Deliverable FX
Complete deliverable FX service
Our deliverable FX offering is built for flexibility and control. Clients can access same-day payments, deliverable forward contracts, flexi-forwards/time options across a full range of currencies.
Our trading and support teams have extensive experience providing liquidity and physical settlement for money services businesses (MSBs) and payment service providers (PSPs).
Whether you’re hedging foreign currency linked to commodity flows, protecting committed cash flows, or managing large-scale corporate payments, we support currency risk management for corporations at every level. From tens of thousands to hundreds of millions of dollars, our deliverable FX trading and support teams deliver dependable execution and liquidity.
Contact usOur services
Our 24-hour service and dedicated deliverable FX and relationship managers ensure you can manage hedging foreign currency exposure round the clock.
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Competitive aggregated pricing
Across same-day FX, spot, forwards, swaps, and currency options – sourced from over 12 Tier 1 FX liquidity providers
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Real-time global payment processing
With continuous payment runs and seamless cross-border settlement. Payments include SWIFT, TARGET2, SEPA, and Faster Payments
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Efficient margin management
Including FX margin netting across tenors and pairs, with minimal collateral requirements for spot and currency forward contracts
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Streamlined operational integration
With customisable reporting tools for full visibility
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Flexible trading access
Including free API, intuitive GUI, voice execution, and an online portal to monitor live FX positions
FX hedging for corporates
We support currency risk management for corporations seeking to align cash flows, support large cross-border transactions, or manage exposure linked to commodity flows. Our approach scales from tens of thousands to hundreds of millions of dollars per trade.
Institutional-grade support
From structured FX transactions to physical settlement, we provide FX solutions for specific industries, including institutional partners who require dependable liquidity, risk tools, and execution performance.
FAQs
What is deliverable FX?
Deliverable FX refers to foreign exchange transactions where currencies are physically delivered on a specified value date.
Companies typically use deliverable FX to convert one currency into another to make cross-border payments – for example, exchanging British Pounds into US dollars to pay an overseas supplier. Some larger institutional providers, such as Sucden Financial, may also offer a same-day settlement service and a range of FX instruments to companies to manage their currency risk, including, spot, forwards, flexi-forwards, OTC options and swaps.
Who uses deliverable FX?
Deliverable FX is used by corporates, institutions, and financial intermediaries who need to make or receive payments in foreign currencies.
Money Service Businesses (MSBs), Payment Service Providers (PSPs), and other financial institutions also rely on trusted providers like Sucden Financial to offer deliverable FX services to their end clients.
What is a currency forward and how does it help manage FX risk?
A currency forward (or FX forward) locks in an exchange rate for a future date, helping businesses manage exposure to market fluctuations. It's a core component of effective corporate FX hedging, especially when future payments are denominated in foreign currencies.
What is a non-deliverable forward (NDF)?
A non-deliverable forward is a cash-settled contract used when physical currency delivery isn’t possible, often for illiquid or restricted currencies. Instead of exchanging currencies, the difference between the agreed rate and actual spot rate is settled in a convertible currency like USD. This is particularly relevant in emerging market deliverable FX scenarios.
What is FX netting and FX margin netting?
FX netting offsets open positions across currency pairs to show a client’s net exposure. FX margin netting allows clients to reduce collateral requirements by consolidating margin obligations across multiple trades — freeing up working capital and optimising efficiency in dynamic risk management strategies.
How does Sucden Financial support deliverable FX clients?
We offer:
- Aggregated, competitive pricing across all major FX products
- Real-time global payments including SWIFT, TARGET2, SEPA, and Faster Payments
- Minimal collateral requirements through FX margin netting
- Execution via voice, GUI, API, or portal
- A dedicated account manager for personalised support and performance optimisation
- Trusted onboarding experience with full authorisation and supervision by the UK’s Financial Conduct Authority
How do I open a Deliverable FX account with Sucden Financial?
Please call us on +44 (0) 20 3207 5660 or complete our enquiry form.
