Definition: A standardized international format for identifying bank accounts, which is used to ensure accurate and efficient routing of cross-border payments.
Example: A typical IBAN includes a two-letter country code, two check digits (control numbers for algorithmic error-checking), a bank/sort code that identifies the financial institution and routing details, and a bank account number.
Explore IVP Cash Management
The IVP Cash Management Solution supports the IBAN format. 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.
