FrameForma is a credit-structure design and assurance platform. It tests whether the protections in a credit transaction work when exercised through documents, counterparties, systems, timing and incentives.
Anchor every protection to the loans that actually have to perform
Build the enhancements to fit the conditions, parties and controls that carry the risk
Test the whole structure against what stressed markets and counterparties will do to it
Trace each material feature of a credit transaction to the risk it allocates, the conditions it needs to hold, and the parties, documents, controls and processes it depends on. Begin from a template structure, then embed your policies, preferences and profiles to give the AI agents the expertise they need to work alongside you throughout the transaction lifecycle, from initial structuring and execution to performance, distress and restructuring.
4 in portfolio
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The worked example is built for a larger screen. Revisit on a desktop to open the structures, follow the diligence trail and drive the analysis dock.
A mitigant can depend on more than the clause that records its terms. An interpretation provision that quietly overrides a term elsewhere. A regulatory requirement about the form of an instrument, or the standing to exercise a control. A timing asymmetry that nullifies a trigger. A market practice the mechanism leans on but cannot lawfully compel. Any one of these can defeat what the structure relies on.
A deal team gets a finite mandate to assess and shape a deal. What ends up settled is shaped as much by default assumptions, prior templates, and whoever pushed hardest as by first-principles analysis. The diligence and structuring resource concentrates on the recognisable features, and a swift close leans on judgment anchored to reference transactions — benchmarks formed under simpler conditions that fall short as the exposures adapt to changing markets, or dependent on reputations - the manager's name, or the adviser's standing. In differentiated credit, the durable edge is how deep a team can reach in selecting and managing the risk.
As service and distribution models evolve, branding is no longer a proxy for robustness. The strongest talent earns that trust by transparently validating design and execution choices directly against the factors that drive the approach.
Delegate the legwork to Frameforma's agents. They map the dependencies: the warning signals, the control and timing asymmetries, the regulatory constraints, and correlate them against how the deal is originated, executed, and distributed. You set the terms they work to: your credit policy, your preferred positions, your covenant floors and risk standards. The agents measure each structure against those limits, surface the gaps before they harden into the book, and render the risk from each stakeholder's vantage so it can be allocated deliberately: against your context, and with a clear view of where counterparties bring their own. After closing, use these agents to monitor compliance, market activity, and counterparty risk for movements that may invite your closer attention.
Change a term, adopt a process, form the authority, collect the consent before the book is built.
The defect is written into every loan made. The market sets the number, if you can access the funding.
The mechanism is tested and the control doesn't hold. The recovery you underwrote isn't there.