Definition: High-value, time-sensitive cash transfers commonly used by hedge funds and asset managers.
Example: A hedge fund needs to wire $25 million by a closing date. Components of the wire payment include the sender (fund’s operational account with custodian), recipient (seller’s escrow account), amount ($25 million), network (Fedwire Funds Service), and other data points.
Explore IVP Cash Management
The IVP Cash Management Solution enables accurate wire 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.
