What is the difference between a supervised and unsupervised trade?
Supervised or unsupervised? It's your choice. Here's what you need to know to decide.
What is the difference between a supervised and unsupervised trade?
An unsupervised trade allows you to use KLEAR to run trades that KLEAR or KLEAR Capital Solutions does not participate in financially, engage with from a governance perspective, or work on. You can use the software to collaborate with your team, manage your documents and calendar, and standardize your business processes to make creating and completing trades more efficient and transparent.
A supervised trade trade allows Trader members to access capital solutions, including purchase order and invoice financing. Any time funds are to be deployed into the trader’s trading account on the platform, the trade must become supervised. Rules and controls apply to a supervised that are not required for an unsupervised trade, such as:
- Every member of the trade party needs to be approved through KYC
- Only members of the trade party can receive payments from the funding account.
- The collection on the invoice needs to go into the trade funding account.
To request that a trade become supervised, finish building the trade to the point where you can publish it and then click supervised.
Where is supervised / unsupervised visible?
After a trade has been created and the user navigates to Trade Activity by clicking on the trade on the Trades dashboard, the trade's designation is visible next to its status. You can make an unsupervised trade supervised by clicking on Update Status on the far right.
