The real estate finance team have built and maintain asset management systems which reflect good industry practice in real estate and mortgage asset investment management.
These include reporting frameworks to monitor, amongst others, covenant compliance, net operating income, leasing, valuation, capital expenditure programmes, borrower accounts, sponsor and tenant financial information, potential changes in the competitive position of properties, counterparty risk and servicing standards.
Main metrics are reassessed and cash-flow models are refreshed on a quarterly basis. Ratings are reviewed at least quarterly.
Watch lists are used and any loans with a material risk of impairment are reported to an internal problem credit committee which includes senior fixed income professionals as well as workout specialists.