Understanding trade status: Draft, Published, Active and Archived
Defining the different statuses for Trades.
What do trade statuses “Draft”, “Published”, “Active”, and “Closed” mean?
When you navigate to your Trades tab, all your Active Trades are accessible. As you work through trades, the status will change. The status is visible next to the individual trade and then logged cumulatively at the top of your Trades interface. What does each status mean and how and when do they change?
Draft: keep your trade in draft while you are still building it (eg. adding initial milestones, dates or documents)
Published: publishing a Trade makes it visible to KLEAR staff. KLEAR is only able to consider financial participation on published Trades. You're still able to edit your Trade after it's been published.
Active: your published trade will automatically move to "Active" on the first milestone date
Closed: a trade can be closed when all steps of the trade have been completed and you have been paid by your customer. However, you can close an unsupervised trade at any time, if and when you determine it is completed or no longer viable.
Supervised and Unsupervised Trades
What's the difference between a supervised and unsupervised Trade?
New Trades, by default, are unsupervised. This means that Klear Capital Solutions is not participating in the Trade financially, and that you as a user have full editing power over all milestones and details in the Trade. When KLEAR makes an offer to provide financing solutions for a Trade, KLEAR begins supervising that Trade. You will see that the Trade is now labelled "supervised." Once a Trade is being supervised, some milestones and datapoints in the Trade are frozen for underwriting purposes.
How do I know if my Trade is supervised or unsupervised?
If you click on a specific Trade in your list of Trades, you will be able to see if it is supervised or unsupervised next to the Trade title.
Archived Trades
You can archive trades that are drafted but will not be active. These trades may have been, for instance, built to test the platform or represent a trade with a canceled order. Archived trades, unlike active and closed trades, will not show up in your analytics.