---
# System prepended metadata

title: RWA Senior Lending Trust - Workflow

---

# RWA Senior Lending Trust - Workflow
## General Sequence

Major Sequence Items
- DAI is minted 
- DAI is sent to RWA International Ltd, an exempt Cayman Islands company, the Trust Sponsor, via a secure Ethereum address at the Trust Sponsor’s brokerage account at Genesis Global Trading, Inc., a U.S. registered broker-dealer in New York
- DAI is exchanged for USD (Genesis exchanges the DAI for USD, see Trust Sponsor’s irrevocable instructions)
- USD goes to Trust Sponsor's Bank (Genesis wires USD from Trust Sponsor’s brokerage account to Trust Sponsor’s U.S. bank account at U.S. Bank (first party wire))
- Trust makes loans per the Credit Agreement and Trust Agreement
- Loan Operations of 6sCP
- Loans are repaid to the Trust
- Trustee wires USD from trust account to Trust Sponsor’s bank account at U.S. Bank (third party wire)
- U.S. Bank wires USD from Trust Sponsor’s bank account to Trust Sponsor’s Genesis brokerage account (first party wire)
- Trust Sponsor purchases DAI (Genesis exchanges USD for DAI in Trust Sponsor’s brokerage account)
- OTC sends DAI back (on the secured conduit) to Trust Sponsor (Genesis sends DAI back from Trust’s Sponsor’s brokerage account to MakerDAO via an Ethereum Address to be destroyed)
- Trust Sponsor sends DAI back to be destroyed by MakerDAO




```sequence
Title: MakerDAO Perspective
Note over MakerDAO: [Secure Conduit] DAI is minted
MakerDAO->Trust Sponsor: [Secure Conduit] DAI is given to Trust Sponsor
Note right of Trust Sponsor: [Secure Conduit] DAI deployed \n with no set time horizon
Trust Sponsor->MakerDAO: [Secure Conduit] DAI is returned to MakerDAO 
Note over MakerDAO: [Secure Conduit] DAI is destroyed
```

```sequence
Title: Trust Sponsor Perspective
Note over Trust Sponsor: [Secure Conduit] DAI is received by Trust Sponsor
Trust Sponsor -> OTC (FBO Trust Sponsor): [Secure Conduit] DAI is transferred to OTC Desk 
OTC (FBO Trust Sponsor)->OTC (FBO Trust Sponsor): DAI is exchanged for USD
Note over OTC (FBO Trust Sponsor): Standing irrevocable instructions
OTC (FBO Trust Sponsor)->Trust Sponsor Bank: FedWire
Note over Trust Sponsor Bank: Standing irrevocable instructions
Trust Sponsor Bank -> DST Bank: USD contributed into grantor DST
Note over Trust Sponsor: Capital deployed \n with no set time horizon
Note over DST Bank: Standing irrevocable instructions
DST Bank -> Trust Sponsor Bank: USD received from DST
Note over Trust Sponsor Bank: Standing irrevocable instructions
Trust Sponsor Bank ->OTC (FBO Trust Sponsor): FedWire
Note over OTC (FBO Trust Sponsor): Standing irrevocable instructions
OTC (FBO Trust Sponsor)->OTC (FBO Trust Sponsor): USD is exchanged for DAI
OTC (FBO Trust Sponsor)->Trust Sponsor: [Secure Conduit] DAI is transferred to Trust Sponsor
```

```sequence
Title: DST Perspective
Trust Sponsor -> DST : USD contributed into grantor DST
DST -> 6sCP: Trustee may approve lending USD
Note over DST: Pursuant to Credit agreement \n and Trust Agreement
6sCP->DST: Borrowed funds are repaid
Note over DST: Portfolio Interest 
DST -> Trust Sponsor: Trustee wires funds 
Note over CayTrust SponsorCo: USD retuned with interest
```

```sequence
Title: 6s Capital Partner ("6sCP") perspective
6sCP ->Trustee: Informs of upcoming transaction
Trustee-> 6sCP: Confirms Transaction
6sCP->Borrower: Confirms Transaction
6sCP->Borrower: Schedules a closing
Trustee->Title_Company: Transfers funds to Title Company
Borrower->Title_Company: Delivers all documents
Borrower->6sCP: Senior lien
Title_Company->Seller: Funds delivered 
Title_Company->Borrower: Funds delivered 
Seller->Buyer: Clean title with a lien
Note over Borrower: Funds are outstanding \n per loan agreement
Borrower->6sCP: Requests payoff statement
Borrower->6sCP: Requests closing date
6sCP->Trustee: Confirms payoff statement & date
Trustee->6sCP: Confirms payoff statement & date
Buyer->Title_Company: Funds delivered
6sCP->Title_Company: Lien Released
Trustee->Title_Company: Lien Released
Title_Company->Buyer: Clean title
Title_Company->Trustee: Funds transfered (payoff amt)
```


```sequence
Title: DAI Source
6sCP -> DST: Provide Collateral
Note over DST: Collateral may be secured \n w/ real estate or cash
DST -> Trust Sponsor: Collateral Received
Trust Sponsor -> Maker: Borrow DAI against \n encumbered assets
Trust SponsorTrust Sponsor -> Trust Sponsor: DAI -> USD
Trust Sponsor -> DST: USD received
DST -> 6sCP: Credit Agreement lending
Note left of DST: Pursuant to Credit agreement \n and Trust Agreement
6sCP->DST: Borrowed funds are repaid (USD)
6sCP->DST: Real-Estate collateral released
DST->Trust Sponsor: Borrowed funds are repaid (USD)
Trust Sponsor->Trust Sponsor: USD -> DAI
Trust Sponsor->Maker: Borrowed funds are repaid (DAI)
```