Managing Liquidity
FX Providers need to manage their liquidity to ensure that payments from their Destination Liquidity Provider (or from their own Destination IPS account if they are a member) can always be made.
To assist them to manage this liquidity, FX Providers will be informed of pending payments that are likely to be made through them. Specifically, when a Sender proceeds to enter an account number or alias and triggers the Account Validation process, the FX Provider will be informed of the value of the payment. When a Sender has reached this stage in the process, it is likely they will proceed with the payment, so this update provides useful information to the Liquidity Provider. (In contrast, when the Sender has only selected the Destination Country, they may only be checking current rates, so it is less likely that they will proceed to make the payment.)
Last modified 2mo ago
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