This guide walks you through the process of configuring fund disbursements in your Basefund transactions.
Adding a Receiver
Select "Add Receiver"
In the transaction details view, locate the Receiver(s) section
Click the "Add Receiver" button
Choose and Configure the Receiver
Select a Participant Organization from the drop-down list of your contacts
Specify their Participant Type (e.g., Ratings Agency, Insurer, Bond Counsel, etc.)
Complete the "Amount to be Received" and "Purpose" fields
Select a Clearer from the drop-down under "Receiving Money From"
Select the appropriate payment rail from the Transaction Method drop-down
Manage Receiver Contacts
After clicking "Create," you'll be prompted to add a contact associated with that Receiver
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
Each receiver must be linked to a funding source (typically a Clearer) to establish the complete flow of funds
The system maintains a clear audit trail of all disbursements for security and compliance purposes
Receivers will only have visibility into their specific role in the transaction