-: Nishod Jubean,
principal at Capital One's restructuring, turnaround,
and special situations group.
If I had to say what my role is,
I would break it down into three different parts.
So as I mentioned that I am within the restructuring group
and it is a special situation,
also known as a special assets group.
The team will not get involved unless there's a crisis
or some kind of potential loss
to the bank's commercial portfolio.
And, so, i.e. crisis manager at its finest.
So when we do get involved
it will be work in three different parts.
So one.
So say a company is going into a distress situation
and have not met their, have not met their markers,
the special assets team will come in to see
what is the best way to make sure
that this distress situation of this portfolio company
doesn't hit our balance, or our loss.
And what makes the most sense.
What kind of,
the kind of financial analysis that we have to do.
Should we exit the deal?
Should we restructure the debt?
And just to make sure that it doesn't hit our bottom line.
The other one third would be,
say our portfolio company has gotten into
a very bad distress situation.
For an example of bankruptcy
or would have you where we probably
won't be able to recover our entire debt that we have.
And we will probably hold a secured lender position
on that company.
And that would be seeing how do we mitigate this loss,
or minimize it and run them,
run the recovery analysis
just to make sure we can maximize it.
And then the other third would be
more so on the review standpoint.
Where we review the portfolio
or entire commercial landing portfolio
to see any industry markers and company markers
where if a company probably is in distress,
but might come under our belt.
So making sure we are mitigating that risk as well.
So for Capital One's, like a lendee for us,
have they met all their ebitda.
What's their operational performances looking like?
Have they been making proper loans?
But on the other side for an operational company,
they will look at if their liquidity position,
their cash position is doing so well.
So mostly on the financial side
and see whether they're checking off
the financial metrics that they themselves put in place.