What are Agents?

Agents provide organsations with a way to earn yield on assets held on Salt accounts.

An agent can implement investment strategies on assets held by an organisation, without taking custody of those assets. They work within the parameters set by the policies on the managed account, which can include: transaction limits, and permitted / excluded recipients.

Account owners can turn off an agent’s permission to transact on the account at any time.

Tips when choosing an agent

• Agents can be human asset managers, professional traders, bots, AI or some combination thereof. Their job is simply to execute on your behalf from your Salt account.
• Before adding an agent to your organisation, it’s your responsibility to do due diligence on them. You are effectively hiring them to do a treasury management job for your organisation.
• You need to negotiate the fees you’ll pay the agent (this isn’t yet automated by Salt)
• If you add an agent to your account, you are giving them the ability to do any transactions on the account within the limits of your policies on that account. It’s very important to set policies such that the agent cannot transfer assets to themselves or others that you don’t approve.

How to use an agent on Salt

• In the Organisation’s settings, add an agent as a member of the Organisation. Use the Agent role.
• Create a new Account with the Agent as a co-signer. They will be able to view and transact on this account, however they won’t be able to see your Organisation’s full portfolio.
• Agents are automatically disabled from being able to transact on your account.
  • Add policies before you enable them.
  • Understand they can do anything within the policies with any money you have in that Account.
  • Enable the Agent on the Agent-managed Account page, under the Proposers tab.
• Move assets into the account for the Agent to transact with.
• Whenever you toggle them off they will no longer be able to transact on the account. The Robo Guardians will not be instructed to co-sign transactions created by an inactive agent.
• You and your agent will negotiate fees and payments for services separate to Salt.

Turning off your agent

To turn off your agent, use the toggle on that agent’s dedicated Account page.

As soon as you toggle off your agent, they lose the ability to transact from the Account in your organisation, enforced by policies.