Skip to main content

Fx Management Capabilities

Overview:​

The NIUM platform enables currency conversion at:

  • Market Spot rate
  • Locked rates

The currency credits may be converted:

  • At Bulk
  • Per Transaction level

FX Rate Benchmark:​

  1. NIUM streams rates from Reuters service 24x7
  2. The refresh cycle of the rates is every 15mins
  3. The rates may be accessed from the Web Interface(Currency Exchange Section) and API Integration (Get Fx Rates API)

FX Trade Reporting:​

Every currency conversion done on NIUM's platform is recorded into the system. The system has the following details pertaining to the conversion:

  1. Transaction for which the conversion took place
  2. Fx rate used for a conversion
  3. Market Fx rate (Reuters rate)
  4. Fx margin levied

The data may be accessed via:

  1. Client Dashboard (Currency Exchange)
  2. Per conversion information check via the Get Book Fx API