Using Multi-Currency Accounts

There are two types of Multi-Currency Account - Named Accounts and Standard Accounts. They both allow you to manage foreign currencies, supporting both incoming credits from your remitters and outgoing debits to your beneficiaries.

• Named Accounts—The Settlement Instructions display your business name and account number.
  
  
  

• Standard Accounts—The Settlement Instructions display Corpay's name and account number.
  
  

Paying into your Multi-Currency Account

There are a number of ways that you can add funds to your Multi-Currency Account:

• Use Spot Trade or Spot Limit Order to direct funds to your Multi-Currency Account.
  For more information, see Finishing a Spot Trade .
• Use the Make Payment feature to send a payment to your Multi-Currency Account.
  For more information, see Making a payment.
• Use Forward Trade or Forward Limit Order to send a payment to your Multi-Currency Account. For more information, see Drawing down against a Forward.

On the Make Payment or Payment Instructions page, click the Multi-Currency Account toggle, which is located above the Beneficiary field. When you toggle this option on, the field name changes to Multi-Currency Account.

Settling from your Multi-Currency Account

There are several ways to pay out of your Multi-Currency Account

• On the Make Payment page, choose your Multi-Currency Account from the Settlement Account dropdown list.
  
  

  Show me how

  

• When adding payment instructions to a deal, select your Multi-Currency Account from the Settlement Account dropdown list.
  
  

  Show me how

  

• When uploading a file, in the Full Payment file, enter C in column AN- Settlement Method.