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Instrument Approval Process

Funder knowledge baseInstrument Submission and ApprovalInstrument Workflow: Approvals

Instrument Approval Process

Instrument Approval is the second stage of Instrument Workflow and refers to all the steps on the Customer and Funder side that relate to review, approval or rejection of an Instrument.

The reviews and approvals are done by specific teams appointed within Bank’s organisation. These teams are invited with specific permissions to FinverityOS by the Admin user. More on how to Invite users and assign permissions can be found here

FinverityOS allows to create three layers of approval:

  1. Payer Approval (Maker & Checker)

  2. Finance Request

  3. Funder Approval

The amount of layers within Approval Workflow depend on how the Product was structured by the Admin user:

  • Product Group: Contain type of Product, Anchor and underlying Instrument

  • Product Structure: Contain information on the Recourse to the supplier, Deal being Undisclosed, and Workflow Settings 


It is in the Workflow Settings, under Product Structure were you will make decision on Instrument Workflow. Please refer to this guide for some Product examples you can create on FinverityOS.