Cross Border Payments at Cobre enable businesses to pay in local currencies while Cobre receive your foreing currencies. Through this capability, companies can operate international flows using the same platform they use for local payments.
1. What Cobre Enables with Cross Border Money Movements#
With Cross Border Money Movements, Cobre allows businesses to:
Exchange funds with Cobre between different currencies
Operate international flows using local and global Cobre Balances
Access clear quotes to sell currencies to Cobre with defined rates, spreads, and fees
Track cross-border operations with full transactional visibility
Reconcile activity using standardized reports
Cross Border Payments are a core extension of Cobre’s local money movement platform.
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 - The funds Cobre is buying
An incoming flow (credit) in the destination currency - The funds Cobre is paying on behalf of the client
This duality ensures that funds can be seen as if they were actually moving across borders and currencies.
Cross-Border vs Local Delivery
Local Payments Payouts can be used in order to provide the instruction to deliver funds equivalent in local currency from a local cobre balance to a bank account in Colombia or MexicoCross-Border Payments in Cobre are responsible for foreign currency selling to Cobre.Local delivery of funds (e.g. COP payouts in Colombia) must be executed using Cobre Local Payments products.A complete USD → COP/MXN → Local Bank account flow requires both:
A Cross-Border Payment to convert and fund COP
A Local Payment to deliver COP to the final recipient
3. Currency selling to Cobre - Exchange rate equivalent as a Core Component#
What Cobre Enables with currency selling to Cobre - Exchange rate equivalent:#
Generation of quotes before execution
Visibility into:
Origin amount
Estimated destination amount
Applied exchange rate
Spread and fees
Time-bound quotes to ensure pricing certainty (Rate Locks)
This allows businesses to understand the economic outcome of an operation before executing it.
Cobre supports Cross Border Payments across multiple currency pairs, including:
🇺🇸 USD
🇨🇴 COP
🇲🇽 MXN
🇵🇪 PEN
Available currency pairs:
USD/COP
USD/MXN
USD/PEN
USD/EUR
USD/CNY
This enables regional and international use cases such as:
LATAM-to-US payments
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 exchange of equivalent currencies in other regions like Europe and Mainland China / Hong Kong.
USDt and USDc on/off-ramp is also supported and their balances are linked to USD Global Cobre Balances.
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
Cross Border Payments at Cobre are well suited for:
International treasury operations
Funding local subsidiaries
Cross-border supplier payments
Marketplace international settlements
Cross Border-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 operations Transparent currency exchange Unified local and global balance management Full transaction visibility and reconciliation Enterprise-grade controls and auditabilityCobre abstracts the operational and exchange complexity of international payments and delivers Cross Border Payments as a reliable, scalable, and transparent global money movement capability.
12. Advanced Features of Cross Border Payments 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.
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.
FX Rate Lock allows clients to guarantee the FX rate linked to a cross-border operation without immediate funding, providing flexibility for businesses that cannot pre-fund every transaction.
Greater flexibility for enterprise and fintech clients Reduced friction when pre-funding is not possible Support for 24/7 operations with controlled FX exposure
Fast and efficient funding No complex blockchain integrations required Transparency via on-chain transaction hashes Centralized stablecoin liquidity management
Cobre offers a short-term overdraft facility that enables clients to execute FX transactions before funding them. Clients operate within a pre-approved credit limit. Clients can draw down funds to complete FX transactions while remaining within their approved credit limit. As the overdraft facility is repaid, the limit becomes available again — subject to continuous eligibility and monitoring.
This feature enables clients to execute FX transactions immediately without the need to pre-fund.
The overdraft facility can only be used by clients to fund FX transactions through Cobre
A clients’ proposed use case, quality of collateral and credit worthiness will determine credit limits and pricing
Clients may borrow exclusively to fund the purchase leg of an FX trade, in the same currency they would otherwise use to pay Cobre (the “sell” or “source” currency)
Outstanding principal is repaid at the expiration of the term of the loan
Interest expenses are repaid at the end of the billing cycle
Interest is calculated on a daily basis based on each drawdown request
Pricing is based on the client’s credit risk tier
This feature is subject to a credit risk assessment process to determine eligibility
Timely execution of cross-border FX operations Improved liquidity management and capital efficiency Support for higher transaction volumes and variable FX demand
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 Payments from a simple international transfer into a comprehensive global treasury and FX platform.
