1. Cross Border Payments
  • Cobre Docs
    • Cobre Intro
      • Welcome
      • Get started
      • Products
        • Local Payments
          • Local Payments with Cobre
          • Payouts
            • Colombia
              • Money Movements with Bre-B
              • Money Movements with Cobre Fast Pay
            • Mexico
              • Money Movements with CLABEs and SPEI Cards
            • Multi-region
              • Money Movements Scheduler
          • Payins
            • Colombia
              • Checkout
              • Request to Pay (R2P)
              • Static Bre-B Keys
            • México
              • CLABE-backed Cobre Balances
              • Account Reference – Virtual CLABEs
          • Other feaures
            • Bulk Money Movements
            • Enabling Approval Workflows (Maker–Checker)
        • Cross Border Payments
          • Cross Border Payments with Cobre
        • Stablecoins
          • Global Payouts in Stablecoins
        • Connect
          • Connect bank accounts with Cobre
      • Other features
        • Account Verification
        • Notifications and subcriptions
        • Security at Cobre
        • Performance and throughput
    • Portal
      • Introduction & Quick Start
      • Authentication in Portal
      • Troubleshooting & Support
      • Movements
        • Local Money Movement
        • Unitary Payment Initiation
        • Bulk Money Movement Initiation
        • Approval Process (Maker-Checker)
        • Scheduler
        • Cross-Border Money Movements
        • Payment Links
      • Transactions
        • Transactions
      • Accounts
        • Account and Balance Management
      • Counterparties
        • Counterparties
      • Reports
        • Reports & Reconciliation
      • Settings
        • Users and Roles Management
        • Security and Control
      • Developers
        • Subscription management
    • Developers
      • API Guides
        • Quick Start
        • Authentication
        • Cobre Balances
          • Managing Cobre Balances
          • Account Linkeage
        • Connect Accounts
          • Managing Connect Accounts
        • Counterparties
          • Managing Counterparties
        • Local Payments
          • Money Movement
          • Payouts
            • Colombia
              • Fast Pay & ACH
              • Bre-B
            • Mexico
              • SPEI
            • Cross-Region
              • Bulk Money Movements
              • Bulk Money Movements Approval
              • Money Movement Scheduler
          • Payins
            • Colombia
              • Cobre Keys with Bre-B
              • Checkout
              • Direct Link
              • Direct Debit
            • Mexico
              • Account Reference – Virtual CLABEs
        • Cross Border Payments
          • Cross Border Payments
          • Create Fx Quotes
          • Create a Cross Boder Money Movement
          • Fund your global Cobre Balance
        • Cross Features
          • Reports
          • Report Scheduler
          • Evidence API
          • Account Verification
          • Notifications & Subscriptions
        • Error Handling
          • Error Dictionary
        • Testing
          • General Testing
          • Testing Cases
      • API Explorer
        • Authentication API
          • Authentication
        • Cobre Balances
          • Create a Cobre Balance
          • Obtain all Accounts
          • Obtain one Account
          • Update an Account
          • Close a Cobre Balance
          • Obtain one Account Transactions
          • Obtain one Transaction
          • Obtain all Client Transactions
          • Obtain Account Daily Balance History
          • Assign or Change Primary Account
          • Unlinking Primary Account
        • Connect Accounts
          • Connect an Account
          • Obtain one Connected Account
          • Obtain all Connected Accounts
          • Obtain one Transaction
          • Obtain all Account Transactions
          • Obtain all Client Transactions
          • Update an account
        • Account Verifications
          • Create an Account Verification
          • Obtail all Account Verifications
        • Account References
          • Create an Account Reference
          • List one Account Reference
          • List all Account References
          • Delete an Account References
        • Counterparties
          • Account Debit Registration
            • Register a Counterparty for Direct Debit
            • Obtain all Registrations
            • Obtain one Registration
          • Create a Counterparty
          • Obtain one Counterparty
          • Obtain all Counterparties
          • Delete a Counterparty
        • Money Movements
          • Create a Money Movement
          • Obtain one Money Movement
          • Obtain all Money Movements
          • Return a Money Movement
        • Money movement Approvals
          • Approve a Money Movement
          • List all Money Movement Approvals
        • Money Movement Scheduler
          • Create a Money Movement Scheduler
          • List all Money Movement Schedulers
          • Cancel an Active Scheduler
        • Bulk Money Movement
          • Create a Bulk Money Movement
          • List all Bulk Money Movements
          • List one Bulk Money Movement
        • Bulk Money Movement Approvals
          • Bulk Money Movements Decision
        • Cobre Keys
          • Create a Key
          • Obtain all Keys
          • Obtain one Key
          • Cancel a Key
          • Block or Reactivate Keys
        • Cross Border
          • Create a FX Quote
          • Obtain one FX Quote
          • Obtain all the FX Quotes
          • Create a Cross Border Money Movement
          • Obtain one Cross Border Money Movement
          • Obtain all the Cross Border Money Movements
        • Checkout
          • Create a Checkout
          • Obtain one Checkout
          • Obtain all Checkouts
          • Desactivate a Checkout
        • Evidence API
          • Evidence Requests
            • Obtain Evidence Request
            • Search Evidence Requests
          • Evidence Documents
            • Generate Upload Links
            • Generate Download Link
          • Evidence Information
            • Submit Evidence Information
        • Report Scheduler
          • Create a Report Scheduler
          • Obtain all Reports Schedulers
          • Delete a Report Scheduler
        • Reports
          • Create a Report
          • Obtain all Reports
          • Generate Download Link for Selected Reports
          • Create a Cobre Balance Statement
        • Notifications & Subscriptions
          • Subscribe to Events
          • Obtain all Subcriptions
          • Delete a Subscription
          • List all Available Events
      • Platform Catalogs
        • Mexican Bank Codes
        • Colombian Bank Codes
        • Transaction Types
        • Account Providers
      • Reports Layout
        • Money Movements Layout
          • All Money Movements (CSV)
          • All Money Movements (JSON)
          • SPEI Money Movements (CSV)
          • LEGACY Money Movements (CSV)
        • Transactions Layout
          • All Transactions (CSV)
          • All Transactions (JSON)
          • Cobre Balance Statement (PDF)
        • Counterparties Layout
          • All Counterparties (CSV)
        • Multicash Layout
          • Multicash Header (TXT)
          • Multicash Detail (TXT)
      • Testing APIs
        • Create a Transaction Adjustment
        • Change a Money Movement Status
        • Transaction Adjustment (QA)
        • Change Money Movement Status (QA)
    • Schemas
      • Counterparties
        • RequestBodies
          • Counterparty-request
        • Colombia
          • PayOut
            • Counterparty | Create Metadata Type CC (CO)
            • Counterparty | Response Metadata Type CC (CO)
            • Counterparty | Create Metadata Type CH (CO)
            • Counterparty | Response Metadata Type CH (CO)
            • Counterparty | Create Metadata Type DP (CO)
            • Counterparty | Response Metadata Type DP (CO)
            • Counterparty | Create Metadata Type Breb Key (CO)
            • Counterparty | Response Metadata Type Breb Key (CO)
            • Counterparty | Create Metadata Type Cobre Balance (CO)
            • Counterparty | Response Metadata Type Cobre Balance (CO)
          • PayIn
            • Counterparty | Create Metadata Type r2p (CO)
            • Counterparty | Response Metadata Type r2p (CO)
            • Counterparty | Create Metadata Type r2p Breb (CO)
            • Counterparty | Response Metadata Type r2p Breb (CO)
          • Secondary Counterparty
            • Secondary Counterparty Create Request (CO)
            • Secondary Counterparty Create Response (CO)
            • Secondary Counterparty Create Metadata Type NP (CO)
            • Secondary Counterparty Response Metadata Type NP (CO)
            • Secondary Counterparty Request Metadata Type LE
            • Secondary Counterparty Response Metadata Type LE (CO)
          • Direct Debit
            • Direct Debit Registration | Create
            • Direct Debit Registration | Response
            • Direct Debit Registration | List All Items
          • Counterparty | Create Request (CO)
          • Counterparty | Create Response (CO)
        • Mexico
          • PayOut
            • Counterparty | Create Metadata Type Clabe (MX)
            • Counterparty | Response Metadata Type Clabe (MX)
            • Counterparty | Create Metadata Type SPEI Card (MX)
            • Counterparty | Response Metadata Type SPEI Card (MX)
          • Counterparty | Create Request (MX)
          • Counterparty | Create Response (MX)
        • Global
        • Counterparty | List All Items
        • MEX Money Movement Return
      • Transactions
        • Global
          • Transaction | Debit Cross Border
          • Transaction | Credit Cross Border
        • Colombia
          • Debit
            • Transaction | Debit FI (CO) (col_debit)
            • Transaction | Debit Cobre Balance (CO)
            • Transaction | Debit Breb (CO) (breb_debit)
          • Credit
            • Transaction | Credit Direct Debit (CO) (dd_credit)
            • Transaction | Rejected Breb (breb_rejected)
            • Transaction | Credit Top Up (CO) (col_top_up_credit)
            • Transaction | Credit FI (CO) (col_credit)
            • Transaction | Credit Cobre Balance (CO) (col_cb_credit)
            • Transaction | Credit Breb (CO) (breb_credit)
            • Transaction | Credit r2p (r2p_credit)
            • Transaction | Credit r2p Breb (CO) (r2p_breb_credit)
          • Transaction | Connect Obtain (CO)
          • Transaction | Cobre Balance Obtain (CO)
        • Mexico
          • Debit
            • Transaction | Debit FI (MX) (mex_debit)
            • Transaction | Debit SPEI (MX) (spei_debit)
            • Transaction | Debit Internal SPEI (MX)
          • Credit
            • Transaction | Credit FI (MX)
            • Transaction | Credit SPEI (MX)
            • Transaction | Credit Internal SPEI (MX)
          • Transaction | Connect Obtain (MX)
          • Transaction | Cobre Balance Obtain (MX)
          • Transaction | Return SPEI (MX)
        • Transactions | Connect List All Items
        • Transactions | Cobre Balance List All Items
        • Transaction | Debit Misc
        • Transaction | Credit Misc
        • Transaction | Adjustment Debit
        • Transaction | Adjustment Credit
      • Authentication
        • Authentication | Request
        • Authentication | Response
      • Cobre Keys
        • Colombia
          • Cobre Key | Create Request
          • Cobre Key | Create Response
          • Cobre Key | Obtain Response
          • Cobre Key | Reactive Request
      • Money Movements
        • Approvals
          • Money Movement Approvals | Create Request
          • Money Movement Approvals | Create Response
          • Money Movement Approvals | List All Items
        • Mexico
          • PayOut
            • Money Movement | Create Metadata Type SPEI
            • Money Movement | Response Metadata Type SPEI
          • Return
            • Money Movement Return | Create Request
            • Money Movement Return | Response Medatada Type SPEI
            • Money Movement Return | Create Response
        • Colombia
          • PayOut
            • Money Movement | Create Metadata Type Fast Pay
            • Money Movement | Response Metadata Type Fast Pay
            • Money Movement | Create Metadata Type ACH
            • Money Movement | Response Metadata Type ACH
            • Money Movement | Create Metadata Type Breb
            • Money Movement | Response Metadata Type ACH
          • PayIn
            • Money Movement Direct Link | Create Metadata Rail PSE
            • Money Movement Direct Link | Response Metadata Rail PSE
            • Money Movement Direct Link | Response Metadata Rail Bancolombia
            • Money Movement Direct Link | Response Metadata Rail Nequi
            • Money Movement Direct Link | Create Metadata Rail r2p Breb
            • Money Movement Direct Link | Response Metadata Rail r2p Breb
          • Direct Debit
            • Money Movement Direct Debit | Create Metadata
            • Money Movement Direct Debit | Response Metadata
        • Money Movement | Create Response
        • Money Movement | List All Items
      • Accounts
        • Account Verification
          • Mexico
            • Account Verification Create Metadata Type mex_acc_details_1
            • Account Verification Response Metadata Type mex_acc_details_1
            • Account Verification Create Request
            • Account Verification Create Response
            • Account Verification Create Metadata Type mex_acc_ownership_1
            • Account Verification Response Metadata Type mex_acc_ownership_1
            • Account Verifications List All Items
          • Colombia
            • Account Verification Response Metadata Type col_key_details_1
            • Account Verification Create Metadata Type col_key_details_1
            • Account Verification Create Metadata Type col_key_ownership_1
            • Account Verification Response Metadata Type col_key_ownership_1
        • Account References
          • Account References Request
          • Account Reference Response
          • List all account references
        • Cobre Balances
          • Mexico
            • Cobre Balance | Create Metadata (MX)
            • Cobre Balance | Create Response (MX)
          • Colombia
            • Cobre Balance | Create Metadata (CO)
            • Cobre Balance | Create Response (CO)
          • Global
            • Cobre Balance | Create Metadata (Global)
            • Cobre Balance | Create Response (Global)
          • Cobre Balance | Create Request
          • Cobre Balances | List All Items
          • Account_request_PATCH
          • Account_request_CONNECT_PATCH
        • Daily Balance
          • Daily Balance Obtain Response
          • Daily Balance Historiy List All Items
        • Account Connect
          • Mexico
            • Account Conect | Create Metadata (MX)
            • Account Connect | Response Metadata (MX)
          • Colombia
            • Account Conect | Create Metadata (CO)
            • Account Connect | Response Metadata (CO)
          • Account Connect | Create Request
          • Accounts Connect | List All Items
      • Bulk Money Movement
        • Bulk Money Movement | Obtain Response
        • Bulk Money Movement Decision | Create Request
        • Bulk Money Movements | List All Items
      • Money Movement Scheduler
        • Money Movement Scheduler | Create Request
        • Money Movement Scheduler | Create Response
        • Money Movement Scheduler | List All Items
      • Checkout
        • Colombia
          • Checkout | Create Request
          • Checkout | Create Response
          • Checkout | List All Items
          • Checkout | Delete
      • Notifications
        • Subscription | Create Request
        • Subscription | Create Response
        • Subscription | List All Items
        • Subscribable Events | List All Items
        • Subscribable Events | Metadata
      • Evidence Request
        • Schemas
          • Error
          • Evidence Request
          • Document Type
          • Evidence Id
          • Upload Intent
          • Evidence Request Id
          • Evidence Request Status
          • Information Type
          • Information
          • Evidence
          • Information Status
          • Document
          • Document Status
          • Headers
        • RequestBodies
          • UploadIntentRequest
      • Cross Border
        • Cross Border Money Movement
          • Cross Border Money Movement Create Request
          • Cross Border Money Movement Create Response
          • Cross Border Money Movement Obtain Response
          • Cross Border Money Movements List All Items
        • FX Quote
          • FX Static Quote
            • FX Quote Static | Create Request
            • FX Quote Static | Create Response
          • FX Rolling Quote
            • FX Quote Rolling | Create Request
            • FX Quote Rolling | Create Response
          • FX Quote | Create Request
          • FX Quote | List All Items
          • FX Quote | Metadata Quote Tiers
          • FX Quote | Metadata Penalization Tier
          • FX Quote | Metadata Fees Breakdown
      • Reports
        • Download
          • Report Download Create Request
          • Report Download Create Response
        • Reports Create Request
        • Reports Create Response
        • Reportes Create Metadata
        • Request Body Reports
        • Reports List All Items
        • Reports Object
      • Error Model
        • Error-model
      • Report Scheduler
        • Report Schedulers | Create Request
        • Report Schedulers | Create Response
  1. Cross Border Payments

Cross Border Payments with Cobre

International Transfers with FX — Overview#

Cross Border Money Movements (CBMM) at Cobre enable businesses to move money between countries while converting currencies, using a unified, auditable, and controlled model. Through this capability, companies can send or receive funds across borders, manage foreign exchange transparently, and operate international flows using the same platform they use for local payments.
Cobre abstracts the complexity of international payments and FX into a single, consistent financial operation.

1. What Cobre Enables with Cross Border Money Movements#

With Cross Border Money Movements, Cobre allows businesses to:
Move money between countries
Convert funds between different currencies (FX)
Operate international flows using local and global Cobre Balances
Access clear FX quotes with defined rates, spreads, and fees
Track cross-border transfers with full transactional visibility
Reconcile international activity using standardized reports
Cross Border Money Movements are a core extension of Cobre’s local money movement platform.

2. Cross Border Money Movements in the Cobre Model#

A Cross Border Money Movement always involves:
Two countries
Two currencies
Foreign exchange (FX)
Two Cobre Balances
Conceptually, the flow operates between:
A local Cobre Balance (origin or destination), and
A global Cobre Balance in the corresponding currency.
Each cross-border transfer is a single operation that internally produces two complementary effects:
An outgoing flow (debit) in the origin currency
An incoming flow (credit) in the destination currency
This duality ensures that funds truly move across borders and currencies.
Local Payments Payouts can be used in order to deliver converted funds from a local cobre balance to a bank account in Colombia or Mexico

3. FX as a Core Component#

Foreign exchange is always present in a Cross Border Money Movement.

What Cobre Enables with FX:#

Generation of FX quotes before execution
Visibility into:
Origin amount
Estimated destination amount
Applied exchange rate
Spread and fees
Time-bound quotes to ensure pricing certainty
This allows businesses to understand the economic outcome of a transfer before executing it.

4. Supported Currencies and Corridors#

Cobre supports Cross Border Money Movements across multiple currenciy pairs, including:
🇺🇸 USD
🇨🇴 COP
🇲🇽 MXN
🇵🇪 PEN
🇨🇱 CLP
Available currency pairs:
USD/COP
USD/MXN
USD/PEN
USD/CLP
This enables regional and international use cases such as:
LATAM-to-US transfers
US-to-LATAM funding flows
Multi-country treasury operations
Availability depends on corridor configuration, but the operational model remains consistent.
Other currency pairs are also available through OTC operation for exchage of equivalent currencies in other regions like Europe and China Mainland / Hong Kong.
USDt and USDc on/off-ramp is also supported and their balances are linked to USD Global Cobre Balances.

5. Funding & Liquidity Considerations#

Before a Cross Border Money Movement can be executed:
The origin Cobre Balance must have sufficient funds
In the case of global balances (e.g. USD), funding may require coordination or prefunding
From a business perspective, this ensures:
Predictable execution
No partial settlements
Clear liquidity management
Cobre enforces funding validation as part of execution integrity. Alternatively, Cobre offers a Rate Lock feature to allow clients lock a rate and provide the funding later - See 12.2 FX Rate Lock

6. Settlement & Finality#

Settlement is the moment when:
Funds are converted
The destination amount is credited
The movement is completed
Once settled:
The destination balance reflects the converted amount
The cross-border operation is final
Transactions are available for reconciliation
Settlement completes the international transfer lifecycle.

7. Transactions, Reporting & Reconciliation#

Each Cross Border Money Movement generates Transactions, which:
Reflect debits and credits on the involved Cobre Balances
Capture FX-related details
Appear in transaction lists and balance statements
Are included in cross-border and standard reporting layouts
This ensures that international activity is fully auditable and aligned with accounting needs.

8. Governance, Controls & Auditability#

Cross Border Money Movements benefit from the same enterprise-grade controls as other Cobre operations:
Role-based permissions
Optional approval workflows (maker–checker)
Full audit trails covering:
Quote creation
Execution
Settlement
This makes cross-border flows suitable for regulated and enterprise environments.

9. Cross Border vs Local Money Movements#

From a capability standpoint:
Local Money Movements
Single country
Single currency
No FX
Cross Border Money Movements
Two countries
Two currencies
FX always involved
Both share:
The same Cobre Balance model
The same transaction and reporting framework
Cross Border simply extends the model internationally.

10. Typical Business Use Cases#

Cross Border Money Movements at Cobre are well suited for:
International treasury operations
Funding local subsidiaries
Cross-border supplier payments
Marketplace international settlements
FX-aware cash management
They allow businesses to scale internationally without building custom FX or banking integrations.

11. Summary — What Cobre Delivers with Cross Border Money Movements#

With Cross Border Money Movements, Cobre enables:
International money transfers
Transparent FX conversion
Unified local and global balance management
Full transaction visibility and reconciliation
Enterprise-grade controls and auditability
Cobre abstracts the operational and FX complexity of international payments and delivers Cross Border Money Movements as a reliable, scalable, and transparent global money movement capability.

12. Advanced Features of Cross Border Money Movements at Cobre#

Beyond enabling international transfers and FX conversion, Cobre offers a set of advanced Cross Border features designed to solve real operational, regulatory, and liquidity challenges faced by enterprises, fintechs, and treasury teams.

12.1 Cross Border Payments 24/7 (CBP 24/7)#

Cobre enables 24/7 Cross Border operations, allowing clients to execute international payments at any time, not only during FX market hours.

Key Capabilities#

Automatic settlement when sufficient funds and limits are available
Ability to operate outside market hours (off-market)
Continued access through Portal or API without time restrictions
When operating off-market, spreads may adjust dynamically depending on volumes and conditions, enabling continuous availability while managing FX risk.

Business Value#

Always-on international operations
No dependency on market schedules
Improved operational flexibility for global teams

12.2 FX Rate Lock#

FX Rate Lock allows clients to close a cross-border operation without immediate funding, providing flexibility for businesses that cannot pre-fund every transaction.

What This Enables#

Locking an FX rate before funds are sent
Configurable funding windows (e.g., hours)
Progressive spreads depending on how long funding takes
Penalty spreads if funding deadlines are missed
Clients can choose between:
Spot Rate: requires immediate funding
Rate Lock: allows delayed funding with controlled pricing

Business Value#

Greater flexibility for enterprise and fintech clients
Reduced friction when pre-funding is not possible
Support for 24/7 operations with controlled FX exposure

12.3 Stablecoin funding#

Cobre supports stablecoin-based funding for Cross Border operations through a self-custodial wallet model, enabling modern, blockchain-based liquidity flows.

What Cobre Enables#

Dedicated wallets per client and per network
Support for USDT and USDC
Automatic crediting to a Global Cobre Balance (USD)
Immediate visibility of funds once received
Automatic sweeping to secure wallets
Wallets are legally owned by the client but operationally managed by Cobre to simplify usage and security.

Business Value#

Fast and efficient funding
No complex blockchain integrations required
Transparency via on-chain transaction hashes
Centralized stablecoin liquidity management

13. How These Features Enhance Cross Border Money Movements#

Together, these features allow Cobre to deliver:
Regulatory simplification for trade-driven companies
Always-on international payments
Flexible FX execution models
Modern stablecoin funding rails
Enterprise-grade operational control
They transform Cross Border Money Movements from a simple international transfer into a comprehensive global treasury and FX platform.
Modified at 2026-01-08 22:25:19
Previous
Enabling Approval Workflows (Maker–Checker)
Next
Global Payouts in Stablecoins
Built with