💰 Funding

Overview

The "funding" is an entity that will buy the debt security after its origination.

This figure is commonly used in "banking as a Service" operations, where the real creditor is not the issuer, but an investment fund or a securitization company that buys the security as a receivable and assumes all the risk of defaulting on the operation.

Usage

It's an Issuer's responsibility to approve new fundings and register them in the system. After that, the originator will be able to specify in the application request body which funding is responsible for buying this operation.