Capital Calls allow your Organization (entity) to send, request, and manage incoming capital contributions from your LPs and investors effortlessly and seamlessly.
Capital Call Statuses
Draft
The Capital Call has been created but it has not yet been sent to the Recipient. When the Capital Call is sent to the Recipient, the status changes to Pending Request.
Not Viewed
The Capital Call has been sent but it has not yet been viewed by the Recipient. A view is counted each time the Recipient accesses the Capital Call from their Verivend account. When the Capital Call has been Viewed one or more times by the Recipient, the status changes to Viewed.
Viewed
The Recipient has viewed the Capital Call but has not yet submitted a payment. When a payment has been submitted by the Recipient, the status changes to either Scheduled / Committed or Payment Submitted, depending on how the Recipient chose to submit their payment.
Scheduled / Commited
The Recipient has submitted payment by scheduling a bank payment for a future date or has committed to sending a wire transfer.
Scheduled bank payments will be processed on the posting date chosen by the Recipient when submitting payment. The status changes to Payment Submitted on the posting date of the payment.
Committed wire transfer payments will be completed when the Recipient initiates the wire transfer and when the funds arrive in Verivend. The status changes to Fully Paid when the wire transfer funds arrive in Verivend.
Note: the Recipient has the ability to cancel a scheduled bank payment or committed wire transfer before the scheduled payment posting date or before they initiate the wire transfer. If the Recipient chooses to cancel either one of these payment methods, the sender of the Capital Call will receive an email notification and the History section of the Capital Call will be updated with the cancellation.
Payment Submitted
The recipient has submitted their payment and the funds are in transit from their bank to the digital wallet of the Organization that sent the Capital Call. When the funds have arrived and cleared, the status changes to Fully Paid and the funds are available in the digital wallet of the Organization that sent the Capital Call.
Fully Paid
The payment from the Recipient is completed and the funds are available in the digital wallet of the Organization that sent the Capital Call.
Canceled
The Organization that sent the Capital Call has Cancelled the Capital Call and it has been removed from the Recipient's Verivend account and can no longer be acted on. Canceled Capital Calls can still be viewed by the Organization that created the Invoice from within the Archives area. Please see Archives for more information on archived items.
Closed
The Organization that sent the Capital Call has Closed & Archived the Capital Call. Closed Capital Calls can longer be acted on and are still viewable by the Sender and Recipient from within the Archives area. Please see Archives for more information on archived items.
Payment Statuses
Scheduled
The payment is queued for processing and will move to Started once the transaction begins.
Started
The payment transaction has started and will move to Unconfirmed status when the funds are pulled from the recipient's bank account.
Cancelled
The payment was cancelled by the sender and will not be processed.
Failed
The transaction did not successfully completed for the reason noted.
Unconfirmed
The funds are in transit from the sender's bank account and are in the process of clearing and becoming available in the recipient's digital wallet.
Completed
The funds have settled and are now available in the recipient's digital wallet.