As a fund manager acting as a funder, you can select days of the week when your investment strategies should attempt to purchase invoices that match your investment criteria. This allows you to make investments on specific days (payment run days), which is easier from an operational standpoint.
What this really means is that the system's end of day job that purchases invoices will only run on the investment days that you select. The fewer investment days you select the higher the chance that an invoice will miss the opportunity to get funded.
To reduce this likelihood we recommend:
Creating a minimum 7 day funding widow (configuring a 7 day period between earliest funding date and last funding date).
Ensuring invoices are fully approved prior to this 7 day funding window.
When the system's end of day job runs (on the individual investment days), it looks into the future to check whether the next investment day for you is a non-working day. If the next investment day is a non-working day, the job will purchase all eligible invoices that meet preset investment criteria where the earliest funding date falls between today and the subsequent investment day.
All the following conditions have to be passed for an invoice to be funded by the system's end of day job :
Invoice tenor is within min and max tenor set at strategy level
Invoice expected return (%) >= Min expected return (%) set on investment strategy
Earliest funding date <= Today
Last funding date >= Today
Invoice currency is equal to target currency set at strategy level
Current payer exposure + Invoice advance amount will not exceed payer’s platform limit
Current strategy exposure + Invoice advance amount will not exceed strategy limit
Funder’s seller exposure + Invoice advance amount will not exceed funder’s seller limit
Switch to the funder mode from the top of the page.
Open the Selecting Investment DaysInvestment Settings Page
Select investment days