Recovering 52 days of lost interest a year.

Whenever IPPF held surplus cash, its only practical option was fixed bank deposits, offering predetermined rates with limited flexibility, and early withdrawal that was operationally difficult, often punitive, and required negotiation with relationship banks.

This created compounding problems: concentration risk from placing excess liquidity with a small number of banks, forecasting risk from committing cash to fixed tenors against uncertain cashflows, liquidity risk from funds locked away when unexpected needs arose, and a persistent opportunity cost from cash earning suboptimal returns simply to stay accessible.

Meanwhile, the centrally cleared repo market, one of Europe's deepest, most liquid wholesale funding markets, remained out of reach, since participation required legal, operational, and technological infrastructure that didn't make sense for a non-bank institution to build.

One+ gave IPPF next-day access to centrally cleared repo through TreasurySpring's existing platform, with no additional onboarding or documentation.

Backed by ECB-eligible High Quality Liquid Assets and settled through GC Pooling (operated by Eurex Clearing and Clearstream), One+ delivered wholesale-level security and transparency through a single, intuitive portal, with all legal and operational complexity absorbed behind the platform.

IPPF's weekly Tuesday payment run used to mean withdrawing its full invested balance on Tuesday morning and reinvesting on Wednesday, losing a day of interest every week, or roughly 52 days a year, despite only needing a portion of that cash for payments.

With One+, IPPF now invests 100% of its available cash, withdraws only what Tuesday's payments require, and keeps the remainder invested and earning, closing a recurring structural inefficiency and materially increasing annual returns without increasing risk. IPPF can also select the highest available rates across approved issuers within its treasury policy, diversify across sectors and counterparties, invest across multiple durations, and track everything through real-time reporting.