Token Generation and E-Sign
Understanding token generation and the e-signature process in credit facilities
Overview
This guide explains the token generation process and how e-signatures are used in the credit facility module. Token generation occurs when funding notices are created, and e-signatures are required at multiple points in the workflow.
Token Generation
When Tokens Are Generated
Tokens are generated at the funding notice stage:
1. Funding Request Approved - FA approves the borrower's funding request
2. Funding Notice Auto-Created - System generates the funding notice with status Pending Token Generated
3. Token Preparation - The system prepares tokens for the drawdown
Token Generation Status
Status | Meaning |
Pending Token Generated | Funding notice created, tokens being prepared |
Token Generated | Tokens ready, awaiting FA approval and e-sign |
E-Signature Workflow
E-signatures are required at several points in the credit facility workflow:
1. Term Sheet E-Sign (Borrower)
Who Signs: Borrower When: After creating the term sheet, before submitting to FA
Process:
1. Borrower creates term sheet
2. Clicks to sign via Adobe Sign
3. Completes e-signature
4. Status changes to BorrowerSigned
5. Can now submit to FA
2. Master Commitment E-Sign (Lender)
Who Signs: Lender When: When approving the master commitment
Process:
1. Lender reviews the master commitment
2. Clicks Review & Approve
3. Adobe Sign popup opens
4. Completes e-signature
5. Master commitment becomes Active
3. Funding Notice E-Sign (Facility Agent)
Who Signs: Facility Agent (for each lender) When: After approving the funding notice
Process:
1. FA approves the funding notice
2. Action shows E-sign (0/n)
3. FA clicks E-sign
4. Adobe Sign popup opens
5. Signs for one lender at a time
6. Count updates: (1/n), (2/n), ... (n/n)
7. Each lender can see the notice once their e-sign is complete
FA - Token Generation and E-Sign
E-Sign Progress Tracking
E-Sign Status | Meaning |
E-sign (0/3) | No lenders signed yet |
E-sign (1/3) | Signed for 1 lender |
E-sign (2/3) | Signed for 2 lenders |
E-sign (3/3) | All lenders signed |
Complete Flow
1. Borrower creates Term Sheet → E-Sign (Adobe Sign) → Submit
2. FA approves → Master Commitment created
3. FA configures → Lender reviews → E-Sign (Adobe Sign) → Active
4. Borrower creates Funding Request → Submit → FA approves
5. Funding Notice generated (Token Generation)
6. FA approves → E-Sign for each lender (Adobe Sign)
7. Lenders see notice → Transfer funds → Confirm and Settle
8. Tokens transferred to Borrower
Key Points
Token Generation - Occurs automatically when funding notices are created from approved funding requests.
Multiple E-Sign Points - E-signatures are required from borrowers, lenders, and facility agents at different stages.
Adobe Sign Integration - All e-signatures are processed through Adobe Sign for legal validity.
Per-Lender E-Sign - Facility agent signs separately for each lender on funding notices.
Audit Trail - All signatures and token generation events are recorded for compliance.
Related Articles
Token Generation and Issuance
Understand how tokens are generated and distributed for funding notices Overview Token generation and issuance is the workflow for creating and distributing tokensthat represent drawdown amounts in funding notices. After a funding request isapproved, ...E-Signature Workflow
Learn how electronic signatures work throughout credit facilities Overview E-signatures are used throughout the credit facility workflow to digitally signimportant documents. Electronic signatures are legally binding and providecomplete traceability ...Borrower Token Approval
How borrowers approve tokens in the credit facility workflow Overview This guide explains the borrower token approval process in the credit facilitymodule. After the facility agent approves the funding notice and tokens aregenerated, the borrower ...Token Approval
Understanding the token approval process in credit facilities Overview This guide explains the token approval process in the credit facility module. After the facility agent approves the funding notice and tokens are generated, the borrower approves ...Token IDs and Timestamps
Understand how tokens are tracked with unique identifiers and timestamps in Intain Markets Overview Tokens created for funding notices have unique contract addresses and timestamps. Each token has a unique contract address, and all token events are ...