Street Diligence provides an enhanced ranking system that offers end users the ability to measure the strength of their documents against other documents, their portfolio, and our Credit Consortium database. It can be used to provide a clear indicator of whether the document's terms are more favorable to a certain party in the transaction. You can find this analysis on the Term Summary tab in the document analysis page.
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The scores range from the numbers 0 to 10. The higher the score is, the more favorable that document is to Party A. However, if the score shows a lower number it would be more favorable to Party B. An example of this would be when referring to a Credit Agreement, Party A is the Lender and Party B is the Borrower.

The agreement scores are calculated by averaging the pool of concepts that we have measured holistically.

Each agreement will have three scores:

Let’s use an example where our agreement received the following scores:

The agreement score is the weighted average of all concept scores, which is the numerical value attached to each particular term or tag captured in the document.

The way that we determine our concept scores is by creating an internal reference portfolio. This contains ideal agreements that are generated by our experts here at Street Diligence. When we receive a new agreement from a client, each concept value is compared to this reference portfolio in order to populate what we then call our concept score.

The agreement company score is a great way for end users to gain insight into how a specific document (or instrument) compares to everything in their portfolio. This number is calculated by taking the average Agreement Score of each related document uploaded by Street Diligence users within the company. If you looking at a US Credit Agreement, this number will only show you the average of all other US Credit Agreements uploaded by your company.

For public documents, you will see a N/A for this field as this is only relevant for company-submitted documents.

The last score you will see under the term summary is the agreement consortium score. This number will only appear if your company is subscribed to our consortium. The consortium is a pool of aggregated, anonymized private loan data. This is a great way to gauge where the deal sits within the competitive landscape compared to similar deals submitted to Street Diligence. Similar to the agreement company score, the agreement consortium score will only show the average score of documents within the Credit Consortium similar to the document in view.

Street Diligence will showcase the best and worst lender terms within your agreement within the ‘Ranked Terms’ section of the Term Summary tab. Based on how the terms were scored, these will be populated here.

The best lender terms will show any term where the prevalence is greater than 75% and the concept scored higher than a 6.0.

The worst lender terms will show any term where the prevalence is greater than 75% and the concept scored less than 4.0.

Using the filters within the Term Analysis tab, you can not only get a view of how the concepts are distributed across the agreement (i.e., more borrower vs. lender-friendly), you can filter your concepts by how they scored. Type in your desired range on a scale of 0-10 to view the terms relative to the scores you would like to see within your agreement. You can also filter by the prevalence, borrower favorability, neutral favorability, and/or lender favorability.