Settlement schedules are a feature of Token Securities that allows you to prepare token transactions automatically as the security vests.

Pulley will never initiate a token transaction without a cap table admin's direct action.

However, it can save you time by creating a new item in your Token Transactions tab, which you can then initiate when ready.

How do I add a settlement schedule?

When you are filling out the details for a token security in Pulley, you will find the "settlement schedule" below the 'vesting' section:

If you want to add it to an existing security after having saved it on the cap table, you can do it by navigating to Token Cap table -> [The relevant security type, e.g.: "RTUs"] -> Click on the Security ID -> Actions -> Edit:

When creating or editing the security, you will be prompted to select the settlement schedule from a drop-down list. This list can be found in Company -> Settlement schedules in the left hand nav, but you can also add a new settlement schedule in the security page, right below the schedule selection drop down.

When adding a new schedule, you can select any amount of months of the year and the day of the month in which the transaction will be prepared:

When you finish setting up your settlement schedule, you can select it from the dropdown and hit the Save button at the end of the form.

Bear in mind that in order for Pulley to prepare the transfers in your Token Transactions tab, you will have to:

  • Turn on the Prepare Token Transactions switch below the schedule selection dropdown.

  • Add the company's Smart Contract Address.

  • Add the holder's Wallet Address.

Once you complete all these, a new transaction will be generated on each month that your schedule marked for you to initiate it from the Token Transactions tab.

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