.. sectnum::
   :depth: 2
   :start: 2

Credential Preparation for Token Issuance and Transfer
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Registrar specifying the requirement of the BOND token
---------------------------------------------------------------------------

Here Registrar of BOND specifies the credential requirement, i.e. what credentials are needed in order to issue or hold the BOND tokens.

=================   =================
Actor               Utility Module
=================   =================
Registrar           REGISTRY
=================   =================

Select CONFIGURATIONS on the left navigation. In the Instrument Configurations box, click CREATE INSTRUMENT CONFIGURATION. 

.. image:: pictures/instrument_config-1.png

A window pops up for input.

.. image:: pictures/instrument_config-2.png

In this demo, the credential requirements are designed as following:

.. list-table::

  * - Token-specific Role
    - Credential Requirements
  * - Issuer
    - [holder] [isIssuerOf] [BOND]
  * - Holder
    - [holder] [isHolderOf] [BOND]

Input BOND in Instrument ID

.. image:: pictures/instrument_config-3.png

The Registrar can set Instrument Identifers (optional)

* Source = Registrar PartyID
* ID = Ticker
* Scheme = CUSIP, ISIN, ...

.. image:: pictures/Registry_Intrument_Identifiers.png
   :height: 325px
   :width: 400px

Under Required Credentials for Issuers, click ADD

- In the Credential Issuer, paste the Registrar's Party ID
- Then under Claim Requirements (where subject is the holder), click ADD
- In Property, input isIssuerOf
- In Value, input BOND

.. image:: pictures/instrument_config-4.png

Scroll down if needed

Under Required Credentials for Holders, click ADD

- In the Credential Issuer, paste the Registrar's Party ID
- Then under Claim Requirements (where subject is the holder), click ADD
- In Property, input isHolderOf
- In Value, input BOND

.. image:: pictures/instrument_config-5.png

Then click CREATE. The instrument configuration is created.

.. image:: pictures/instrument_config-6.png

Registrar offers credential of token issuer and holder to Issuer
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Registrar (of BOND) offers a free credential to Issuer (as an issuer and a holder of BOND).

=================   =================
Actor               Utility Module
=================   =================
Registrar           CREDENTIAL
=================   =================


Select CREDENTIALS on the left navigation. Click OFFER FREE CREDENTIAL. A window pops up for input.

- Holder: Issuer's Party ID
- Id: Issuer-BOND-issuer
- Description: <anything>
- Claims
  
  * Subject: Issuer's Party ID
  * Property: isIssuerOf
  * Value: BOND

.. image:: pictures/token_credentials-1.png

Select CREDENTIALS on the left navigation. Click OFFER FREE CREDENTIAL. A window pops up for input.

- Holder: Issuer's Party ID
- Id: Issuer-BOND-holder
- Description: <anything>
- Claims
  * Subject: Issuer's Party ID
  * Property: isHolderOf
  * Value: BOND

.. image:: pictures/token_credentials-2.png

Registrar offers credential of token holder to Investor1
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Registrar (of BOND) offers a free credential to Investor1 (as a holder of BOND).

=================   =================
Actor               Utility Module
=================   =================
Registrar           CREDENTIAL
=================   =================

Select CREDENTIALS on the left navigation. Click OFFER FREE CREDENTIAL. A window pops up for input.

- Holder: Investor1's Party ID
- Id: Investor1-BOND-holder
- Description: <anything>
- Claims
  * Subject: Investor1's Party ID
  * Property: isHolderOf
  * Value: BOND

.. image:: pictures/token_credentials-3.png

Issuer accepts credential offers
---------------------------------------------------------------------------

=================   =================
Actor               Utility Module
=================   =================
Issuer              CREDENTIAL
=================   =================

Select OFFERS on the left navigation. There are two credential offers from Registrar.

.. image:: pictures/token_credentials-5.png

Click ACCEPT to both.

Now a credential is created (Check CREDENTIALS on the left navigation).

.. image:: pictures/token_credentials-6.png

Investor1 accepts credential offer
---------------------------------------------------------------------------

Investor1 accepts the credential offer.

=================   =================
Actor               Utility Module
=================   =================
Investor1           CREDENTIAL
=================   =================


Select OFFERS on the left navigation. There is one credential offer from Registrar.

.. image:: pictures/token_credentials-7.png

Click ACCEPT.

Now a credential is created (Check CREDENTIALS on the left navigation).

.. image:: pictures/token_credentials-8.png

Congratulations! All credentials are ready. It is time for the token issuance and transfer.