Banking & Finance Document Analysis
Analyze credit agreements, covenant structures, security packages, and compliance requirements for syndicated lending facilities.
55-70% reduction in document analysis
Comprehensive term extraction
Practice Area Specialties
The Problem
- ✗Technical complexity of finance documents
- ✗Interdependencies across document sets
- ✗Covenant calculation complexity
- ✗Collateral coverage analysis
- ✗Ongoing compliance monitoring
How Claude Helps
Reviews credit agreements and loan documents, analyzes covenant structures, maps security packages, identifies compliance requirements, and compares against market terms.
Step-by-Step Workflow
Upload finance documents
Provide the credit agreement, security documents, and related facility documentation.
Run facility analysis
Claude parses the facility structure, terms, and conditions.
Extract covenant structures
Identify all financial and negative covenants with definitions and testing frequency.
Map collateral coverage
Analyze the collateral package, exclusions, and perfection requirements.
Identify compliance requirements
Extract reporting obligations, certificate deliverables, and monitoring needs.
Generate facility summary
Produce a comprehensive facility summary memo with compliance calendar.
Example Prompt
Analyze this syndicated credit facility: FACILITY OVERVIEW: - Borrower: Acme Corp - Agent: Big Bank NA - Facility: $100M Revolver + $50M Term Loan - Maturity: 5 years ANALYSIS REQUESTED: 1. FACILITY TERMS - Commitment amounts and draw procedures - Interest rate margins and SOFR mechanics - Fees (commitment, agency, letter of credit) - Mandatory prepayments - Voluntary prepayment (premiums?) 2. FINANCIAL COVENANTS - List all financial covenants - Definitions of each metric - Testing frequency - Cure rights and equity cure provisions 3. NEGATIVE COVENANTS - Key restricted activities - Permitted baskets and exceptions - Builder baskets - Material amendments 4. COLLATERAL PACKAGE - What's included in collateral - Exclusions and limitations - Perfection requirements - Intercreditor arrangements 5. EVENTS OF DEFAULT - Covenant breach consequences - Cross-default provisions - Material adverse change - Change of control 6. BORROWER COMPLIANCE - Reporting requirements - Certificate deliverables - Ongoing covenant monitoring needs Output as facility summary memo with compliance calendar.
Frequently Asked Questions
Can Claude calculate covenant compliance?
Claude extracts covenant definitions. Actual compliance calculations require financial inputs and should be verified by accounting.
What about intercreditor agreements?
Upload intercreditor documents with facility documents for comprehensive analysis of subordination and payment waterfalls.
How current is market practice information?
Claude's knowledge has a cutoff. For current market terms, provide comparables or market data for reference.