Funder Approval
A Funder Approval is the final step in the Instrument Approval Workflow and refers to the authorization granted by a funding entity for a particular transaction or action involving financial instruments.
Navigate to “Finance Approval” section
If you belong to the first layer of approval as the approver “Maker”: click on the Funder Approval (Maker)
If you belong to the second layer of approval as the approver “Checker”: click on the Funder Approval (Checker)
A table view will include all Instruments requiring review and approval on the Deal Manager/Funder side
Review Instruments
Click on the Instrument reference number to open the Instrument Card.
Whether you are fulfilling the role of a Maker or Checker, the review process remains the same.
You will be able to review the most important details relating to the Instrument and download attached supporting documents:
Instrument Detail: reference number, programme, deal, payer, seller, etc
Supporting Documents: review uploaded documents or attach a new one
Lending Summary: funding window and pricing applied, repayment date
Payment Forwarding after Payment Settlement: Net Unfinanced Balance Payment to Seller
Total Fee Split Summary: fees split by type (Interest rate, fixed fee, late payment fee)
Seller Fee Split Summary: portion of fees paid by Seller
Payer Fee Split Summary: portion of fees paid by Payer
Annualised Fees
Additional Charges
Annualised Fee % Split Summary: annualised fee % split between Payer and Seller
FX Details: FX Rate Template and applied rate (will be updated at the moment of funding)
Seller Details: which company is the seller/supplier, business description and industry
Payer Details: which company is the payer/buyer, business description and industry
Programme, Deal and Counterparty Limit Utilisation: shows limit split between Programme, Deal and Counterparty