-
ca. USD40Bn
in AuM
-
40%
client bandwidth saving
-
30%
operational cost savings
CLIENT CHALLENGES
- Client sponsor: Senior Group Manager, One of the largest European headquartered credit and private debt managers, global expertise in Senior Secured Loans, High Yield Bonds, Private Credit, Structured Credit, Special Situations and Multi-Strategy credit.
- Client needs: Client was looking for an extended team who could help Monthly and Quarterly EURO and US Payment reports and provide support to the Investment risk support to the compliance teams.
OUR APPROACH
- Preparation of monthly and Quarterly Payment report for US and European Collateral loan obligation‘s.
- Collateral principal amount tie out, data points reconciliation ( Ratings, defaults, Haircuts) and validation.
- Reconciliation of trades, cash and Market price with Trustees data.
- Review and Validation of Coverage tests, Collateral quality test and concentration limitations test with trustees data to check whether deals are complied with an indenture language.
- Monitoring daily fund transactions to ensure accuracy of activity through research rating websites like Moody’s, S&P and Fitch, Update and validate the securities with comparison to trustee’s with internal system.
- Work on waterfalls by validating the accrual date, payment date, Libor rate, expense cap language, fee basis amount and review wire instruction.
- Preparation of liquidity reporting of funds/Strategies on the Allvue/ Hedge mark system.
- Preparation of Monthly liquidity risk monitoring report and deliver to the clients
- Preparation of Equity/Voting right holding reports and financial statements for the non listed counterparties and generated the forms for the Audit and created the Performa for listed counterparties
- Third party Tools : Nexen, Rating sites, S&P, Fitch Ratings, ALLVUE.
IMPACT DELIVERED
- Real time support to the Client
- With less time we provide historical data and other data whenever needed
- Added bandwidth for the client teams for operational support, reducing cost by 40%
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