Definition: Workflow handling for failed, rejected, or flagged payments requiring review or correction.
Example: Frequent examples of exceptions include trade matching breaks (broker and OMS details for a trade do not agree), failed settlements (counterparty does not deliver cash by the agreed upon settlement date), corporate action discrepancies (market data vendors and fund admins receive different terms for a stock split), collateral disputes (collateral call from a broker differs from the internal valuation), and NAV breaches (security price exceeds a pre-set percentage threshold).
Explore IVP Cash Management
The IVP Cash Management Solution supports comprehensive exception management. This buy-side platform centralizes and automates cash settlements, balance monitoring, and payment workflows across banks, funds, and counterparties. By replacing manual processes with configurable, straight-through automation, it gives firms real-time visibility, stronger controls, and greater confidence in every cash movement.
