👋Introducing Pledge Path
Pledge Path is a series of tools designed to help you calculate borrowing bases and manage your credit facilities.
Overview
Pledge Path is a software solution tailored to efficiently manage transactions and surveillance of your credit facilities, including calculating borrowing bases and other reporting tasks.
The problem with managing your facility
Traditionally, credit facilities have been managed using two approaches: the do-it-yourself (DIY) method or hiring external consultants.
Do-It-Yourself Method
Relying on internal tech resources to model credit facilities can work well for simple structures, but it becomes challenging as complexity increases. This task is often performed in Excel, featuring indecipherable formulas
Facilities are dynamic and change over time, often resulting in a cumbersome, costly, and error-prone process.
Consultants
While consultants are generally more skilled at managing complex facilities, they often lack the transparency of in-house teams. Moreover, involving external consultants can introduce friction to processes that require frequent iteration.
Why Pledge Path?
Pledge Path Pilot offers the best of both worlds. It empowers you to maintain full control over your credit facilities while leveraging state-of-the-art technology and receiving world-class support.
Start using now
No time-intensive onboarding and back-and-forth. We can begin onboarding your facilities today. A live demo will show you exactly what to expect, and dozens of examples will help guide you through the process. Professional onboarding is also available with turnaround times in days rather than weeks.
Fully Executable Rules
Facility rules are written in plain, clear language and are fully executable in the app. When you make a change, you can see the results immediately.
Flexible
Pledge path supports all asset classes and tape formats. You only require loan id and balance to get started. You can then use the tape in its original schema to create new definitions, eligibility criteria and concentration limits. Every calculation if traceable to the source tape.
Amendments and waivers
Pledge Path offers full support for amendments and waivers. Whether you want to put in a one-time override to a calculation for a single loan or want to edit the eligibility criteria for every subsequent event, Pledge Path offers you a simple way to make changes to the rules.
White glove optional
Onboarding and support services are also available. Reach out to sales for more information.
Additional Services
Additional services are also available such as document analysis and custom language features. Reach out to support for more information.
Solutions
Pledge Path has a series of tools to help you manage your facility.
Pledge Path Proposal allows users to calculate a borrowing base that may not yet exist. The borrowing bases are not tied to any transactions, meaning only a single draw event is being modeled at a time.
This is useful when first evaluating a facility. Proposal lets you quickly change rules, write notes, upload new tapes, and rerun the borrowing base. When your facility is ready to go live, you can promote it to Pilot, provide additional information on the facility, and use it to manage your workflow.
Pledge Path Pilot supports the entire workflow of the facility. Like Proposal, Pilot lets you change rules, upload tapes, and run borrowing bases. Additionally, Pilot allows you to define triggers and a waterfall, apply waivers and amendments, and create performance reports over time
While Proposal is a good introduction to the capabilities of Pledge Path, Pilot is the ultimate tool to help you manage your facility.
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