FINANCIAL INSTITUTIONS AND PLATFORMS · BESPOKE BY PROFILE

Your clients keep the value the correspondent chain was taking.

Local settlement in five markets at a pre-agreed FX margin, with your reference intact and one approval chain across every currency. Then we write the boundary around it, so the flow you built your pricing on cannot be reinterpreted later.

Request institutional review Compliance and pricing pack →

WHERE A CHAIN TAKES IT · WHERE WE DO NOT

ILLUSTRATIVE · USD 1,000,000 CLIENT PAYOUT

CORRESPONDENT CHAINTwo intermediaries, undisclosed deductions

≈ 993,100

LOCAL RAIL SETTLEMENTOne rail, pre-agreed FX margin, full value

1,000,000

5Local Business Accounts. GBP, EUR, USD, AED, CAD.

180+Countries of USD SWIFT reach, 1 to 3 days.

24/7Instructions accepted with no cut-off.

1Approval chain and one named specialist across every currency.

Illustrative. Deductions on a correspondent chain vary by intermediary and are not disclosed in advance. Local rail settlement carries no intermediary deduction. FX at a pre-agreed FX margin recorded in your terms. Instructions are accepted 24/7 with no cut-off. Settlement follows the receiving rail's operating schedule.

Who this is for.

PICK A PROFILE · THE BOARD BELOW FOLLOWS

FXPSHOWN ON BOARD

FX firms and trading platforms

Settle client dealing on local rails at a fixed margin, so your quoted rate survives the payment leg.

DEALING PERMISSION REQUIREDOpen page →

REMSELECT

Remittance firms

Fund payouts 24/7 with no cut-off and full value landing, so the amount you quoted the sender is the amount delivered.

MSB OR PI LICENCE REQUIREDOpen page →

BNKSELECT

Banks and deposit-taking institutions

Reach five local markets without adding a correspondent leg, under one documented escalation protocol.

BANKING LICENCE REQUIREDOpen page →

CASPSELECT

Crypto-Asset Service Providers

Banked fiat legs that hold: operating, payroll and licensed counterparty settlement with an audit trail your regulator can follow.

LICENCE OR REGISTRATION REQUIREDOpen page →

PSPSELECT

PSPs and fintechs

Run merchant settlement and payout across five markets on one approval chain, with your reference on the merchant statement.

PI, EMI OR MSB REQUIREDOpen page →

Five gates decide the terms.

Same five gates for every profile. What changes is which one is decisive for you, and what the committee writes as a result.

ADMISSION BOARD · FX FIRMS AND TRADING PLATFORMS

AUTO CYCLING

WHAT THIS GATE ASKS

Which regulator authorises you, which permissions you hold, and whether those permissions cover the flow you intend to run through us. Unlicensed money transmission is declined here.

EVIDENCE ON FILE

LICENCE OR REGISTRATIONPERMISSION SCOPEREGULATOR STANDING

FXP AT THIS GATE · CLEARED

Dealing or arranging permission evidenced, with the entity that faces the client named on the licence.

COMMITTEE OUTCOME · FXP

OUTCOME: APPROVED BY PROFILE · CLIENT DEALING AND HEDGING NAMED IN TERMS · LIMITS BY CORRIDOR

Illustrative. Gate outcomes depend on your permissions, counterparty profile and jurisdictions. Unlicensed money transmission is declined at gate 01. Instructions are accepted 24/7 with no cut-off. Settlement follows the receiving rail's operating schedule.

PERMITTED USE ENVELOPE

Named flows in. Everything else declined at instruction.

The envelope is commercial before it is regulatory. Knowing exactly which flows are carried is what lets you price a product and keep the price.

Settlement of your own commercial and treasury flowPERMITTED

Payout funding into approved local railsPERMITTED

Client dealing and hedging legs named in termsPERMITTED

Merchant settlement for your own contracted merchantsPERMITTED

Onward provision of accounts to your clientsSEPARATE APPROVAL

Corridors outside the approved market listSEPARATE APPROVAL

Virtual asset settlement and on chain transferEXCLUDED

Pass through for unlicensed third partiesEXCLUDED

Own book speculation and proprietary position takingEXCLUDED

The account set an institution operates on.

REFERENCE

MARKET	CCY	RAILS	SETTLEMENT	PROOF
United Kingdom	GBP	FPS · CHAPS · BACS	Instant or same day	RAIL REFERENCE
Europe	EUR	SEPA · SEPA INST · TARGET2	Instant or same day	RAIL REFERENCE
United States	USD	ACH · FEDWIRE	Same day or 1 to 2 days	RAIL REFERENCE
United Arab Emirates	AED	UAEFTS · IPP	Instant or same day	RAIL REFERENCE
Canada	CAD	EFT · WIRE	Same day or 1 to 2 days	RAIL REFERENCE
180+ countries reach	USD	SWIFT	1 to 3 days	MT103 OR RAIL REFERENCE

Five Local Business Accounts. USD SWIFT to 180+ countries is reach, not an account. FX is executed at a pre-agreed FX margin set in your institutional terms.

Send us your permissions. We will tell you which flows we can carry, and what they cost.

Institutional relationships are priced bespoke by profile. A named specialist reviews your licence scope, funds model and corridors, and returns the permitted use envelope and the FX margin in writing before anything is signed.

Request institutional review Compliance and pricing pack →

INSTITUTIONAL QUESTIONS

Asked before committee review.

LAST REVIEWED · 6 August 2026OWNER · Compliance

Who can apply for an institutional relationship?Licensed entities only. Profiles we write terms for include FX firms and trading platforms, remittance firms, banks and deposit-taking institutions, Crypto-Asset Service Providers, and PSPs and fintechs. Unlicensed money transmission is declined at admission gate 01.

Is Institutional Membership the published Business or Treasury schedule?No. Institutional relationships are priced bespoke by profile. A named specialist returns the permitted use envelope and the FX margin in writing before anything is signed. Published Business and Treasury schedules are for non-institutional trade customers.

What is a permitted use envelope?Your terms list the flow types the account may carry. The envelope is set at admission and is enforced on the instruction, not discovered in a review months later. Flows outside the envelope are declined at instruction.

Do you guarantee instant settlement?Instructions are accepted 24/7 with no cut-off. Settlement follows the receiving rail's operating schedule. Local Business Accounts settle on their domestic rails; USD SWIFT reach is 1 to 3 days.

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