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Defence and security

Payments for defence and security businesses

International supplier payments, milestone receipts and foreign exchange for defence manufacturers, contractors, and security and training firms. We work with businesses that hold the export authorisations their trade requires.

In shortCCYFX makes international supplier payments and receives contract payments for defence manufacturers, contractors and security firms that hold the export and brokering permits their trade requires. Every party and destination is screened against Canadian and international sanctions and arms embargoes.

Why CCYFX

We understand export-controlled trade

Defence payments stall when a bank cannot see the authorisation behind them. We review the authorisation and the end-user documentation before a payment is made.

Permits

Authorisation-backed payments

Each payment matched to the relevant export or brokering permit and end-user documentation.

Contracts

Milestone payments

Receipts and payments against contract milestones, documented for your auditors.

Cross-border

Supplier payments

Payments to component manufacturers and subcontractors in several countries.

Compliance

Embargo and sanctions screening

Every party and destination screened against Canadian and international arms embargoes and sanctions.

Payment flows

Flows we support

Supplier and subcontractor payments

Payments to component suppliers and subcontractors abroad.

Contract receipts

Milestone payments received from government buyers and prime contractors.

Security and training services

Payments for licensed security, training and consulting services.

Example client

Illustrative, based on typical needs

A Canadian contractor with European suppliers

The contractor receives milestone payments in USD from a government prime contractor and pays component suppliers in Germany and the UK in EUR and GBP. Each payment is matched to the purchase order and the relevant export permit.

Onboarding

What we will ask for

Alongside our standard company documents and identification for directors and beneficial owners, we ask businesses in this sector for the following.

Authorisations

  • Export permits for controlled goods or technology
  • Brokering permits, where required
  • Registrations such as Canada’s Controlled Goods Program, where applicable

End use

  • End-user certificates or statements
  • Contract or purchase order behind each payment
  • Destination and end-user details for each transaction

Business

  • Description of products or services
  • Principal buyers and supply chain countries
  • Expected monthly volumes and currencies

What we do not accept

These limits protect our clients and our banking relationships.

  • Destinations under Canadian or UN arms embargoes
  • Trade without the required export or brokering permits
  • Sanctioned persons, entities or countries
  • Weapons sales to individuals
  • Unclear end use or risk of diversion
  • Weapons prohibited under Canadian law
Questions

Defence and security: common questions

What documents do you need for a defence payment?

Usually the contract or purchase order, the relevant export or brokering permit, and end-user documentation. We confirm what applies to your business during onboarding.

Do you serve security and training companies?

Yes, where they hold the licences their activity requires and pass our due diligence.

Which embargoes do you screen against?

Canadian sanctions and arms embargoes, United Nations Security Council measures and other major international sanctions lists.

Do you work with dual-use goods?

Yes, where the trade holds the required authorisations and the end use and end user are documented.

Open an account

Discuss your defence business with us

Apply online in about ten minutes. We will reply with the documents your structure requires and an indicative timeline for onboarding.

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