Cornice CreditTesting and validation for credit documents to reduce risk and secure foundational data
$1T+
bank loans processed
$50B+
error exposed loans found
How it works
Load
Upload credit documents (individually or in bulk) — Traverse handles Credit Agreements (both new and amended & restated) and Amendments
Process
Traverse parses credit documents into their unique components and checks each individually
Validate
Traverse validates the credit document as a whole to ensure your data and AI systems operate on high-quality inputs Traverse generates a report for each document to make this process auditable
Case studies
Builder Basket Missing Carve-Outs
Impossible to calculate Restricted Payment and Investment limits
$1.5B Revolver
Semiconductor Manufacturer
Unresolvable Event of Default
Defined term points to nonexistent section
$300M Revolver
Infrastructure Asset Manager
Unnumbered Prepayment Costs
Compensation for Losses section carries no number
$550M Revolver & Term Loan
Healthcare Property Owner
30+ industries covered
Industrials
- Chemicals
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Consumer
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TMT
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Financials
- Insurance
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Healthcare
- Medical Supplies
- Pharmaceuticals
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Real Estate
- Construction
- Hospitality
- Operators
- Services
Transportation
- Air Transport
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- Trucking
- Water Transport
Utilities
- Distribution
- Sanitation
Energy
- E&P
- Midstream
- Oilfield Services
- Refining
Metals & Mining
- Coal
- Metal Mining
- Precious Metals
Agriculture
- Crops
- Services