To book a FX Transaction with an existing beneficiary

For clients who already have existing beneficiary stored in their account. 

This will display the rate of the chosen currency pairing. 

 and enter in the currency pairing (base and counter) with counter currency amount. 

To create a transaction, API requires a currency pairing with at least 1 beneficiary assigned. 

 by entering the currency pair (sell currency and buy currency) along with the buy currency amount. In the same sequence, include the  beneficiary ID of the buy currency, enter in the value date and re-confirm the buy currency amount. 

 and enter in the currency code of your buy amount eg USD. The search result will provide a list of beneficiaries associated to the currency code. Enter this ID as the beneficiary ID in the 

Once all the details are entered, a transaction quote will be generated shown in  'created' status. You will find the deal ID under transaction (highlighted below).

All transactions marked as 'created' will need to be confirmed. Once confirmed, the transaction becomes a binding payment agreement. 

 it will require 'ID' highlighted in above in Step 2 and placed in the call sequence. The transaction status will change from 'created' to 'pending payment'.

After confirming the transaction, it must be verified that all payments are fully allocated to it (

). This ensures that the total buy currency amount is completely covered by the payments. Once this step is completed, payments can no longer be edited, and the transaction details are finalised. At this point, the transaction status will change from 'pending payment' to 'open', indicating that it is now awaiting payment.

Bank details (BSB and Account Number) are provided in the transaction confirmation response.

FX Transaction with Beneficiary payout (1:1 Sequence)