Loan Services.

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Presentation transcript:

Loan Services

Credentials – US insurer Developed a flow process for all new origination or refinancing Interface to US GC Servicer (25 bilateral / 9 syndicated) since launch in Q2 2012 34 Loans Loan Boarding within 48 hours from receipt of documents Daily File Remittance & Quarterly Asset Reviews Billion €2.4 Established a new origination platform for a major US Insurer Bespoke client reporting Dedicated access to CBRELS Client Portal

Credentials – project tower 58 LOANS £1.4 BILLION MULTIPLE JURISDICTIONS CBRELS REQUIREMENTS TO FACILITATE BOARDING ON-BOARDING PROCESS CHALLENGES RESOLUTION Data tape covering whole portfolio Bible of documents for each loan – loan documentation checklist provided to client Subsequent loan documentation amendments/waivers/updated valuations etc. Historical rate reset/interest advices Borrower reporting Download data provided by client Loans assigned to asset managers to carry out reconciliation of data, extraction of all compliance, covenant and monitoring requirements from documentation Loan Administration board loan into Cassiopae Exceptions reporting Completion of loan and asset data upload into Cassiopae Introduction to borrowers as appropriate Discrepancies/conflicting data provided by client Inconsistent information provided for each loan No single definitive data source to enable reconciliation of systems Timeliness of information provided Thorough due diligence and multiple audits carried out prior to boarding data onto Cassiopae to ensure complete accuracy Discrepancies in data resolved through regular client contact Reconciliation of data at each stage of boarding process

Credentials – US Debt Funds £151 MILLION 7 LOANS FUND TARGET £1bn £408 18 FUND ONE TWO Asset Valuations (Loan Valuation Dept.) Loan Valuation (Loan Services Dept.) EXISTING SERVICES PROVIDED TO CLIENT START Held client meetings from June 2015 Identified needs and opportunities: Assistance in performing loan administration and reporting functions at loan/fund level CLIENT MEETINGS PROCES SES Assign Asset Managers Extract key terms of finance documents Board Loans into systems Create Interest Statements Create bespoke client reports PROPOSAL OF PRIMARY SERVICING FUNCTIONS Loan Servicing System: Upload & monitor key terms of the finance documents; Loan Interest Statements: Preparation and submission to the client; Cash Management: Monitoring loan cash flows and receipt of funds; Borrower Reporting: Monitoring, analysis and reporting of covenants; Client Reporting: Providing bespoke reports at both the loan and fund level. Engaged to Primary service new Debt Fund launched in Q1 2016 Engaged to replace existing Primary Servicer to service Client’s already established fund MANDATE S WON FINISH