Non-Financial Covenant Mangement & Compliance
Anonymous
| Apr 30, 2010
Good morning,
I have recently been involved in some interesting dialogue around how to manage compliance with debt covenants and best parctices to mitigate non-compliance risk.
I would like to solicit insight from the group regarding how they manange non-financial covenants.
Best regards,
Ernie
Answers
Company:
Um, I track my company's covenants on a spreadsheet and with my memory. I schedule reviews on my calendar quarterly with my team. We review all elements, financial or otherwise to see where we have issues.
It's not a best practice by any stretch, but I have not found a good way to automate this.