What is IPIP?
IPIP is used to instruct the movement of funds from a non-custodial account to a registered account before transfer to the beneficiary institution(s).Next Step
— For the IPIP, I would first need the documents for the Request for Quote (RFQ) FOR our known Receivers. So we are asking you for your Proposal package. Currently, all essential forms such as CIS and KYC are being collected.
Standard IPIP Procedure (AFTER APPROVAL by COMPLIANCE)
Example procedure
• SENDER AND RECEIVER SIGN, INITIAL, AND SEAL THE AGREEMENT, MAKING IT A FULL COMMERCIAL RESOURCE CONTRACT.
• RECEIVER SHALL PROVIDE THE SENDER WITH THE NECESSARY BANKING DETAILS FOR THE FUNDS TO BE TRANSFERRED TO RECEIVER’S BANK ROUTING (IP/IP).
• RECEIVER SUBMITS THE AGREEMENT TO RECEIVER’S BANK AND OBTAINS CONSENT.
• SENDER RELEASES MT 199 OF READINESS TO ISSUE A SPECIAL IP-IP TRANSFER TO RECEIVER’S BANK. (MAY NOT BE INCLUDED)
• RECEIVER ISSUES SWIFT MT 199 OF READINESS TO ACCEPT THE IP-IP TRANSFER. THIS IS BANK AND RWA CONFIRMATION.
• SENDER TRANSFERS FUNDS THROUGH IP-IP TO RECEIVER’S SERVER AND, UPON SUCCESS, PROVIDES RECEIVER WITH A SECURE COPY OF SERVER SLIPS WITH TRANSFER DETAILS WITHOUT FINAL CODES.
• RECEIVER (OR A THIRD PARTY COORDINATING WITH RECEIVER ON BEHALF OF RECEIVER) RELEASES APPROVED BANK PGLs WITH EACH TRANSFER AMOUNT FOR IPIP.
• AFTER PGL VERIFICATION, SENDER RELEASES FINAL CODES FOR DOWNLOAD WITHIN 24 HOURS OF PROVIDING SERVER SLIPS WITH FINAL CODES TO RECEIVER’S BANK OFFICER SHALL BLOCK.
• ADDITIONAL TRANCHES WILL BE INITIATED BY SENDER, RECEIVED AND REDISTRIBUTED/REINVESTED BY RECEIVER ACCORDING TO THE ABOVE PROCEDURE.
DEADLINE TO SUBMIT: Month of April 2026. If this article Post is used after April 30, 2026, then we will review and determine if we will continue offering this service.
