Glossary
Glossary.
Short definitions, in plain English. Each links to a dedicated page with structured-data markup.
8 terms, covering how payments, FX and onboarding are described across this site and by providers generally.
Forward contract
Lock in an FX rate today for settlement on a future date.
Full definitionSpot rate
The exchange rate for a near-immediate currency conversion.
Full definitionFX exposure
The risk that a movement in exchange rates changes the value of a future cashflow.
Full definitionIBAN
International Bank Account Number — the standardised format for cross-border payments.
Full definitionSWIFT / BIC
The international code that identifies a bank in cross-border payments.
Full definitionKYC
Know Your Customer — the regulated due-diligence required to open an account.
Full definitionAML
Anti-Money Laundering — the regulatory framework that governs payment providers.
Full definitionExchange rate
The price of one currency expressed in another, and the basis of every conversion.
Full definition
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