Status and Approval Philosophy

Status and Approval Philosophy

Understand how statuses and approvals work together to create structured workflows

Overview

Intain Markets uses statuses and approvals to ensure transactions progress throughdefined stages with proper authorization. Statuses control what actions areavailable, while approvals serve as quality gates before progression.

Status-Based Control

Every item in the platform has a status that controls available actions:

Pool Statuses

  Status
  Meaning
 Available Actions
  Created​
  Pool created, not shared
  Edit, Add Loans, Share
  Preview
  Shared for review
  Edit, Respond to Feedback,Start Deal
  Under Review
  Market maker accepted
  View, Provide Feedback
  Deal
  Deal finalized
  View only

Term Sheet Statuses

  Status
  Meaning
  Available Actions
  Draft
  Being created
  Edit, Sign (Create Draft) 
  BorrowerSigned
  Borrower signed
  Submit to FA
  FAReview
  FA reviewing
  Approve/Reject/RequestChanges (FA)
  CHANGES_REQUESTED
  Changes needed
  Edit, Resubmit (Borrower)
  Accepted
  Approved
  View, MC auto-created
  Rejected
  Declined
  View only

Master Commitment Statuses

  Status
  Meaning
  Available Actions
   Draft
  Being configured
  Edit, Add Lenders, CreateFacility
  PendingLenderApproval
  Awaiting lender
  Approve & E-Sign (Lender)
  ACTIVE
  Facility operational
  Set Up Deal, CreateFunding     Requests

Funding Request Statuses

  Status
  Meaning
  Available Actions
  Draft
  Being created
  Edit, Submit
  FAReview
  FA reviewing
  Approve/Reject/RequestChanges   (FA)
  APPROVED
  Approved
  Funding Notice auto-generated
  REJECTED
  Declined
  View only
  CHANGES_REQUESTED
  Changes needed
  Edit, Resubmit

Batch Verification Statuses

  Status
  Meaning
  Available Actions
  Pending
  Not Verified
  Self Certify, Submit toAgent
  Reviewed
  Verification complete
  Mint NFT & View NFT   (inCertificates)
  Verified
  Minting Complete
  View NFT

Approval Gates

Approvals are required at key workflow stages:

Term Sheet Approval (Facility Agent)

      • Reviews: Facility terms, documents, borrower information
      • Options: Approve → MC created, Reject → Final, Request Changes → Borrower edits

Master Commitment Approval (Lender)

      • Reviews: Facility structure, terms, participation
      • Options: Approve & E-Sign → Facility ACTIVE
      • Note: One lender approval activates the facility

Funding Request Approval (Facility Agent)

      • Reviews:  Draw amount, purpose, capacity, documentation

      • Options: Approve → FN generated, Reject → Final, Request Changes →Borrower edits


Pool Mandate (Market Maker)

      • Reviews: Pool details, loans, terms

      • Options: Accept → Deal, Reject → Pool remains in Preview

Key Principles

Status Controls Actions:

      • Buttons enabled/disabled based on status
      • Cannot skip stages
      • Sequential progression enforced

Role-Based Authority:

      • Only certain roles can approve certain items
      • FA approves term sheets and funding requests
      • Lenders approve master commitments
      • Market makers accept pool mandates

Change Requests vs Rejection:

  Aspect
  Change Request
  Rejection
  Item editable?
  Yes
  No
  Can resubmit?
  Yes
  No
  Workflow
  Returns to submitter
  Stops
  Next step
  Make changes, resubmit
  Create new item

Complete Audit Trail: 

      • Every status change recorded

      • Who changed, when, why

      • Approval decisions documented

      • Cannot be modified after recording


Platform Status Examples

Example 1: Term Sheet Flow

      Draft → (Borrower signs) → BorrowerSigned → (Submit) → FAReview → (FA approves) → Accepted

Example 2: Funding Request with Changes

      DRAFT → (Submit) → FAReview → (FA requests changes) → CHANGES_REQUESTED → (Edit, Resubmit) → FAReview → (FA approves) → APPROVED

Example 3: Pool to Deal

      Created → (Share) → Preview → (MM accepts) → Under Review → (Start Deal) → Deal

Understanding statuses and approvals helps you navigate workflows effectivelyand know what actions are available at each stage.






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