Set up a new deal in a conversation.
CORA reads the agreement, the fee letter and the reporting history, proposes the deal's configuration and asks your team only the judgment calls.
At a glance
Run by your team
Your own team onboards each deal in the conversation. CORA does the reading.
Answers kept
Your team's answers stay on the deal's record, with who gave them and when.
Ready to monitor
Once confirmed, the configuration drives the deal: the borrowing base recomputed from gross and covenants tested at their dates.
In detail
The deal's setup, drafted from its documents.
CORA proposes how the deal should be set up, from its terms to its reporting, and your team reviews it before anything is set.
- Terms, tests and reporting proposed together
- Each proposal traced to its source
- Nothing set until your team confirms it
Short questions, with the agreement beside them.
Where a term could be read more than one way, CORA asks: a short question, a few plain options, its recommended answer and the agreement's words.
- CORA's recommendation marked
- The agreement's words and section beside it
- Nothing asked that the documents already answer
How lenders use it.
Review the proposed terms
Review the deal's terms as CORA proposed them from its documents, before anything is set.
Check the source
Check each proposed term against the section of the agreement it was read from.
Answer a judgment call
Answer the calls only your team can make, with CORA's recommendation marked.
Questions.
What does CORA need to start onboarding a deal?
The credit agreement, the fee letter and the reporting history. CORA reads them and proposes the configuration.
What counts as a judgment call?
A term the agreement leaves open or that could be read more than one way, such as whether a test is a covenant or a funding condition. CORA asks it with a few plain options and marks its recommendation.
Who does the onboarding, our team or yours?
Your own team, in the conversation. CORA reads and proposes; your team answers the calls and confirms the configuration.
Can we see why CORA proposed something?
Yes. Each proposal traces to its source in the documents, and each question shows the section it comes from, such as Section 7.01(a).
What happens after the configuration is confirmed?
It drives the deal from then on: the borrowing base recomputed from gross, covenants tested at their dates and springing terms watched.
Your next deal, set up by your team.
Bring an agreement and its fee letter and watch CORA propose the setup.