Master Commitment Statuses
Understand the different statuses master commitments go through
Overview
Master commitments progress through three main statuses from creation toactivation. Understanding these statuses helps you know what actions are availableand what needs to happen next.
Lifecycle Overview
Term Sheet Approved → Auto-Create → Draft → FA Configures → PendingLenderApproval → Any Lender Approves → Active
Status Meanings
Draft
Meaning : The master commitment has been automatically created from anapproved term sheet, and the facility agent is configuring it.
When This Occurs :
• Immediately after a term sheet is approved
• Automatically created by the system
What Facility Agents Can Do :
• Open the Create Facility popup
• Configure all sections (Basic, Parties & Accounts, etc.)
• Add lenders and set commitment amounts
• Create sub-facilities (if multiple branch)
• Edit all fields
• Data auto-saves as they enter
What Happens Next :
• Click Create Facility to submit for lender approval
• Status changes to PendingLenderApproval
Dashboard View :
• Appears under the approved term sheet as a dropdown
• Action: Create Facility
PendingLenderApproval
Meaning : The facility agent has completed configuration and submitted the mastercommitment for lender approval.
When This Occurs :
• After facility agent clicks Create Facility
• The facility is now shared with selected lenders
What Lenders Can Do :
• See the facility in their Opportunities section
• Click Review & Approve to review facility details
• Review all configuration and terms
• Click Approve & E-Sign to approve
What Facility Agents Can Do :
• View the facility (no editing)
• Wait for lender approval
What Happens Next :
• Any lender approves → Status changes to Active
• If rejected, status may need to be reconfigured
Dashboard View (Lenders) :
• Appears in Opportunities section
• Action: Review & Approve
Active
Meaning : At least one lender has approved the master commitment, and the facilityis operational.
When This Occurs :
• After any one lender completes Approve & E-Sign
What Facility Agents Can Do :
• Complete deal modelling (Set Up Deal)
• Review funding requests when submitted
• Process funding notices
What Borrowers Can Do :
• Map NFT-minted loans to the facility (after deal modelling)
• Create funding requests (after deal modelling)
What Lenders Can Do :
• View the facility in their Credit Facility section
• Review funding notices when available
• Confirm fund transfers
Dashboard View (FA):
• Appears in Active Facilities tab
• Action: Set Up Deal (then Review Funding Request after funding requests are submitted)
Dashboard View (Lenders) :
• Appears in Credit Facility section
• Action: View Facility , Review Funding Notice (when available)
Additional Status: Facility Setup Status
After a master commitment becomes Active, there's an additional status that tracksdeal modelling:
Facility Setup Status: In Progress
Meaning : The master commitment is active, but deal modelling is not yet complete.
What This Means :
• Facility agent needs to complete deal modelling
• Borrower cannot yet create funding requests
Facility Setup Status: Completed
Meaning : Deal modelling is complete.
What This Means :
• Borrower can now map loans and create funding requests
• Funding workflow can proceed
Status Summary
Status | Who Acts | Available Actions |
Draft | Facility Agent | Configure facility, addlenders, Create Facility |
PendingLenderApproval | Lender | Review & Approve, E-Sign |
Active | FA, Borrower, Lender | Deal modelling, fundingrequests, fund transfers |
Facility Setup Status | Meaning | Borrower Can RaiseFunding Request |
In Progress | Deal modelling not complete | No |
Completed | Deal modelling complete | Yes |
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