Set up a Capital call

To set up a new Capital call:

1. From the menu, go to Capital raising and click on Capital call.
2. Here you will see the list view of existing Capital calls. On the top right click + Create new Capital call.

NB: Before creating a Capital call, consider setting up default payment methods which can be re-used in all new Capital call and Offer setups. Instructions for setting up default payment methods can be found here. 

Capital call setup

Step 1: Capital call details 

• • Enter a Capital call name.
  • Select one or multiple securities who are entitled to the distribution. Or, check the Include all securities box to pay a distribution on all securities.
  • Include all investors (for the securities selected above) dropdown:
    • Click 'Yes, include all investors' to include all investors.
    • Click 'No, I want to exclude some investors from this payment' to exclude some investors.
    • Click 'No, I want to manually select who will be included in the payment' to include some investors.
  • Choose the base calculation method:
    • Amount per security: This amount will be multiplied by the number of units held by the investor to reach the investor's Capital call amount.
    • Percentage of total commitment: This percentage will be multiplied by the total commitment owed by the investor.
  • Based on the method selected above enter an amount per security or a percentage of total commitment.
  • Record date. The number of units held by the investor on this date will be used to calculate the Capital call amount.
  • Payment due date. The Capital call email and invoice will display this date as the due date.

Step 2: Payment method

You can choose which payment methods you want to provide your investors with. These methods will be displayed in the invoice.

If you have setup default payment methods in the Capital raising, Accounts menu item, payment methods will be pre-populated. Instructions to setup default payment methods can be found here. You can edit or add new details using the below method.

To select how you would like investors to pay for their application:

• If allowing BPAY as a payment method, check BPAY:
  • Enter your BPAY biller code.
  • If your BPAY code allows credit card payments:
    • Check Yes if you want to allow investors to pay via credit card.
    • Check No if you do not want to allow investor to pay via credit card.
  • Enter your BPAY limit.
• If allowing Cheque as a payment method, check Cheque:
  • Enter Cheque payable to
  • Enter the address the cheque is meant to be sent to:
    • Street
    • Suburb/city
    • State
    • Postcode
    • Country
• If allowing Electronic funds transfer as a payment method, check Electronic funds transfer:
  • Enter your Account name
  • SWIFT or Bank Identification Code (BIC)
  • BSB
  • Account number

You can add additional text to the invoice that gets sent to the investor too (please note the payment details and some other important information is already included in the invoice).

To enter additional invoice text:

• Enter and format the text in the ‘Enter any additional instruction or information to be included on the invoice’ text box.
• Click Save and continue.

Step 3: Review

You can review your Capital call setup before creating the Capital call. 

In this step you can review the total Capital call amounts in the Summary section as well as the individual call amount for each investor in the  Capital call amounts per investor table.

When you are ready, you can create the Capital call.