Nicholas Lin
b891783b23
Financial services plugins for Claude Code covering: - Equity Research - Financial Analysis (comps, DCF, LBO, 3-statements, check-deck, check-model) - Investment Banking (strip profiles, CIM, pitch decks, merger models) - Private Equity (deal screening, IC memos, portfolio monitoring) - Wealth Management
9.4 KiB
9.4 KiB
Quality Control Checklist for Initiation Reports
Before delivering an initiation report, verify all items below are complete.
Critical Minimums - Reports Must Meet These
CRITICAL DO NOT DELIVER IF:
- ❌ DOCX report fewer than 30 pages → INCOMPLETE
- ❌ Fewer than 25 embedded charts → INCOMPLETE
- ❌ Fewer than 12 comprehensive tables → INCOMPLETE
- ❌ Fewer than 10,000 words → INCOMPLETE
- ❌ No XLS financial model → MISSING DELIVERABLE
- ❌ Charts are text descriptions, not actual PNG/JPG files → MAJOR FAILURE
Deliverables Checklist
- DOCX report file created
- XLS financial model file created
- Both files named properly:
[Company]_Initiation_Report_[Date].docxand[Company]_Financial_Model_[Date].xlsx
DOCX Report - Length & Content
Length Verification:
- Report is 30-50 pages (count pages in final document)
- Word count is 10,000-15,000 words
- If under 30 pages: STOP and add more content
Visual Elements:
- 25-35 charts embedded (count them: _____ charts)
- All charts are actual PNG/JPG image files (NOT text descriptions)
- 12-20 comprehensive tables included (count them: _____ tables)
- Charts and tables interspersed throughout, not grouped at end
Chart Requirements:
- Revenue by product chart: Stacked Area format ✓
- Revenue by geography chart: Stacked Bar format ✓
- DCF sensitivity: 2-way Heat Map with color coding ✓
- Valuation football field: Horizontal bar chart ✓
- All other charts are actual image files ✓
Table Requirements:
- Full Income Statement (40-50 rows) with 5 years historical + 5 years projected
- Full Cash Flow Statement (30-40 rows)
- Full Balance Sheet (35-45 rows)
- Revenue by product table (20-30 rows)
- Revenue by geography table (15-20 rows)
- Revenue by channel table (10-15 rows)
- Comparable companies table with statistical summary (max/75th/median/25th/min)
- DCF calculation table (30-40 rows)
- WACC calculation table (8-10 rows)
- Two sensitivity tables
- 2-3 additional financial/competitive tables
DOCX Report - Structure
Page 1 Requirements:
- "INITIATING COVERAGE" header present (NOT "Company Update")
- Thesis-focused title (NOT event-driven like "Strong Q4 Results")
- Rating box with rating, price, target price, 52-week range, market cap, EV
- 3-4 paragraph-length bullets with ■ character and bold headers
- Financial & valuation metrics table with 2-3 years historical, 2 years projected
- Table shows "A" suffix for actuals, "E" suffix for estimates
- Source lines on all visuals
Content Sections:
- Table of Contents (Page 2)
- Investment Thesis & Risks (3-5 pages)
- Company Overview (6-12 pages) including:
- Company description
- History and milestones
- Management bios (300-400 words EACH for 3-4 executives)
- Products/services detail
- Competitive landscape
- Financial Analysis & Projections (10-15 pages)
- Valuation Analysis (8-12 pages)
- Assumptions section (2,000-3,000 words documenting ALL projection assumptions)
- Scenario Analysis (1,500-2,000 words with Bull/Base/Bear parameters)
- Appendices including Data Sources & References page
DOCX Report - Formatting
Figure & Table Formatting:
- Every figure has caption above: "Figure X - [Company] [Descriptive Title]"
- Every figure has source line below: "Source: [Specific sources with dates]"
- Sequential figure numbering (Figure 1, 2, 3... no gaps)
- Every table has header row with shading
- Every table has source line at bottom
- All years use "A" for actual, "E" for estimate notation
Professional Formatting:
- Consistent fonts throughout (Calibri, Arial, or similar)
- Headers and footers with page numbers
- Dense layout: 60-80% page coverage, minimal white space
- Every page has both text AND visuals (charts or tables)
- Professional business report template used
Citations & Sources ⭐⭐⭐ CRITICAL
Source Attribution:
- Every figure has specific source with document name and date
- Every table has specific source with document reference
- Key statistics throughout text have footnotes with sources
- NOT just generic "Company data" - must be specific
Hyperlinks: ⭐⭐⭐ MANDATORY
- ALL URLs are CLICKABLE HYPERLINKS (not plain text)
- SEC filings hyperlinked to EDGAR viewer
- Earnings transcripts hyperlinked (Seeking Alpha or company IR)
- Press releases hyperlinked to company IR page
- Presentations hyperlinked to PDF URLs
- Industry reports hyperlinked (if publicly available)
- Subscription data (Bloomberg, FactSet) noted as "(subscription required)"
- No raw URLs displayed anywhere - all formatted as hyperlinks
- Test 3-5 sample hyperlinks to ensure they work (Ctrl+Click)
Reference Page:
- "Data Sources & References" page at end of report
- Lists ALL sources used in report
- Sources organized by category (SEC Filings, Earnings Transcripts, etc.)
- Every source has date
- Every source has clickable hyperlink (where applicable)
XLS Financial Model - Structure
File Structure:
- 15+ tabs in Excel workbook
- Tabs include: Executive Summary, Assumptions, Historical Financials, Revenue Model, Operating Expenses, Income Statement, Balance Sheet, Cash Flow, Supporting Schedules, DCF Valuation, Comps Analysis, Precedent Transactions, Scenarios, Sensitivity Analysis, Charts
Formatting:
- Blue text for hardcoded inputs
- Black text for formulas
- Green text for links to other sheets
- Professional formatting with borders and shading
- Clear section headers and labels
Model Functionality:
- All numbers flow (change assumption → entire model updates)
- DCF links to assumptions and projections
- No circular references or errors
- All important cells/ranges are named
- Sensitivity tables work dynamically
XLS Financial Model - Content
Projections:
- 3-5 years historical data
- 5 years forward projections (FY+1 through FY+5)
- Revenue broken down by product, geography, channel
- Full P&L with 40-50 line items
- Full cash flow with 30-40 line items
- Full balance sheet with 35-45 line items
Valuation:
- Complete DCF model with all calculations shown
- WACC calculation with all components
- Terminal value calculation
- Comparable companies analysis (5-10 companies)
- Precedent transactions analysis (5-10 deals)
- Scenario analysis (Bull/Base/Bear)
- Two sensitivity tables
Cross-File Consistency
CRITICAL: Numbers must match EXACTLY between DOCX and XLS
- Revenue numbers match across both files
- EPS numbers match across both files
- Margin percentages match across both files
- Valuation numbers match across both files
- Price target matches across both files
- All projected years match across both files
Verification Method: Spot check 10-15 key numbers between DOCX report and XLS model.
Content Quality
Investment Thesis:
- 3-5 clear thesis pillars
- Each pillar supported with specific data and quantification
- Financial impact quantified for each pillar
- Catalysts identified with timelines
Analysis Depth:
- Comprehensive business model analysis
- Detailed competitive assessment
- 3-5 year financial trends analyzed
- 8-12 risks identified and quantified
- Management team analyzed (300-400 words per executive)
Assumptions:
- 2,000-3,000 words documenting ALL assumptions
- Revenue growth assumptions by category/geography
- Margin assumptions with bridge showing drivers
- Working capital assumptions
- CapEx assumptions
- Each assumption has specific quantification
Scenarios:
- 1,500-2,000 words on scenario analysis
- Bull case with specific parameters and catalysts
- Base case with detailed rationale
- Bear case with specific triggers
- Probability assessments for each scenario
Writing Quality
Style:
- Lead with numbers ("Revenue grew 15% to $1.2B" not "Strong revenue")
- Use "vs." not "versus"
- Be direct and concise
- Professional institutional tone throughout
- No informal language
Accuracy:
- No typos in ticker symbol
- No typos in company name
- All dates accurate
- All calculations verified
- Charts match text descriptions
- All numbers properly formatted ($ signs, % signs, commas)
Pre-Delivery Final Check
Run through this quick final review:
- Deliverables: Both DOCX and XLS files created ✓
- Length: DOCX is 30-50 pages ✓
- Charts: 25-35 actual PNG/JPG files embedded ✓
- Tables: 12-20 comprehensive tables included ✓
- Words: 10,000-15,000 words ✓
- Hyperlinks: Test 3-5 hyperlinks - all work ✓
- Cross-check: Spot check 10 numbers match between DOCX and XLS ✓
- Page 1: "INITIATING COVERAGE" header present ✓
If ANY item fails, DO NOT DELIVER. Go back and fix.
Actual Count Verification
Before delivery, fill in actual counts:
DOCX Report:
- Page count: _____ pages (MUST BE 30-50)
- Chart count: _____ charts (MUST BE 25-35)
- Table count: _____ tables (MUST BE 12-20)
- Word count: _____ words (MUST BE 10,000-15,000)
XLS Model:
- Tab count: _____ tabs (SHOULD BE 15+)
- Model years: _____ historical + _____ projected
If any count is below minimum, STOP and add content before delivery.