Definition: Automated creation of wire instructions, including pair-off wires for repo and settlement activity.
Example: Steps in the wire generation process include the request (form filled out by an analyst), documentation (attachment of the purchase agreement, invoice, or capital call notice), compliance and risk checks (against restricted lists or AML controls), dual authorization and approval, and bank submission (ops team submits the authenticated wire file through the custodian’s portal).
Explore IVP Cash Management
The IVP Cash Management Solution supports automated wire generation. 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.
