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INSTITUTIONS·BNK·BANKS AND DEPOSIT-TAKING INSTITUTIONS

Five local markets of reach, without adding another correspondent leg.

Institution to institution settlement for your own commercial and treasury flow, on domestic rails with a documented escalation and reference protocol. Reach is granted market by market.

WHO THIS IS FOR · SWITCH PROFILE
FXPFX firms and trading platformsREMRemittance firmsBNKBanks and deposit-taking institutionsCASPCrypto-Asset Service ProvidersPSPPSPs and fintechs
WHAT YOU GAIN · BNK
ILLUSTRATIVE · USD 1,000,000 INSTITUTION SETTLEMENT
CORRESPONDENT CHAINAn extra chain leg costs value and adds a day
≈ 993,100
LOCAL RAIL SETTLEMENTDomestic rail in the destination market
1,000,000
5 marketsGBP, EUR, USD, AED and CAD under one approval chain.
180+Countries of USD SWIFT reach, 1 to 3 days.
DocumentedEscalation and reference protocol agreed on both sides.
Illustrative. Correspondent deductions 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.
FLOW OF FUNDS · BNK
AUTO CYCLING
AT INSTITUTION FUNDS

The relationship carries institution funds and settlement between institutions. No onward client money is held with us under this profile.

OWN FUNDS AND INSTITUTION SETTLEMENT
OFF ROUTE

Onward client balances held on behalf of your depositors are excluded.

Illustrative. The route above is the one written into institutional terms for this profile. Instructions are accepted 24/7 with no cut-off. Settlement follows the receiving rail's operating schedule.

Five gates, and the one that decides a bank.

DECIDED AT GATE 02
GATEWHAT WE ASK FORSTATUS
01 LICENCERegulator, permissions held, and whether they cover the flow you intend to run.CLEARED
02 JURISDICTIONWhere you are authorised, where your clients sit, and every market in the settlement chain.DECISIVE
03 FUNDS MODELWhose money moves. Own funds, safeguarded or segregated client funds, or institution settlement.CLEARED
04 PERMITTED USEThe named flow types written into terms, enforced on the instruction.CLEARED
05 COMMITTEEApproval by profile with conditions, limits, FX margin and a named specialist.TERMS SET
OUTCOME: APPROVED AS INSTITUTIONAL RELATIONSHIP · JURISDICTION CHAIN REVIEWED · ESCALATION DOCUMENTED
PERMITTED USE ENVELOPE

What this account may carry.

This is a settlement and reach relationship. The envelope states plainly that we are not a custodian of your depositors' money, which is what makes the approval fast to review internally.

Institution own funds settlementPERMITTED
Treasury flow across the five marketsPERMITTED
Settlement with other licensed institutionsPERMITTED
Additional markets and currenciesSEPARATE APPROVAL
Flow originated by your branch networkSEPARATE APPROVAL
Depositor client money held with usEXCLUDED
Any leg touching a restricted marketEXCLUDED
Virtual asset settlementEXCLUDED

Who owns an exception, and what pricing is written.

MEMBERSHIP
Institutional

Bespoke by profile. Priced against markets granted and settlement volume.

FX
Pre-agreed margin

Recorded in the relationship terms, reviewed on schedule not on demand.

ESCALATION
Documented protocol

Named contacts on both sides, with an agreed response path for holds.

REVIEW
Annual, plus on change

New markets, structure changes and supervisor changes reopen the file.

Institutional pricing is bespoke by profile. FX is executed at a pre-agreed FX margin recorded in your terms. Payment proof is an MT103 or rail reference depending on the rail used.

Give us the jurisdictions. We will confirm the reach we can grant.

Send your licence scope, funds model and corridor list. A named specialist returns the permitted use envelope, limits and the FX margin in writing before anything is signed.

Request institutional reviewCompliance and pricing pack →
BNK QUESTIONS

Asked on the a bank file.

LAST REVIEWED · 6 August 2026OWNER · Compliance
Is this a published retail membership for Banks and deposit-taking institutions?No. This profile is admitted under Institutional Membership. Pricing is bespoke. FX is executed at a pre-agreed FX margin recorded in your terms.
Which gate decides this profile?Gate 02 is decisive for Banks and deposit-taking institutions. Decisive gate. Home supervisor, branch network and every jurisdiction in the settlement chain are reviewed before reach is granted.
What happens to flows outside the envelope?This is a settlement and reach relationship. The envelope states plainly that we are not a custodian of your depositors' money, which is what makes the approval fast to review internally.
Do Local Business Accounts make Unicorn a deposit-taker for your customers?No. This profile is a settlement and reach relationship. Institution own funds and settlement between institutions are carried. Onward client money held on behalf of depositors is excluded.
GBP · EUR · USD · AED · CAD · APPLICATIONS OPEN GLOBALLY, SUBJECT TO APPROVAL
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