IMPIMPORTERS · SUPPLIER SETTLEMENT WITHOUT DEDUCTIONS

Your supplier should receive the invoice amount. Not the invoice amount minus a chain.

Importers lose value inside the correspondent chain and time waiting for a deposit to appear. Local rails in your supplier's own market remove both. Here is the full cycle, payment by payment.

USD→CNYEUR→TRYGBP→INRUSD→VND5 LOCAL ACCOUNTS

Apply to onboard Compliance and pricing pack →

TRADE CYCLE CONSOLE · IMPORTERSAUTO CYCLING

STEP 01

Purchase order issued

Terms, currency and incoterms are fixed here. The currency on the order decides which account funds the payment and whether an FX margin applies at all.

RAILNONE

MONEYNO MOVEMENT

PROOF PRODUCEDSIGNED PO

IF IT GOES WRONG HERE

A currency named on the order that you do not hold means an unplanned conversion later. Your specialist prices the pair before the order is signed.

RAIL REFERENCE

The corridors this profile runs.

CORRIDORRAILTYPICAL USE

USD→CNYLOCAL RAIL · BY CORRIDORRecurring supplier settlement where short payments hold the next release.

EUR→TRYLOCAL RAIL · BY CORRIDORRecurring supplier settlement where short payments hold the next release.

GBP→INRLOCAL RAIL · BY CORRIDORRecurring supplier settlement where short payments hold the next release.

Sectors in this profile.

10 SECTORS

Coffee ImportersREAD →Commodity ImportersREAD →Food & Beverage ImportREAD →Jewelry & Precious MetalsREAD →Leather Goods ImportREAD →Luxury Goods TradingREAD →Pharmaceutical & Medical SuppliesREAD →Seafood ImportREAD →Textile & Garment TradingREAD →Wine & Spirits ImportREAD →

Where this profile usually lands.

Compare all four tiers →

BUSINESSUSD 100 / moUSD 250K to 800K BUSINESS PLUSUSD 300 / moUSD 800K to 1.33M TREASURYUSD 500 / moUSD 1.33M and above INSTITUTIONALBy structureBanks, MSBs and FMSBs, remittance and FX firms, CFD brokers

Most importers running two corridors and a weekly payment run sit on Business Plus. Annual billing covers twelve months for the price of ten.

What we ask this profile for.

STEP 01 · ON APPLICATIONEntity and ownershipIncorporation documents, directors and beneficial owners with identification.

STEP 02 · WITH SPECIALISTTrade profilePrincipal suppliers or buyers, countries, expected annual volume and currency pairs.

STEP 03 · WITH SPECIALISTSupporting documentsSample purchase orders, commercial invoices and bills of lading from recent shipments.

STEP 04 · AFTER APPROVALAccounts openedLocal Business Accounts issued in the currencies your counterparties invoice or pay in.

IMPORTERS QUESTIONS

Asked on this profile.

Can we pay a supplier who only accepts a domestic transfer in their own country?That is the point of a Local Business Account. Where we hold the rail, the payment arrives as a domestic transfer with your reference on it.

What happens when a supplier says the payment is short?Treasury identifies where the deduction was taken against the instructed amount and reconciles the difference. You get the rail reference to send back to them.

Do you hold funds between the deposit and the balance payment?Yes. Funds sit in your Local Business Account until you instruct. Balances are safeguarded and are not deposits, so they are not covered by deposit insurance.

Is there a cut-off for sending a payment?Instructions are accepted 24/7 with no cut-off. Settlement follows the receiving rail's operating schedule.

Other profiles.

All industries →

EXP · Exporters WHL · Wholesalers and distributors MFG · Manufacturers FRT · Freight and logistics

Send us one cycle. We will show you where the value leaves it.

Applications open to businesses moving $1M or more a year. A named specialist reviews your corridors and counterparties before accounts are issued.

Apply to onboard Compliance and pricing pack →