> ## Documentation Index
> Fetch the complete documentation index at: https://docs.amlok.io/llms.txt
> Use this file to discover all available pages before exploring further.

# Commercial lending benchmarks

> Evaluate commercial facilities, entity groups, covenants and collateral with consistent evidence.

Separate corporate term loans, revolving facilities and commercial real-estate loans. Define whether the assessment concerns one obligor, a consolidated group or a specific secured facility.

## Financial-risk measures

| Measure | Definition and comparison rule |
| - | - |
| Leverage | Debt divided by a defined earnings or asset measure; document netting, adjustments and consolidation scope. |
| Debt-service coverage | Cash or earnings available for debt service divided by contractual debt service, using the facility's agreed definition. |
| Covenant headroom | Distance from an observed, dated measure to the documented contractual threshold. Missing terms are not assumed compliant. |
| Collateral exposure | Exposure, valuation date, asset scope and security position evaluated separately. |
| Facility utilization | Drawn amount divided by a valid committed limit; distinguish cancellation rights and restricted availability. |
| Portfolio performance | Delinquency, impaired exposure and realized loss using matching facility and balance denominators. |

## Public benchmark sources

[OSFI's open financial data](https://www.osfi-bsif.gc.ca/en/data-forms/open-government-osfi-financial-data/working-open-government-data) provide institution-level banking returns. Compare only equivalent reporting definitions and institutional populations. Aggregate financial returns are not individual commercial-loan outcomes.

The [financing corpus](https://docs.amlok.io/research/deal-corpus.md) identifies public deal evidence and its event semantics. Announced facilities, registrations, commitments and disbursements must retain their separate meanings. A registered security interest does not establish utilization, lien priority or successful repayment.

## AMLOK evaluation

Measure entity resolution, consolidation accuracy, facility-term extraction and covenant calculation against adjudicated evidence. Test extraction of exceptions and amended terms, not only headline amounts. Keep the same corporate group outside both training and evaluation partitions.

For Signal, assess detection of supported covenant, liquidity and concentration changes using information available at the alert date. Separate a breached covenant from an approaching threshold and from missing documentation. Institution staff determine intervention in their own systems.

Use the [entity-graph methods](https://docs.amlok.io/research/entity-graph.md), [financial analysis protocol](https://docs.amlok.io/research/financial-analysis.md) and [common evaluation design](https://docs.amlok.io/research/industries/index.md#amlok-evaluation-design).


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