Octobank is scaling up services for companies engaged in foreign trade, centering operations on the global SWIFT network. The focus: smarter payment routing, disciplined FX liquidity, and robust trade-finance instruments—so international settlements become faster, clearer, and lower-risk.
Why now
Global payment flows are multi-rail: SWIFT transfers coexist with local instant rails, card networks, and marketplace gateways. In this landscape, a bank’s job is to design the settlement journey—currency, route, timing, documentation, and compliance—rather than simply transmit a payment.
What’s on offer
1) Cross-border payments via SWIFT
- Optimized correspondent-bank chains for target markets.
- Timeline control around cut-off times and clearing calendars.
- Settlement in USD, EUR, RMB and others, aligned with contract terms and supply needs.
2) FX liquidity & risk
- Spot FX in major currencies.
- Treasury-advised currency-risk solutions (including forwards where available and suitable), tailored to shipment and invoice schedules.
3) Trade finance to de-risk flows
- Letters of credit and bank guarantees to secure performance.
- Documentary collections (D/P, D/A) for recurring shipments.
- Precise document packs (B/L, invoices, certificates) to match counterparty and logistics requirements.
4) Compliance & FX control
- Upfront counterparty screening (sanctions, UBOs, geo-risk).
- Guidance on HS codes, contract terms, and supporting documents.
- Electronic document exchange with regulators to prevent processing delays.
5) Digital execution
- Corporate online banking with an end-to-end path: payment → FX → FX control → status tracking.
- API integrations (project-based connection) to automate payment and accounting workflows—without promising specific ERP connectors.
- Foreign-trade reporting by contract, counterparty, currency, and country.
What shapes the total cost
- Routing & correspondent count—each hop adds fees and time.
- Currency pair—direct quotes usually beat cross-rates via majors.
- Urgency—value date (T+0/T+1) and hitting cut-off windows affects speed and price.
- Compliance load—enhanced checks for complex jurisdictions add processing time.
Octobank’s role is to engineer the route and FX corridor upfront so clients pay for outcomes, not friction.
The takeaway
With SWIFT as a universal backbone, Octobank delivers a reliable payments perimeter, predictable unit economics, documentary protection, and digitized processing. The result: quicker cash cycles and confident expansion into new markets—with fewer operational and regulatory surprises.
