A Digital Credit Instrument (DCI) is a software- and data-driven representation of a term loan or other type of credit facility. A DCI may be a smart contract (such as those written in Solidity for the Ethereum ecosystem), or a more traditional enterprise application with similar features. NEL-based DCIs offer computable and composable modules for private credit constructs such as Events of Default, Leverage Ratio logic, and Notification protocols. They can operate as either API-driven services or as an integral part of smart contracts and on chain transactions.

An NDM is a data flow connector for two different applications and/or data repositories inthe credit ecosystem. They are NEL protocol bidirectional translators, transforming private credit data as necessary in realtime between two different schemas to achieve a variety of goals. In the diagrams on this site, they are used to show data flows into and out of DCIs and the implied N21 Data Lake. The should be read as also containing embedded roles, identity, rights, and permissions infrastructure to ensure that data is filtered appropriately.

Modules of certain N21 interfaces available for embedding into other web applications.These include spreadsheet-like transaction grids, data views with navigation tools, and proprietary interfaces for analyzing source language across both individual credit instruments and portfolios.

Formulas of encoded business logic of the rights, requirements and obligations from a credit instrument. Interconnected formula modules interact (via API or smart contracts)with internal and/or external systems to enable the programmatic processing of private credit transaction lifecycle events. Examples include the programmatic delivery and acceptance of notices, certifications or calculations. Structurally, they are themselves uniquely identified tokens.

The complexity of contractual finance language and its structural resistance to machine learning and LLM understanding has been one of the primary obstacles to digital transformation. N21 Metapatterns distill and encode senior-level human language and document expertise, enabling the accurate classification of language-based financial constructs and mapping of inter- and intra- document relationships of risks, rights and obligations.

A graph (network) based representation of domain expertise, in the form of semantically meaningful nodes and relationships. The Foundation Credit NKM powers multiple parts of our platform and is utilized as the primary schema for NEL protocol communication