Managing Entities and Signers

This guide provides a detailed explanation of managing entities and signers in the entities tab for depository receipts. The entities tab is crucial for selecting the correct entity involved in issuing depository receipts, managing the rules and regulations, or being the entity you own when purchasing a depository receipt.

Steps to Manage Entities

1. Selecting Entities

   • In a depository receipt portfolio, typically three entities need to be selected:
     1. The Sender and Seller: The entity distributing the depository receipts.
     2. The Company: The actual business entity involved, in this case, "Share a Flower Baby."
     3. The Trust Foundation: The entity holding shares and issuing the depository receipts.

2. Setting the Sender and Seller

   • The sender and seller refer to the company distributing the receipts to employees or participants. In this scenario, it is the same company, "Share a Flower Baby."

3. Setting the Company

   • This is the company that people become co-owners of through depository receipts. It is again "Share a Flower Baby."

4. Trust Foundation Role

   • The trust foundation holds the company's shares and issues the depository receipts. The foundation may distribute these receipts to another entity, often the company itself.

Adding and Managing Signers

1. Filling Out Signers Per Entity

   • It is important to assign signers for each entity, including the sender and seller and the company. Even if they are the same entity, they need separate signers for different positions.
   • To add a signer, click on the company's name to see a dropdown menu. Only individuals linked to that entity in the entity particle settings can be selected as signers.

2. Example: Setting Signers for "Share a Flower Baby"

   • Initially, "Frenzy Will First" is set as a signer, signing automatically for any transactions made by an admin.
   • Additional signers can be added, e.g., "Ollie," and the requirement can be set that both signers must sign, or just one.

3. Adjusting Signer Thresholds

   • You can set the threshold for the number of required signatures. For example, setting it to one means either "Frenzy" or "Oliver" can sign to approve a transaction.
   • This flexibility is useful for larger boards of directors, distributing the signing responsibilities.

4. Automatic vs. Manual Signing

   • If automatic signing is turned off, both signers must manually approve transactions.
   • By default, setting to automatic signing ensures transactions are signed without requiring manual intervention each time.

5. Foundation Signers

   • In this scenario, "Frenzy" is also the signer for the foundation. Even with automatic signing turned off, a signer only needs to sign once for all associated transactions.

Key Points to Remember

• The same entity might appear multiple times in different roles, such as the sender, seller, and company.
• Different signers can be assigned to different roles within the same entity.
• Adjusting signer thresholds can streamline transaction approval processes, especially in larger organizations.

🎥 Video instruction:

You can also watch the instructions via the video below: