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Due Diligence FAQs

What provisions should be in place for cash transfers?

Cash transfer policies are an essential consideration in ODD. A manager’s cash transfer policy should require at least two approved signatories to authorize a cash transfer from the fund’s accounts to third parties. A minimum of two signatories, ideally from segregated functions, helps prevent unauthorized cash transfers.

Further, cash transfers should require the administrator (where relevant) to countersign or separately approve any cash movement, so as to provide an additional layer of independence.

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