Canonical: https://unicorncurrencies.com/features/rate-locks/

# Capability: Rate Context Before Payment

## Summary

A quoted rate is only useful when finance can see it in context: currency pair, payable amount, payment purpose, route, and the time available to review before instruction.



Built for businesses with £1M+ equivalent annual FX exposure and recurring international supplier, customer, or treasury payment flows.

## Capability flow

- **Commercial context set:** Invoice, supplier, currency, amount, and purpose are linked to the FX decision.

- **Rate reviewed:** Finance reviews executable context before conversion or pay-out.

- **Decision window used:** The business uses the available review window before confirming the instruction.

- **Instruction prepared:** Conversion or pay-out is prepared with references and approvals in place.

- **Record kept:** Rate context and payment outcome remain easier to explain after execution.

## Workflow

- **Payable or purpose identified:** The FX decision is tied to a supplier, invoice, or treasury need.

- **Rate context reviewed:** Finance reviews currency pair, amount, and route context before execution.

- **Decision confirmed:** The business confirms conversion or pay-out within the available review process.

- **Payment instructed:** Funds move through the supported route with required references and proof.

- **Outcome recorded:** Rate context and payment evidence are kept for reconciliation and audit.

## Timing and availability factors

- currency and corridor

- route and provider arrangement

- jurisdiction and account type

- sender or beneficiary bank handling

- compliance or document review

- banking cut-off times and holidays

- accuracy of references, invoices, and beneficiary details