Christian Hänig

Christian Hänig, Markus Schlösser, Serhii Hamotskyi et al.

As part of its digitization initiative, the German Central Bank (Deutsche Bundesbank) wants to examine the extent to which natural Language Processing (NLP) can be used to make independent decisions upon the eligibility criteria of securities prospectuses. Every month, the Directorate General Markets at the German Central Bank receives hundreds of scanned prospectuses in PDF format, which must be manually processed to decide upon their eligibility. We found that this tedious and time-consuming process can be (semi-)automated by employing modern NLP model architectures, which learn the linguistic feature representation in text to identify the present eligible and ineligible criteria. The proposed Decision Support System provides decisions of document-level eligibility criteria accompanied by human-understandable explanations of the decisions. The aim of this project is to model the described use case and to evaluate the extent to which current research results from the field of NLP can be applied to this problem. After creating a heterogeneous domain-specific dataset containing annotations of eligible and non-eligible mentions of relevant criteria, we were able to successfully build, train and deploy a semi-automatic decider model. This model is based on transformer-based language models and decision trees, which integrate the established rule-based parts of the decision processes. Results suggest that it is possible to efficiently model the problem and automate decision making to more than 90% for many of the considered eligibility criteria.

Serhii Hamotskyi, Akash Kumar Gautam, Christian Hänig

Verifying the eligibility of securities as collateral is a key responsibility of the German Central Bank. However, manually verifying these assets against legal and financial criteria within lengthy, semi-structured, and often bilingual prospectuses is a resource-intensive task. While previous efforts utilized traditional Named Entity Recognition (NER) for information extraction, these methods can struggle with OCR noise, linguistic variance, and rigid span-based constraints, and the need for manually annotated training data for each relevant annotation type. In this paper, we present the first case study applying Large Language Models (LLMs) to the eligibility examination process, shifting the paradigm toward a generative Information Extraction pipeline. Our approach decomposes the task into extraction, normalization, and interpretation, allowing for greater flexibility in handling noisy text and interleaved German-English content. We further introduce a value-based evaluation methodology using LLM-as-a-judge, which offers a more semantic assessment than location-based metrics. Our results demonstrate that LLM-based systems achieve high precision (up to 91%) in document-level eligibility, exhibiting a conservative operating profile that minimizes false acceptance.

Akash Kumar Gautam, Serhii Hamotskyi, Christian Hänig

This paper describes team HSA_CORAL's submission to the FinCausal 2026 shared task on extracting cause-effect relations from financial narratives via extractive question answering in English and Spanish. We compare three modeling families: (i) encoder-only token tagging with multilingual BERT, (ii) encoder-decoder generation with multilingual BART, and (iii) decoder-only LLMs (Llama 3.1 and GPT variants) using prompt refinement, few-shot demonstrations, and supervised fine-tuning. Across settings, prompting and few-shot examples yield competitive performance, while supervised fine-tuning provides the largest gains. Our best system, GPT-4.1 Mini fine-tuned on combined English and Spanish training data, achieves a tied highest score on the English subtask (score 4.8140) and ranks third on Spanish (score 4.7753) under the shared task's LLM-as-a-judge metric. Overall, the results highlight the value of task-specific adaptation and multilingual fine-tuning for cross-lingual transfer in financial causality QA.