Predictive vs Punitive Covenants

Understand the purpose of covenants and their link to monitoring and staging.

Covenant Taxonomy

Explore various covenant types such as reporting, liquidity, leverage, coverage, restrictions, and ESG.

Breach Management Workflow

Learn the process of detecting, classifying, remediating breaches, and managing waivers/resets/amendments.

About the Course

The next course, Covenant Management, is designed for portfolio managers, investment officers, legal/risk partners who aim to design, test, and enforce covenants with consistent breach/waiver discipline. This course will equip you with the knowledge and skills to excel in covenant management, ensuring efficient covenant design, testing, breach handling, and waiver execution.

About the Creator

Hello, I'm excited to share my expertise in covenant management with you. As an expert in the field, I understand the challenges faced by portfolio managers, investment officers, and legal/risk partners. My goal is to help you master covenant management and achieve success in your roles.

Course Curriculum

8 Chapters · 30 Lessons

  1. 1

    Introduction

    1. Welcome and Introduction Free preview
    2. Course Description Free preview
  2. 2

    Module 1: Covenant Purpose & Taxonomy

    1. Covenants as Early Warning Tools Free preview
    2. (Included in full purchase)

      Covenant Types

    3. (Included in full purchase)

      Module 1: Quiz

  3. 3

    Module 2: Covenant Menu & Selection Logic

    1. (Included in full purchase)

      Choosing Covenants Based on Risk Mapping

    2. (Included in full purchase)

      Standard Covenant Menu Overview + Selection Rules

    3. (Included in full purchase)

      Select 8 Covenants for a Sample Borrower + Rationale

    4. (Included in full purchase)

      Select 8 Covenants for a Sample Borrower + Rationale (Template and Solution)

    5. (Included in full purchase)

      Module 2 Quiz

  4. 4

    Module 3: Testing Calendar and Data Integrity

    1. (Included in full purchase)

      Testing Mechanics and Headroom Signals

    2. (Included in full purchase)

      Common Borrower Reporting Issues

    3. (Included in full purchase)

      Covenant Tracker Template

    4. (Included in full purchase)

      Calculate Headroom and Flag “at Risk” Covenants

    5. (Included in full purchase)

      Assignment: Calculate Headroom and Flag “at Risk” Covenants (Solution)

  5. 5

    Module 4: Breach Management Workflow

    1. (Included in full purchase)

      Detection to Remediation

    2. (Included in full purchase)

      Breach Memo Structure + Evidence Requirements

    3. (Included in full purchase)

      Draft a Breach Memo from a Scenario

    4. (Included in full purchase)

      Draft a Breach Memo from a Scenario (Solution)

  6. 6

    Module 5: Waivers, Resets, and Governance

    1. (Included in full purchase)

      Acceptable vs Dangerous Waivers

    2. (Included in full purchase)

      Decision Matrix: Waiver vs Reset vs Amendment

    3. (Included in full purchase)

      Decide and Justify Actions Across 4 Scenarios

    4. (Included in full purchase)

      Decide and Justify Actions Across 4 Scenarios

    5. (Included in full purchase)

      Module 5: Quiz

  7. 7

    Module 6: Reporting Consistency

    1. (Included in full purchase)

      Managing Covenant Data

    2. (Included in full purchase)

      Reason Code Library (Breach Reasons + Waiver Types)

    3. (Included in full purchase)

      Reason Code Library

    4. (Included in full purchase)

      Final Quiz: All Modules

  8. 8

    Wrap

    1. (Included in full purchase)

      Summary and Good Bye

    2. (Included in full purchase)

      End of Course Message

Ready to Master Covenant Management?

Enroll now to unlock the full potential of covenant design, testing, breach management, and waiver execution.

$99.00

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