Corporate lending represents a complicated lending area. The combination of complex loan structures in different currencies, syndicated to many participants combined with collateral structures in various assets provide difficulties in managing covenants, reporting exposures and keeping track of the risk.
EVRY offers all the necessary tools and support to meet these challenges.
Corporate Lending covers all the main banking product areas within commercial and corporate lending including i.a. floating and fixed rate loans in any currency with various repayment schedules, multi-currency credits, revolving credit facilities, guarantees and syndicated loans. Configuration of the customer's loan types is done centrally by choosing from an extensive list of standard loan parameters.
The corporate lending solution is modular and configurable in order to suit any organizational structure. All sub-modules, including front, middle and back office, are fully integrated. It has been in operation in commercial and corporate lending environments for more than ten years throughout Europe, and is implemented as a Basel II IRB compliant solution.
A complete workspace solution is offered based on web parts incorporated in a Microsoft SharePoint. This enables a wide variety of collaboration possibilities by a web services layer.