To operationalise the Loss and Damage Fund (LDF)— established at the 27th Conference of Parties (COP27) after intense negotiations — a Transitional Committee (TC) has been tasked with providing recommendations on the institutional arrangements, elements of the funding arrangements, sources of finance, and ensuring coordination and complementarity with existing arrangements for L&D. This report attempts to answer the following questions – the scope of the fund, who pays, who receives, how much, and how the fund fits into the current finance architecture to provide the solutions needed. It also makes recommendations for the immediate accessibility component of the LDF, which focuses on processes that allow for the quick disbursal of finance that is fit for purpose.