Definition: Predefined settlement details used to ensure accurate and consistent payment execution.
Example: SSIs specify where cash or securities must be delivered or received for a specific currency and market. Components of the SSI may include a beneficiary institution, beneficiary account number, beneficiary custodian bank, custodia BIC/SWIFT code, intermediary bank (for cross-border payment), intermediary BIC/SWIFT code, and currency.
Explore IVP Cash Management
The IVP Cash Management Solution supports SSIs. 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.
