This guide explains how to configure the receipt of funds for your Basefund transactions, including adding senders and clearers as needed.
Adding a Sender
Select "Add Sender"
In the transaction details view, locate the Sender(s) section
Click the "Add Sender" button
Choose and Configure the Sender
Select a Participant Organization from the drop-down list of your contacts
Specify their Participant Type (e.g., Sender, Clearer, Paying Agent, etc.)
Enter the amount they will be sending in the "Outgoing Funds" field
Select the appropriate payment rail from the Transaction Method drop-down
Manage Sender Contacts
After clicking "Create," you'll be prompted to add a contact associated with that Sender
Contacts who already have a BaseFund account will be automatically invited
To invite new participants, click the paper airplane icon to the right of their name
Adding a Clearer (If Required)
If your transaction requires a clearing organization or intermediary:
Select "Add Clearer"
In the transaction details view, locate the Clearer(s) section
Click the "Add Clearer" button
Choose and Configure the Clearer
Select a Participant Organization from the drop-down list of your contacts
Specify their Participant Type (e.g., Sender, Clearer, Paying Agent, etc.)
Complete the Funds Clearing and Purpose fields
Select a Sender from the drop-down under "Receiving Money From"
Select the appropriate payment rail from the Transaction Method drop-down
Manage Clearer Contacts
After clicking "Create," you'll be prompted to add a contact associated with that Clearer
Contacts who already have a BaseFund account will be automatically invited
To invite new participants, click the paper airplane icon to the right of their name
Important Notes
All organizations must be added to your contacts before they can be selected as transaction participants
The system will guide you through connecting the flow of funds between participants
Each participant will only have visibility into their specific role in the transaction