Roles in Credit Facilities

Roles in Credit Facilities

Understand the different roles and their responsibilities in credit facility transactions

Overview

Credit facility transactions involve multiple parties with distinct roles andresponsibilities. Understanding these roles helps you navigate the workflow andknow what actions each party can take. Note that in the Credit Facility module,roles have different names compared to other modules.

Role Responsibilities

Borrower (Issuer)

The borrower initiates and manages credit facility requests. They are the party seeking funds through the credit facility.

What Borrowers Do:

      • Create term sheets proposing new credit facilities
      • Sign term sheets via Adobe Sign
      • Submit term sheets to facility agents for review
      • Respond to change requests and resubmit updated term sheets
      • View approved master commitments
      • Map NFT-minted loans to active facilities
      • Create funding requests to draw down funds
      • Approve token transfers for funding notices
      • Track facility utilization and available capacity

Dashboard View:

      • Access Credit Facility section from left expandable menu
      • See term sheets created by them
      • See master commitments under approved term sheets
      • Actions: Submit Term Sheet, Edit Term Sheet (when changes requested), ViewTerm Sheet, Map Loans, Funding Request

Facility Agent (Market Maker)

The facility agent reviews, structures, and manages credit facilities. They act as theintermediary between borrowers and lenders.

What Facility Agents Do:

      • Review term sheets submitted by borrowers
      • Approve, reject, or request changes on term sheets
      • Configure master commitments (add lenders, set up facility rules)
      • Create sub-facilities for multiple-lender arrangements
      • Submit master commitments for lender approval
      • Set up deal modelling after master commitment is active
      • Review funding requests from borrowers
      • Approve, reject, or request changes on funding requests
      • E-sign funding notices for each lender
      • Monitor facility operations and compliance

Dashboard View:

      • Access Credit Facility section from left expandable menu
      • See Set-up tab with term sheets and master commitments awaiting setup
      • See Active Facilities tab with active master commitments
      • Actions: Review Term Sheet, Create Facility, Set Up Deal, Review FundingRequest, E-sign

Lender (Investor)

Lenders provide funding for credit facilities. They review and approve facilities, andtransfer funds for approved drawdowns.

What Lenders Do:

      • Review master commitments (or sub-master commitments) shared with them
      • Approve and e-sign master commitments via Adobe Sign
      • View approved facilities in their Credit Facility section
      • Review funding notices for approved drawdowns
      • Select payment methods and transfer funds
      • Confirm and settle fund transfers
      • Track their participation and commitments

Dashboard View:

      • Access Opportunities section to see pending master commitments for approval
      • Access Credit Facility section to see approved facilities and funding notices
      • Actions: Review & Approve (for master commitments), Review Funding Notice,Confirm and Settle

Servicer

Servicers manage ongoing loan administration for active facilities.

What Servicers Do:

      • Upload monthly loan tapes for facility loans
      • Monitor loan performance
      • Provide servicing reports

Dashboard View:

      • Access Servicer dashboard showing deals
      • View deal details
      • Upload recurring loan data

Role-Based Access

What Each Role Can Do

  Action
  Borrower
  Facility Agent
  Lender
  Servicer
  Create TermSheet
  ✓
  -
  -
  -
  Review TermSheet
  -
  ✓  -
  -
  Configure Master     Commitment
  -
  ✓
  -
  -
  Approve Master   Commitment
  -
  -
  ✓
  -
  Set Up Deal Modelling
  -
  ✓
  -
  -
  Map Loans to Facility
  ✓
  -
  -
  -
  Create Funding Request
  ✓
  -
  -
  -
  Review Funding Request
  -
  ✓
  -
  -
  E-sign Funding Notice
  -
  ✓
  -
  -
  Confirm Fund Transfer
  -
  -
  ✓
  -
  Upload Monthly   LoanTapes
  -
  -
  -
  ✓

Workflow Summary by Role

Borrower Workflow

      1. Create term sheet and enter details
      2. Sign via Adobe Sign
      3. Submit to facility agent
      4. If changes requested, edit and resubmit
      5. After approval, wait for facility agent to configure and lender to approve
      6. After facility is active and deal modelling complete, map loans and createfunding requests
      7. Receive funds after lender confirms transfer

Facility Agent Workflow

      1. Review submitted term sheets
      2. Approve, reject, or request changes
      3. For approved term sheets, configure master commitment (add lenders, rules)
      4. Submit to lenders for approval
      5. After lender approval, set up deal modelling
      6. Review funding requests from borrowers
      7. Approve, reject, or request changes on funding requests
      8. E-sign funding notices for each lender

Lender Workflow

      1. Review master commitments in Opportunities section
      2. Approve and e-sign via Adobe Sign
      3. View approved facilities in Credit Facility section
      4. Review funding notices when available
      5. Transfer funds and confirm settlement


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