For trade & commodity finance

Corridors where nobody wants a dollar, and both sides pay for one anyway.

EUR/TRY, AED/INR, PLN/GBP, ZAR/EUR — the pairs correspondent banking treats as exotic and routes through USD regardless, adding a spread and a day neither party asked for.

The problem

A USD leg you didn't ask for, on a route you didn't choose

Most banking rails don't hold a direct EUR/TRY or AED/INR book. So the payment gets converted to USD, then to the destination currency — two spreads instead of one, and a correspondent chain that can lose or delay the payment with no one clearly accountable.

What changes on Modality

01

Direct pairs, no USD leg

One spread, not two. If the pair exists on our 630-pair book, it settles direct — no synthetic dollar detour.

02

Rate quoted and held

See the rate before you commit to the trade, not after the correspondent chain finishes converting.

03

Same-day where the rail allows

No waiting on banking hours in two jurisdictions before the payment even starts moving.

04

No correspondent chain to lose it in

A payment on a correspondent chain can stall at any of three or four intermediary banks with no single party accountable. Direct settlement removes the chain.

Name your corridor.

EUR/TRY, AED/INR, PLN/GBP, ZAR/EUR, or one that isn't on this list — tell us the pair and we'll tell you honestly whether it's a fit.

Get a quote

FAQ

Questions from trade & commodity finance teams
Does Modality support EUR/TRY, AED/INR, PLN/GBP and similar corridors directly?

Where the pair exists on our 630-pair book, yes — it settles direct, without a synthetic USD leg.

Why does a payment on these corridors often cost two spreads instead of one?

Because most banking rails don't hold a direct book for pairs like these, so the payment converts into USD and then into the destination currency — two conversions instead of one.

Do we see the rate before committing to the trade?

Yes — the rate is quoted and held before you commit, rather than disclosed after the correspondent chain finishes converting.

What happens to a payment stuck in a correspondent chain?

On a correspondent chain, a payment can stall at any of three or four intermediary banks with no single party clearly accountable; direct settlement removes that chain entirely.