Finteum and Partior Connect for Intraday FX Swaps

Following a proof-of-concept project, Finteum and Partior, along with Adhara, have announced their platforms are now fully interoperable, enabling banks to trade intraday FX swaps and orchestrate 24/7 PvP settlement.

The recent PoC saw the three firms demonstrate intraday FX swap trades negotiated on Finteum and automatically settled on a payment vs payment basis via Partior’s network, with Adhara DC Commander supporting treasury and FX operations and integration capabilities.

The firms claim the PoC, “proves that the offering delivers immediate value for banks that seek to actively manage their intraday liquidity with zero settlement risk exposure”, adding, “the ability to instantly mobilise excess or access additional liquidity – on an intraday rather than overnight basis – is becoming a critical tool to address both structural and market-driven liquidity challenges”.

While banks trade on the Finteum platform, Partior provides the crucial element of synchronised settlement to manage Herstatt risk. Adhara’s DC Commander product enables banks to automate intraday settlement without requiring significant changes to their core infrastructure – offering a plug-and-play approach for treasury operations and FX workflows.

“[This] project creates an alternative to our current non-PvP settlement of intraday FX swap trades across banks’ existing access to real-time gross settlement systems and nostros,” explains Brian Nolan, co-founder and CEO of Finteum. “Banks that are focused on the future state of balance sheet and liquidity management are prioritising real-time digital PvP settlement solutions.”

Humphrey Valenbreder, CEO of Partior, notes that “The demand for instant, 24/7 liquidity is driving a fundamental shift in banking,”, while Peter Munnings, co-founder and COO of Adhara, says, “Intraday liquidity is fast becoming the new frontier in global treasury and FX operations.”