267. Where applicable, institutions should monitor borrowers’ adherence to the covenants agreed in …

Where applicable, institutions should monitor borrowers’ adherence to the covenants agreed in the credit agreements. The borrower’s adherence to covenants, as well as the timely delivery of covenant compliance certificates, where applicable, should be utilised as early warning tools. Early detection of deviations is key to protecting the institution’s position towards the borrower and other possible creditors involved. The ongoing monitoring of financial covenants should include all relevant ratios specified in the covenants (e.g. net debt/EBITDA, interest coverage ratio, debt service coverage ratio (DSCR).

1. Forbhreathnú

1.1 Tagairtí

1.2 Ceanglais aitheanta

1.3 Caighdeáin ghaolmhara

2. Ceanglais aitheanta

3. Caighdeáin ghaolmhara

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