Case File
efta-01370090DOJ Data Set 10OtherEFTA01370090
Date
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Source
DOJ Data Set 10
Reference
efta-01370090
Pages
1
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0
Integrity
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Experienced Team Supported by Operational, Reporting
and Governance Structure
Thorough
Investment
Procedures
Enhanced
Controls and
Compliance
Robust
Operational
Structure
•
7 dedicated investment professionals with complimentary skill sets allow for thorough analysis of each investment and ongoing
monitoring
•
Analysis focused on industry dynamics, competitive position, predictability of cash flow, debt service coverage and leverage
ratios, and equity cushion
•
All investments and dispositions must be approved on a unanimous basis by 9 member Investment Committee
•
A lead and back-up analyst are responsible for the ongoing monitoring of each credit
•
Hypothetical trade tests are performed by the investment team and Loan Information Agent (US Bank middle office), prior to any
investments or dispositions
•
Indenture covenant compliance is tracked by investment team, FAO', Loan Information Agent, and Trustee (US Bank)
•
Trade, payment and monthly reports are produced by the Trustee and reviewed by the investment team and FAO
•
Ernst & Young serves as the Recalculation Agent to ensure that all covenant ratios are calculated accurately
•
Daily and ongoing communication between investment team, FAO, Loan Information Agent and Trustee
•
Investment team, FAO, and US Bank have multiple redundancies with strong working knowledge of RIN
•
Daily reconciliation of positions and cash balances between investment team, Loan Information Agent and Trustee
•
Quarterly payment waterfall tie-out between investment team, FAO, Loan Information Agent and Trustee
•
Loan Information Agent utilizes CDO Suite to track RIN portfolio
Integrated
•
Integrated data feeds from Bloomberg, Mandl, rating agencies, and third party pricing providers
Technology
•
Well established trading platform and settlement process in line with LSTA standards
Suite
•
24/7 technology support professionals mitigate business disruption risk
•
Tested business continuity plan in place whereby employees have remote access to necessary systems
(1) Fund Administration Oversight.
Deutsche Asset Management Infrastructure Debt Presentation: RIN II Equity
March 2018
10
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e)
DB-SDNY-0062688
CONFIDENTIAL
SDNY_GM_00208872
EFTA01370090
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