Perform Execute Fund Move

This method is used to move funds from the offering's escrow to issuer's account when the offering has been closed (closeOffering). This is a virtual fund movement within TransactAPI. This does not physically move funds to the issuer's bank account but it will move funds from the virtual escrow account to the virtual issuer's account. This method is used for optional tracking purposes.

Request Method : POST

Request Parameters

Parameter Required Type Description
clientID yes string Transact API Client ID
developerAPIKey yes string Transact API Developer Key
IssuerId yes integer Issuer ID that is generated by the API when an issuer is created(createIssuer)
offeringId yes integer Offering ID that is generated by the API when an offering is created(createOffering)
reason yes string Reason for the fund move.
createdIpAddress no integer Requested IP Address

Sample Request

curl -k -X POST https://api.norcapsecurities.com/tapiv3/index.php/v3/performExecuteFundMove
-d developerAPIKey=somedeveloperkey 
-d clientID=someclientid 
-d issuerId=55624 
-d offeringId=55591 
-d reason=Reached Goal 
-d createdIpAddress=10.0.0.9

Response Parameters

Parameter Type Description
statusCode string API Status Code
statusDesc string API Status Description
Execute Fund move details string Returns the fund move details as an array

Sample Response

{
  "statusCode": "101",
  "statusDesc": "Ok",
  "Execute Fund move details": [
    true,
    [
      {
        "issuerId": "882512",
        "offeringId": "59663",
        "reason": "GOAL_MET",
        "status": "PENDING"
      }
    ]
  ]
}
Click on the "Test it yourself" button to see how it works
Click on the "Error Codes" button to see list of error codes

Custodial Account