Treasury is responsible for managing the compliance with the non-financial covenants to avoid surprising lenders and auditors. However, the problem is that over 90% of most company’s covenants are non-financial.
Debt Compliance Services believe that the corporate treasury department can only do this if it has a strong quarterly debt compliance process that gathers information about existing and potential covenant issues so that they can be monitored, managed and mitigated in future quarters.
For Debt Compliance Services' mini-webcast about their 12 Step Process that treasury can take to mitigate its default risk, see here.
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