Funding Notice Review

Learn how lenders review funding notices and complete fund transfers

Overview

Funding notices document approved drawdowns from credit facilities. After a funding request is approved, the facility agent processes the funding notice (approves and e-signs for each lender). Each lender can see the funding notice in their Credit Facility section once the facility agent has e-signed for them, allowing them to review it, transfer funds, and confirm settlement.

Who Can Use This

      • Lenders: Review funding notices and complete fund transfers

When This Is Used

Use funding notice review when:

      • A funding notice appears in your Credit Facility section

      • You need to review drawdown details before transferring funds

      • You want to complete the fund transfer and settlement process

Prerequisites

Before you see a funding notice:

      1. Funding Request Approved: The facility agent has approved the borrower's funding request

      2. Funding Notice Generated: The system has automatically generated the funding notice

      3. FA E-Signed for You: The facility agent has e-signed the funding notice for you as a lender

Once these steps are complete for your participation, the funding notice becomes visible to you.

Step-by-Step Process

Step 1: Access the Funding Notice

1. Navigate to Credit Facility

      • Log in to the platform with your Lender credentials

      • From the left expandable menu, click on Credit Facility

      • Locate the funding notice in your dashboard

2. Click Review Funding Notice

      • In the Actions column, click Review Funding Notice

      • A screen opens showing the funding notice details

Funding Notice Details - FA

Step 2: Review Funding Notice Details

1. Review Drawdown Information

      • Check the draw amount for this funding request

      • Verify the funding date

      • Review the purpose of funds

      • Check your allocated portion of the drawdown

2. Verify Your Commitment

      • Confirm your participation amount

      • Review any fee calculations

3. Check Documentation

      • Review any attached documents

      • Verify collateral information

Step 3: Transfer Funds

1. Select Payment Method

      • Choose your preferred payment method from the available options

      • Ensure you have the necessary account information

2. Complete the Transfer

      • Transfer the funds according to the specified amount and instructions

      • Use the designated accounts and references

Step 4: Confirm and Settle

1. Click Confirm and Settle

      • After completing the fund transfer, click Confirm and Settle

      • This confirms that you have transferred the funds

Confirm and Settle - Lender

2. Settlement Complete

      • Tokens are transferred

      • The amount goes to the borrower

      • Your participation in this drawdown is recorded

      • The funding process is complete for your portion

What Lenders See

In Credit Facility Section

      • Approved facilities where you're a participant

      • Funding notices for approved drawdowns (visible once FA e-signs for you)

      • Actions: Review Funding Notice, Confirm and Settle

Funding Notice Details

      • Drawdown amount and date

      • Your allocated portion

      • Payment instructions

      • Settlement status

Rules & Validations

      • Visibility After E-Sign: You see funding notices once the facility agent has completed e-signing for you specifically.

      • Your Allocation Only: You see only your portion of the drawdown, not other lenders' allocations.

      • Confirm After Transfer: Only click Confirm and Settle after you have actually transferred the funds.

      • Individual Tracking: Your confirmation is tracked individually. Other lenders confirm their own transfers separately.

What Happens Next

After Confirming Settlement:

      • Tokens are transferred to the borrower

      • The borrower receives the funds

      • Your participation is recorded

      • The drawdown is complete for your portion

Ongoing Facility Management:

      • The borrower may create additional funding requests

      • You receive new funding notices as drawdowns are approved and e-signed

      • The process repeats for each drawdown

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