What’s New
We’re introducing an access-based approval flow for FX payments and conversions.
Based on their access, users can now either:
create and approve an FX payment or conversion in a single step, or
pre-create only and leave for further approval and processing
Who This Feature Is For
This feature is designed for clients using access-based operational controls, particularly teams with separate TRANSACT and APPROVE/ADMIN responsibilities.
How It Works
The new workflow is aligned with user access permissions:
Users with APPROVE or ADMIN access can create and approve FX payments and conversions immediately.
Users with TRANSACT access can initiate transactions but cannot approve them. An initiated conversion or FX payment will remain in an INITIALISING state until it has expired or is reviewed and approved by a user with APPROVE or ADMIN access.
Straight-Through Processing (STP)
When creating a new FX payment or conversion, users will see an STP checkbox in the confirmation modal.
If enabled
The FX rate displayed in the confirmation modal is locked in and applied to the transaction.
The payment/conversion is submitted for immediate processing without further manual intervention.
If disabled
The FX rate shown during creation is indicative only.
The payment/conversion is created in an INITIALISING state for later approval.
When the transaction is approved, the FX rate will be refreshed with a new live quote for the approver to review and accept before processing.
Screenshots
STP checkbox in the payment confirmation screen (at creation time)
STP checkbox in the conversion confirmation screen (at creation time)
Pending approval conversion view
Pending approval payment view