Definition: Payments involving the exchange and settlement of funds in different currencies, typically used to support cross-border transactions and foreign currency obligations.
Example: FX payments are required when buy-side firms use a custodian bank to convert local currency into a target currency in order to execute a trade, hedge against currency shifts, or reconcile settlement.
Explore IVP Cash Management
The IVP Cash Management Solution provides full support for FX payments. 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.
