Supplier payments
Payments to overseas manufacturers and suppliers.
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Import and export
Foreign exchange and payments for cross-border trade
Pay overseas suppliers and receive from buyers in their currency. Each conversion is confirmed in writing, and the documents banks expect are held against every payment.
In shortCCYFX helps importers and exporters pay overseas suppliers and receive payment from overseas buyers in foreign currency, with rates confirmed in writing and invoices or contracts held against each payment.
Why CCYFX
Trade payments, properly documented
Trade payments stall when a bank cannot match them to the underlying goods. We collect the paperwork before the payment is made.
Pricing
Rates confirmed in writing
Know your landed cost before you pay. Every conversion is confirmed in writing.
Records
Trade documents on file
Invoices, contracts and shipping documents held against each payment.
Screening
Known suppliers
Regular suppliers verified once and screened before every payment.
Contact
Named dealer
One contact who knows your supply chain and payment calendar.
Payment flows
Flows we support
Receipts from buyers
Payments received from overseas buyers and converted as you require.
Freight and logistics
Payments to freight forwarders, shipping lines and customs agents.
Example client
Illustrative, based on typical needs
A Vancouver importer buying from Asia and Europe
The importer pays suppliers in Hong Kong and China in USD and suppliers in Italy in EUR, converting from CAD at rates confirmed in writing, with invoices and shipping documents held against each payment.
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.
Trade
- Sample invoices from your main suppliers
- Main buyer and supplier countries
- Description of the goods traded
Controls
- Export licences, where goods are controlled
- How you screen your counterparties against sanctions lists
- Shipping documents for large payments
Financial
- Latest financial statements
- Bank statements for the funding account
- Expected monthly volumes by currency
What we do not accept
These limits protect our clients and our banking relationships.
- Trade with sanctioned countries or parties
- Controlled goods without export licences
- Trade-based money laundering indicators, such as mispriced invoices
- Payments to parties unconnected with the trade
- Shell companies with no trading history
- Unexplained third-party funding
Questions
Import and export: common questions
Do you need an invoice for every payment?
For supplier payments, yes, or an equivalent document such as a contract or purchase order. It allows us, and the receiving bank, to match the payment to the underlying trade.
Can I lock in a rate for a future payment?
We provide spot foreign exchange only. We do not offer forward contracts or other derivatives.
Which currencies can I pay in?
EUR, USD, GBP, CHF, CAD and other major currencies. Please ask about regional currencies.
How do I add a new supplier?
Send us the supplier’s details and a recent invoice. We verify and screen the supplier before the first payment.
Other industries
Licensed gaming
iGaming
Licensed operators, platform and game suppliers, and affiliates.
Regulated brokerage
CFD and FX brokers
Regulated brokers, introducing brokers and their liquidity relationships.
Age-verified content
Adult entertainment
Platforms, studios and creator businesses with verified age and consent controls.
Open an account
Discuss your trade payments with us
Apply online in about ten minutes. We will reply with the documents your structure requires and an indicative timeline for onboarding.