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DigitanWorks Support

Deposit Funds on Investments (Admins)

Table of Contents

The “Deposit” functionality is exclusively available to admin users. Before an investment can go live, all required documentation must be submitted, including AMLs, signed subscription agreements, necessary validations, and confirmation that funds have been fully received.

Once all documents are in place, the investment will go live one business day after everything is received. Additionally, Fee Note agreements must be submitted to the system administrator to determine the applicable Fee Note percentile range for that investment.

List of Requirements for a Live investment:

  1. Fee Note Agreements of the Agents
  2. Signed & Validated Subscription Agreements
  3. Fully Certified AML documents set
  4. POT (Proof of Transfer) – Monies fully received

How to Deposit Funds on an Investment #

  1. Login to your system administrator account
  2. Navigate to “Investments” menu
  3. Select the investment you want to deposit funds
  4. Click “Deposit” at the top right corner
  5. Enter the details of the deposit
    • “Deposit Amount” is where you enter the amount indicated on the POT (the amount that was transferred”
    • “Amount Received” is the true & accurate amount that was received in the bank account (as there may have been some baking fees deducted during the transaction process)
    • “Funds Received Date” is the true and accurate date that the funds were received in the bank account
    • “Assigned Bank Account” is where you need to select the currency & bank account where the funds were received. Note: the account must match the currency of the Investment
    • “Transaction Reference” is the reference ID associated with the transaction. This can usually be found on the receipt of funds from the bank account.

The Final Deposit

Upon depositing the final received funds for an investment, additional fields must be completed. These fields are essential in determining the Fee Note that will be generated and in preparing the Disbursement Notice, which will be sent to the investment issuer for processing payment disbursements. These fields will automatically enable when the system reads that the deposit amount has equalized the investment amount

  1. Select the check mark “Generate Fee Note” & “Generate Disbursement Notice”. Note: “Generate Invoice” is not required UNLESS there is a 3rd party paying agent involved, which will be defined by the Issuer.
  2. Select the “Fee Note Receiver” from the drop down. This is a pre-selected list of agents dependent on the Fee Note agreements received for that Investment deal.
  3. Enter in the “Fee Note Percent” according to the signed agreement of the Fee Note Receiver.
  4. “Non-Cash Consideration” should always be disabled unless instructed otherwise that the specific investment is truly a NCC.
  5. Click “Deposit”
  6. Funds deposited will automatically be added to the accounting module