Meghani EKI Framework — Note Screener

Aabid Meghani

Independent Structured Note Analysis · Fabereha Capital

Designed and developed a proprietary screening system to independently evaluate FCN structured notes before execution — to ensure every note presented meets objective, non-negotiable criteria before capital is deployed.

Meghani EKI Framework

Proprietary Five-Criterion Screening System · European Knock-In Barrier Analysis · v9

Grounded in

Entry Point

Graham · Margin of Safety

Breach Probability

Kelly · Expected Value

Tail Risk

Taleb · 2008 Stress Test

Quality

Buffett · Business Durability

Concentration

Markowitz · Diversification

Screen a Note

60% Strike · 50% EKI · European Barrier

Stock 1

Stock 2

Coupon %

Tenor (mo)

Strike %

EKI %

All data fetched live · Thresholds are non-negotiable

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Screenshot · CSV export · PDF term sheet — auto-extracted

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Parsing...

Batch Screen Queue

0 notes parsed

Batch Results

#	Pair	Coupon	Tenor	Entry	Breach	Stress	Quality	Conc.	Verdict

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Meghani EKI Framework · Five-Criterion Analysis

Fetching live market data

Entry point · Graham · Margin of safety

Breach probability · Kelly · Expected value

2008 stress test · Taleb · Tail risk

Quality assessment · Buffett · Business durability

Concentration check · Markowitz · Diversification

Fabereha Portfolio

6 Confirmed Notes · USD 2,110,000 Deployed · Nov 12 2025 & Jan 28 2026 · European Barrier

Total Deployed

$2.11M

6 notes active

Weighted Coupon

8.27%

Annual income ~$174k

Barrier Type

European

Maturity assessment only

Portfolio Health

Watch

2 positions flagged

⟳ Fetching live prices...

Screening Criteria — Locked Thresholds

v9 · March 2026

Criterion	✅ Pass	⚠️ Consider	❌ Fail
Entry Point Graham · Margin of Safety	Both stocks ≥25% below 52-week high	Either stock 15–24% below high	Either stock <15% below high
Breach Probability Kelly · Expected Value	Worst-of breach ≤8%	8–10%	>10%
2008 Stress Test Taleb · Tail Risk	Both survive, each >20% above EKI	Either survives within 0–20% of EKI	Either stock breaches EKI
Quality Buffett · Business Durability	All: D/E <100% · P/E <35x · OCF growing · Rev conc <60%	2+ metrics in band: D/E 100-200% · P/E 35-50x · OCF flat · Rev 60-75%	Any single: D/E >200% · P/E >50x · OCF negative · Rev >75%
Concentration Markowitz · Portfolio Correlation	No overlap · pair corr <0.4	Adjacent sector · corr 0.4–0.6	Direct repeat · corr >0.6

Overall Verdict Logic

Verdict	Logic	Action
Pass	All five criteria pass	Execute
Consider	One or two criteria in consider band, none fail	Execute with documented acknowledgment
Fail	Any single criterion fails	Do not execute · Request alternative pair