SCT09 - Multi-Currency Financial Operation

Support for operations across multiple currencies with exchange capabilities, enabling global financial services.

Overview

This capability enables your platform to operate across multiple currencies, providing foreign exchange services, multi-currency accounts, and international payment processing.

Features

Feature	Description
Multi-Currency Accounts	Hold balances in multiple currencies
Foreign Exchange	Real-time currency conversion
International Payments	Cross-border payment processing
FX Reporting	Currency conversion reporting
Exchange Rate Management	Competitive rate sourcing

Supported Currencies

Major Currencies

• USD, EUR, GBP, JPY, CHF, CAD, AUD, NZD

European Currencies

• SEK, NOK, DKK, PLN, CZK, HUF, RON, BGN

Asian Currencies

• CNY, HKD, SGD, INR, THB, MYR, IDR, PHP

Other Currencies

• AED, SAR, ZAR, BRL, MXN, and 100+ more

Configuration Options

Level	Currencies	Features
Basic	Major currencies only (8)	Standard FX rates
Standard	Extended (30+)	Competitive rates, FX reporting
Advanced	Global (100+)	Real-time FX, rate locking

Currency Conversion Flow

sequenceDiagram
    participant Customer
    participant Platform
    participant FX Engine
    participant Payment Rail
    
    Customer->>Platform: Request Transfer (EUR to USD)
    Platform->>FX Engine: Get Exchange Rate
    FX Engine->>Platform: Quote (1.0850)
    Platform->>Customer: Display Rate & Fees
    Customer->>Platform: Confirm
    Platform->>FX Engine: Lock Rate
    Platform->>Payment Rail: Process Transfer
    Payment Rail->>Platform: Confirmation
    Platform->>Customer: Transfer Complete

FX Rate Types

Type	Description	Use Case
Spot Rate	Current market rate	Immediate conversions
Locked Rate	Fixed rate for period	Large transactions
Forward Rate	Future date rate	Planned transfers

Multi-Currency Account Features

• Single Account, Multiple Currencies: Hold balances in different currencies
• Auto-Conversion: Automatic conversion for payments
• Currency Preference: Default currency settings
• Balance View: Unified or per-currency balance view

Integration with Other Capabilities

Capability	Integration
SCT03 - Country of Operation	Available currencies per country
SCT04 - Instant Payment	Cross-currency instant transfers
SCT12 - Financial Network	International payment rails

Subscription Tier Availability

Tier	Configuration Level
Starter	Not included
Professional	Standard
Enterprise	Advanced
Custom	Configurable