Multi-currency Clearing
How money moves between banks and borders: settlement, correspondent banking and the rails behind every payment.
Latest from the Clearing Hub
How Money Transfer Platforms Can Mitigate Downtime Risks
Money transfer platforms holding a single banking line are exposed to that bank’s outages and to the bank closing the line, and UK rules now expect a plan for both.
The Global Race to Instant Payments
Instant, account-to-account schemes are settling record volumes and changing how money moves between people and businesses.
SettlementSettlement Delays Add Exchange Rate Risk to Your Payout
The rate applied is the one in force when a payment settles, so the length of the wait is itself a currency position.
Euro clearingLondon's Euro Clearing at Risk in Spat Over Internal Markets Bill
Why London's role in clearing euro transactions became a bargaining chip, and who else relies on it.
Currencies, costs and correspondent banks
Which currencies carry the world's payments, and what each step in the chain costs the sender.
London Remains Europe's Chinese Yuan (RMB) Clearing Centre
How London became Europe's largest offshore hub for clearing yuan payments with China and Hong Kong.
Payment currenciesNo, the Euro Hasn't Overtaken the Dollar in International Payments
Why SWIFT's headline payment shares can mislead, and what the cross-border data actually shows.
CostsInternational Payments: Understanding Bank Charges and Exchange Rate Spreads
Most of what a bank earns on a transfer sits in the exchange rate, not the fee.