INSTITUTIONAL MEMBERSHIP · BESPOKE
Priced with the desk, not from a table.
For banks and deposit taking institutions, MSBs and FMSBs, remittance firms, foreign exchange firms and trading platforms, and CFD brokers. Pricing, capabilities and controls are structured case by case, and approval is enhanced. There is no published rate because there is no standard shape to this business.
MEMBERSHIPBESPOKE
FX MARGINCUSTOM, BY PAIR AND VOLUME
MOVEMENT FEESSTRUCTURED WITH THE DESK
TREASURY SUPPORTNAMED SPECIALIST AND CONSULTATION
APPROVALENHANCED
CONSULTATION AND ENHANCED APPROVAL ARE REQUIRED BEFORE ANY CAPABILITY IS CONFIRMED.
What Institutional covers.
EVERY LINE IS AGREED BEFORE IT IS PRICEDThe five accountsGBP, EUR, USD, AED and CAD capabilities, structured against your flow and your counterparties.STRUCTURED
FX pricingSet by pair, volume and settlement pattern rather than a single published margin.CUSTOM
Movement pricingPay in, payout, SWIFT and correspondent treatment agreed as one schedule.CUSTOM
Named specialistOne person owns exceptions, plus a standing consultation on structure and corridors.INCLUDED
Payment evidenceMT103 or rail reference on every settled payment, with reporting agreed at onboarding.INCLUDED
Enhanced due diligenceSource of funds, flow of funds, counterparty and programme review before any capability opens.REQUIRED
Ongoing reviewProgramme and pricing reviewed on a defined cycle rather than only at renewal.INCLUDED
WHO IS PRICED AS INSTITUTIONAL
INSTITUTIONRegulated financial institutionsWhere the flow is on behalf of an underlying client base and the review has to reach through it.
PAYMENT BUSINESSPayment and platform businessesAggregated flows, many counterparties, and a settlement pattern that does not fit a standard band.
COMPLEX FLOWProgrammes with unusual structureMultiple entities, multiple jurisdictions, or a payment purpose that needs a bespoke control set.
HOW PRICING IS SET
There is no calculator for this.
INPUT 01Pair mixWhich currencies convert, in which direction, and how often.
INPUT 02Settlement patternPayment sizes, frequency, and the split between local rails and USD SWIFT.
INPUT 03Counterparty profileWho pays you, who you pay, and the jurisdictions on both sides.
INPUT 04Control requirementsReporting, approvals, evidence and the review cycle your programme needs.
NO PUBLISHED RATE APPLIES. THE SCHEDULE IS AGREED IN WRITING AFTER CONSULTATION AND BEFORE ANY CAPABILITY OPENS.
FEE SCHEDULE
MembershipBESPOKEAgreed in writing as part of the programme schedule.
BillingSTRUCTUREDMonthly or annual, set with the desk at onboarding.
Core FX marginCUSTOMSet by pair, volume and settlement pattern. Published rates start at 0.10%.
AED FX marginCUSTOMReflects the AED rail and its documentation requirements. Published rate is 0.15%.
GBP movementsGREATER OF GBP 5 OR 0.05%Per movement, incoming or outgoing, on Faster Payments and CHAPS.
EUR movementsGREATER OF EUR 5 OR 0.05%Per movement on SEPA and SEPA Instant.
USD movementsGREATER OF USD 35 OR 0.05%Per movement on ACH and Fedwire.
AED movementsGREATER OF AED 20 OR 0.08%Per movement on UAEFTS and IPP.
USD SWIFT movementsGREATER OF USD 35 OR 0.05%Reach to 180+ countries, settling 1 to 3 days.
CAD paymentsAT COSTPassed through with no uplift until the provider schedule is confirmed.
Recalls, investigations and returnsAT COSTTold to you before they are incurred, with no uplift added.
SWITCHING AND RENEWAL
ENTRYConsultation first. The programme and control set are agreed before pricing is issued.
MOVING DOWNWhere the programme simplifies, the desk moves you onto a published membership at renewal.
REVIEW TRIGGERA material change in volume, corridors, pairs or risk profile, and at each renewal.
WHO DECIDESMembership choice is yours. Account capability and transaction approval remain ours.
INSTITUTIONAL QUESTIONS
Regulated financial institutions, payment businesses and platforms that move on behalf of their own clients, plus businesses whose own trade volume has outgrown a published schedule. Flow pattern, onboarding of your end clients and reporting obligations all change the arrangement, so the schedule is structured with the desk rather than read off a page. Jurisdiction is open globally within the prohibited list, which differs by currency: USD adds Puerto Rico, AED permits Kazakhstan and Puerto Rico for domestic service only, EUR runs a closed SEPA supported list.
Start with a conversation, not an application.
Membership choice is yours. Account capabilities, currency pairs and transaction pricing remain subject to approval.