Borrower Disclosure Monitor
Track SEC disclosures for your CLO borrowers. Get notified when filings change, credit agreements are updated, or something goes missing—with evidence showing what changed and when.
What you get
This outcome tracks SEC disclosures for your CLO borrowers and notifies you when something changes that could affect your analysis. Every notification includes the underlying evidence so you can verify it later.
Current Disclosure View
See what's on file for each borrower.
For each borrower, we track the latest filings, debt footnotes, and credit agreement exhibits. This view updates automatically as new disclosures come in.
See the state model →Change Notifications
Know when disclosures shift.
When something changes—an amended filing, a restated credit agreement, updated debt footnotes, or a missing expected disclosure—you get a structured notification with timestamps.
View notification types →Evidence Packs
Every notification links back to the source.
Each notification includes an Evidence Pack: the SEC filings, timestamps, before/after comparison, and any known limitations—so you can verify or revisit it anytime.
How it works
Straightforward process, reliable results. We monitor EDGAR for your borrowers, track changes, and notify you—with clear documentation at every step.
Data source
We pull from SEC EDGAR (8-K, 10-Q, 10-K, amendments, and credit agreement exhibits) for the borrowers you specify. Each filing is timestamped when we receive it.Tracking disclosures
For each borrower, we maintain the latest filings, debt footnotes, and credit agreements. When something changes in a way that matters, we update the record and send you a notification.01"Let me know when a borrower's credit agreement is amended or restated."
02"Notify me when debt footnotes change in a way that could affect analysis."
03"Keep track of disclosures for this list of borrowers and tell me when something shifts."
04"Show me what was disclosed for a borrower on a specific date, with the underlying filings."
Clear notifications. Traceable evidence. No guesswork.
Try it with your borrowers
Start a 14-day evaluation with real data in five steps.1
Choose the deliverable
Identify what you want delivered—disclosure drift transitions, credit agreement alerts, or staleness notifications for your borrower universe.2
Set the schedule or trigger
Determine when outcomes should be delivered: immediately on EDGAR publication, on a periodic schedule, or both. Specify freshness and latency requirements.3
Specify coverage
List the borrower CIKs (up to 25 for evaluation), select drift types to monitor, and define any relevant thresholds.4
Pick a delivery channel
Choose email, Slack, or webhook for notifications. Each delivery includes a link to the Evidence Pack and confidence flags.5
Authorize the outcome
Provide your name, email and company, then authorize CMD+RVL to run the outcome during the 14-day evaluation period.Common questions
What do you mean by "disclosure drift"?
Disclosure drift is when the authoritative disclosure state for a borrower changes in a way that could invalidate downstream analysis—amended filings, restated credit agreements, updated debt footnotes, or missing expected filings.What transitions will I receive?
You'll receive deterministic drift transitions such as NEW_MATERIAL_FILING, FILING_AMENDED, CREDIT_AGREEMENT_RESTATED, DEBT_FOOTNOTE_UPDATED, DISCLOSURE_SCOPE_CHANGED, and DISCLOSURE_GAP_DETECTED (exact set depends on your configuration).What's included in the evidence pack?
Each transition includes SEC accession numbers and filing URLs, filing acceptance timestamps, extracted disclosure excerpts, before/after diffs, state hashes and validity windows, and known limitations—so the drift can be reconstructed later.How fast are transitions delivered?
During the evaluation we target best-effort delivery and include latency metadata in every transition. Production plans add explicit SLA commitments for detection and delivery.What happens after the evaluation?
We review coverage, latency, evidence completeness, and delivery reliability with you. If it's a fit, we propose a production monitoring plan with formal SLAs and expanded scope options.Does this replace my EDGAR ingestion pipeline?
No. Outcome 009 is designed as independent verification—a second pair of eyes. It guarantees disclosure drift detection with evidence, so you know when your pipeline might be working with stale data.Why teams use this
Most systems just tell you a filing appeared. This outcome shows you what's currently disclosed for each borrower—and keeps a record you can go back to when questions come up.
01
Works with your systems
Notifications include structured data and stable identifiers, so your tools and workflows can consume them reliably.02
A second pair of eyes
Teams that already pull from EDGAR use this as independent verification—catch changes your pipeline might miss.03
History you can revisit
Every change is logged with evidence. Months later, you can still see what was disclosed, when, and what you were notified about.CLO Managers
Credit Funds
Structured Finance
Risk Management & Compliance
Enterprise Analytics Platforms