FX and Pricing
Every currency pair the desk converts, and what it charges. Each direction is a corridor with its own spread, fee, per-payment cap and daily cap, and you can pause or halt any corridor at any time.
Updated 08 Nov 20261 min read
Required permissions: Manage FX and pricing (FX_MANAGE).
#The page
- Tiles: Converted today · Quoting · Near daily cap · Payments today.
- Corridors: a card per corridor with its rate, charge, status and how much of today's cap is used. A corridor is "near" its cap at 85 percent.
- Reference prices opens the market prices every rate is built from. See Pricing.
#Adding a corridor
- Select New corridor.
- Choose Paid in and Paid out from your registered assets.
- Set the Spread, Fee, Per-payment cap and Daily cap. The daily cap must be at least the per-payment cap.
- Select Create and activate, or tick Start paused and select Create paused.
#A corridor's page
- Reference and Charge (spread plus fee) in the header, with a chart of the rate and today's use.
- Today: Used today, Left today, By the reset, and Largest single payment ("Anything larger is refused"), with a stream of what settled, was held or refused, and every change.
- Pricing and limits: Spread, Fee, Skew, Largest single payment and Daily limit. Select Edit to change them, then Save changes.
#Pausing, halting and resuming
| Action | Effect |
|---|---|
| Pause | No new quotes. Payments already in flight settle. |
| Halt | New payments are refused straight away, and payments already in progress are refunded. Give a reason, shown in today's activity. |
| Resume | Back to Active, from paused or halted. |
Compliance can also pause a corridor. Every change is recorded in the audit log.
#Daily caps
Daily caps reset at midnight in the workspace's timezone.
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