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Settlement
Final, irrevocable settlement between institutions through IWB's regional hubs, with a single ledger and a complete audit trail.
Benefits
Certainty of funds
Once a payment settles on the IWB ledger it is final. Counterparties know when funds are theirs.
Fewer intermediaries
Participants settle directly with each other, removing correspondent chains and their delays and fees.
Regional coverage
Hubs in Geneva, Singapore, Nairobi and Panama City keep settlement close to your time zone.
How it works
- 1
Join the network
Complete onboarding and sign the participation agreement.
- 2
Fund a settlement wallet
Pre-fund the currencies you expect to settle in.
- 3
Instruct payments
Send instructions through the portal or the hosted gateway.
- 4
Reconcile
Download end-of-day position and reconciliation reports.
What is included
- Same-day settlement across participating hubs
- Real-time position and liquidity visibility
- Sanctions screening on every instruction
- Daily reconciliation files and monthly statements
- Operational support 24 hours a day, every day
- Annual external audit of the settlement ledger
