CMBS Covenant Insight Module
Commercial Loan & CMBS to immediately understand the related cash management covenants
Understand details of Commercial Loans & CMBS Cash Management clauses & impact on cash flows
CMBS product structures contain clauses that stipulate how cash generated from the underlying assets are to be handled and who has control over the accounts, including covenants on changes if there is stress on the underlying properties. Claira understands and interprets all the information described in the prospectus regarding these cash management and makes them available for underwriters, investors and traders.
Establishment of Lockbox Account
Details of Cash Management Account
Cash Trap Trigger Events
Calc method for Debt Yield/DSCR based triggers
Property Characteristic Based Triggers
Impact of Cash Trap Triggers
Control Changes of Cash Accounts
Funding of Cash Reserves
Cashflow Waterfall Changes
Key Deal Attributes, i.e. issuer, date & identifiers
Connect To File Repositories Or Drag & Drop
Claira’s pretrained algorithm allows you to simply upload relevant prospectus and immediately understand the cash management details of the deal.
Integrate your trading or portfolio systems to scale outcomes by your exposure.
Review Understanding of Prescribing Sentences
Avoid having to read or search through the 500 page prospectus’. Claira highlights relevant sentences it understood to determine the generated insight.
Share and escalate document results within the platform for further action.
Download insight data for downstream analysis
Export deal level summary and sentence level insight data as a CSV/EXCEL file or via an API.
Desired analytics can be customized to your portfolio needs.