Funding Notices Overview
Learn what funding notices are and how they work in credit facilities
Overview
Funding notices are official documents generated when funding requests areapproved. They document each drawdown from a credit facility, including theamount, allocation to lenders, and coordination of fund transfer. The funding noticeworkflow ensures proper e-signing by the facility agent and fund transfer bylenders.
What Funding Notices Are
A funding notice is the formal documentation of an approved drawdown from acredit facility. When a borrower's funding request is approved by the facility agent,the system automatically generates a funding notice. This notice tracks the e-signature process and fund transfer from lenders.
Funding notices contain:
• Drawdown amount and date
• Allocation to each lender
• E-signature status for each lender
• Fund transfer confirmation status
Purpose and Use Cases
For Documenting Drawdowns - Funding notices create a formal record of eachdrawdown from the facility, documenting amounts, dates, and participating lenders.
For Coordinating Fund Transfer - The funding notice workflow coordinates thesteps required to transfer funds from lenders to the borrower.
For E-Signature Tracking - Funding notices track the facility agent's e-signaturefor each lender individually.
For Tracking Lender Participation - Each lender's portion and fund transferconfirmation status are tracked individually.
How Funding Notices Work
1. Auto-Generation
When a funding request is approved by the facility agent, the system automaticallygenerates a funding notice with status
Pending Token Generated.
2. Facility Agent Approval
The facility agent clicks Approve on the funding notice.
3. Facility Agent E-Sign for Each Lender
In the facility agent's Credit Facility section (Active Facilities tab), the funding noticeshows E-sign (0/n) where n is the number of lenders.
The facility agent clicks E-sign and signs the document for each lender individuallyusing Adobe Sign. Each time the facility agent signs, the count updates (1/n, 2/n,etc.).
Funding Notice Details - FA
4. Lender Visibility
As the facility agent completes each lender's e-sign, that lender can see thefunding notice in their Credit Facility section.
5. Lender Fund Transfer
Lenders go to their Credit Facility section and see Review Funding Notice . Theyreview the notice, select a payment method, transfer funds, and click Confirm and Settle.
Confirm and Settle - Lender
6. Process Completion
After
lenders confirm settlement, tokens are transferred and the borrower receives the
funds. Each lender's confirmation is tracked individually.
Individual Lender Tracking
Each lender in the funding notice has individual tracking:
Field | Description |
E-signature Status | Whether FA has signed for this lender |
Fund Transfer Status | Whether lender has confirmed transfer |
Important Points to Know
Auto-Generated - Funding notices are automatically created when fundingrequests are approved. You cannot create them manually.
FA Signs Per Lender - The facility agent must e-sign for each lender individually.The E-sign (0/n) counter shows progress.
Lender Visibility After E-Sign - Each lender sees the funding notice once thefacility agent has completed the e-sign for that specific lender.
Individual Tracking - Each lender's participation is tracked separately. Lendersconfirm their own fund transfers independently.
Confirm and Settle - After transferring funds, lenders click Confirm and Settle tocomplete the process.
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