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. 

It is a two-step approval, consisting of a Maker and Checker review.

Depending on the agreed workflow: 

1. Once all Approvals on Customer side are completed, the Funder will receive a notification via email

2. The Funder then has the option to approve or reject the instrument based on their assessment

3. If the instrument is approved by the Funder and is within the funding window, the instrument will then move into the Disbursement stage and the Funder will receive the disbursement instructions.