Controls and Accountability

Controls and Accountability

Understand the controls and accountability measures in Intain Markets

Overview

Intain Markets implements controls and accountability measures throughout the platform. These controls operate automatically and are built into the platform's architecture.

Access Controls

Role-Based Permissions - Your role determines what you can see and do:

      • Issuers/Borrowers can create pools and term sheets, cannot approve their own submissions
      • Facility Agents can approve term sheets and funding requests, cannot create term sheets
      • Lenders can approve master commitments and funding notices, cannot create facilities
      • Market Makers can accept pool mandates, cannot create pools

Status-Based Access - Status controls what actions are available:

      • Pools in Created status allow editing, Deal status restricts editing
      • Term sheets in Draft allow editing, FAReview restricts editing
      • Master commitments in Draft allow editing, ACTIVE restricts structure changes
      • Funding requests in DRAFT allow editing, APPROVED restricts changes

Sharing Controls - Pool sharing is controlled:

      • Issuers control who can see pools through sharing settings
      • Sharing permissions control feedback and download access
      • Recipients only see pools shared with them

Workflow Controls

Status-Based Progression - Items must progress through statuses in order:

      • Pools: Created → Preview → Mandate Pending → Deal
      • Term Sheets: Draft → BorrowerSigned → FAReview → Accepted
      • Master Commitments: Draft → PendingLenderApproval → ACTIVE
      • Funding Requests: DRAFT → FAReview → APPROVED
      • Status progression cannot be skipped

Approval Gates - Approvals are required before progression:

      • Term sheets require facility agent approval before master commitment creation
      • Master commitments require lender approval before becoming ACTIVE
      • Funding requests require facility agent approval before funding notice generation
      • Funding notices require FA e-sign for each lender before that lender can see

Prerequisite Validation - Actions require prerequisites:

      • Term sheets must be signed before submission
      • Master commitments must be ACTIVE and deal modelling complete before funding request creation
      • Funding requests must be approved before funding notice generation
      • FA must e-sign for each lender individually before they can see funding notices

Data Controls

Field Validation - Required fields are validated:

      • Term sheet fields (requestedCommitmentAmount, advanceRate, etc.)
      • Pool fields (poolName, assetClass, etc.)
      • Funding request fields (drawAmount, purposeOfFunds, etc.)
      • Invalid data is rejected with error messages

Document Requirements - Required documents are enforced:

      • Term sheets require collateral profile, financial statements, KYC documents
      • Funding requests require collateral addendum, financial statements, KYC documents
      • Documents stored in IPFS with hash verification
      • Missing documents prevent submission

Business Rules - Business rules enforced automatically:

      • Pool metrics calculate automatically from mapped loans
      • Borrowing capacity validates against facility limits
      • Token allocations match lender voting percentages
      • Status transitions follow defined workflows

Audit Controls

Action Tracking - All actions tracked:

      • Status changes record who changed, when, previous status, new status
      • Approvals record approver, timestamp, comments
      • Rejections record rejector, timestamp, reason
      • Edits record editor, timestamp, what changed

Status History - Complete status progression tracked:

      • Every status change recorded with attribution
      • Status history shows complete progression
      • Previous and new statuses recorded
      • Comments and reasons preserved

Action History - All actions logged:

      • Creation, editing, submission, approval, rejection actions
      • Document uploads and updates
      • Sharing and permission changes
      • Complete action log with timestamps

Document History - Document activities tracked:

      • Uploads record who uploaded, when, IPFS hash
      • Updates preserve previous versions
      • Document history arrays maintain records
      • IPFS hashes enable document verification

Relationship Tracking - Related items tracked:

      • Term sheet approval creates master commitment (relationship tracked)
      • Funding request approval creates funding notice (relationship tracked)
      • Pool to loan mappings tracked

Key Principles

Automatic Enforcement - Controls enforced automatically. Platform ensures proper operation.

Role-Based Access - Access controlled by roles and permissions. You can only see and do what's appropriate for your role.

Status-Based Control - Status controls what actions are available. Status progression ensures proper workflow order.

Accountability - All actions tracked and attributed. You can see who did what and when.

Permanent Records - Audit trails are permanent and cannot be modified.

Validation Before Acceptance - Data validated before acceptance. Invalid or incomplete data rejected with clear messages.

Prerequisite Enforcement - Prerequisites must be met before actions are enabled. Steps cannot be skipped.

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