Create and attach your covenants events and mechanism with KPIs and debt products.
On Onbrane, you can define your covenant by debt instrument or programme. Each covenant has its reporting schedule, condition, and mechanisms.
The platform has a list of standardized mechanisms that apply in case of not complying with the covenant (coupon step-up, redemption, loss of an ESG label, etc). We also indicate which mechanisms are most used by other market actors like you to help you choose the most suitable ones for your case. Alternatively, you can attach your own document.
Negotiate & Issue Debt with Covenants:
Take advantage of the leading debt negotiation & issuance platform available on the market
Once you set up your framework, KPIs and related covenants, Onbrane’s powerful debt negotiation, and issuance capabilities come into play. You can create a yield curve in a matter of minutes, attach your framework and KPIs and send it to your counterparts. Take advantage of streamlined negotiation with your chosen intermediaries, reach the deal, and issue debt with ease.
Debt covenant monitoring:
Stay on top of your commitments & comply with covenants at ease.
Onbrane allows you to follow all the past and future events related to your covenants on each financial instrument.
What’s more, the Onbrane platform helps you stay on top of the important events (for instance, when the KPI report is due). You can configure custom notifications and get alerted prior to the due date.
Covenant event management:
Be sure to miss nothing and get notified when actions are due.
For all your covenants, you have access to a calendar available on the homepage where you can see all your actions, upcoming rolls and events. You can easily view and manage each event in a few clicks.
What’s more, you can define notifications to get alerted on upcoming report due dates or breaching of the covenant.
KPI report tool:
Effortlessly communicate your progress with all counterparts and see the impacts on your debt products.
For each of your KPIs, you can add a report and directly see the potential impacts on all of your debt products. Once the report has been validated, it is sent to all your investors with the impact calculation.
