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Installment Payment

Installment Payment is an automated system process that ensures investors receive the amounts due on the maturity date of their asset holdings. This process involves creating SettlementProcess, notifications to the asset issuer, payment records and confirmation by investors.

Payment Process​

1. Identification of Installments to Pay​

Daily, the system automatically identifies all overdue installments and those reaching their maturity date. For each of these installments, a SettlementProcess is created, which manages the payment flow.

2. Notification to Issuer​

The asset issuer receives an email containing information about the installments that must be paid, including payment details and bank accounts to which transfers should be made.

3. Receipt Registration​

After making the transfers, the issuer must register payment receipts in the system. For this:

  • Each SettlementProcess contains one or more SettlementProcessPayment, representing each payment to be made.
  • A SettlementProcessPaymentReceipt (receipt) must be attached to the corresponding SettlementProcessPayment.
  • The investor will review and confirm receipt of the payment.

4. Payment Confirmation​

When the investor confirms receipt of the payment, the system:

  • Updates the installment status to paid.
  • Records the settlement event within the SettlementProcess.
  • Ensures that the security's cash flow records are updated correctly.

5. Reprocessing of Unpaid Payments​

If a SettlementProcessPayment is not paid on the due date:

  • It will be cancelled.
  • A new SettlementProcessPayment will be created the next day with updated values.
  • The issuer will receive a new notification to settle the installment.