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As the credit crisis makes it tougher to find funding, both banks and corporate borrowers are paying closer attention to the covenants, or restrictions, in loan and debt agreements. Now a couple of treasury consultancies have launched an Internet-based solution that helps finance departments ensure they comply with all their loan covenants. The Debt & Covenant Manager sets out the contents of loan agreements in a wiki format, using a set of interlinked Web pages. It is produced by Debt Compliance Services, a joint project of Corporate Finance Solutions and Greenwich Treasury Advisors.

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