Counterparty Types, Assets & Supported Rails

Fiat Counterparties

Local Counterparties

Local fiat counterparties are used when customers want to do payments on local payment rails for a given jurisdiciton or country.

These counterparty types can also be sent payments using SWIFT if the source account being used is in FIAT_MAINNET_USD.

Counterparty Type Jurisdiction Primary Currency Supported Rails
FIAT_US 🇺🇸 United States USD (United States Dollar) FEDWIRE ACH SWIFT
FIAT_US_LINKED 🇺🇸 United States USD (United States Dollar) ACH
FIAT_EU 🇪🇺 Europe EUR (Euro) SEPA_CT SWIFT
FIAT_GB 🇬🇧 Great Britain (UK) GBP (Great British Pound) FPS CHAPS SWIFT
FIAT_IN 🇮🇳 India INR (Indian Rupee) IMPS SWIFT
FIAT_MX 🇲🇽 Mexico MXN (Mexican Peso) SPEI SWIFT
FIAT_AE 🇦🇪 United Arab Emirates AED (United Arab Emirates Dirham) UAEFTS SWIFT

Global Counterparties

Global fiat counterparties are used when customers want to make a SWIFT payment to a jurisdiction without an associated country specific counterparty type.

Counterparty Type Jurisdiction Supported Rails
FIAT_ACCNO 🌎 Jurisdictions that use Account Number to identify accounts SWIFT
FIAT_IBAN 🌎 Jurisdictions using IBAN to identify accounts SWIFT

Crypto Counterparties

Crypto counterparties are used when customers want to make a payments on a blockchain. Customers must provide an account_information.asset_type_id so payments are made with the correct asset and on the correct network.

Counterparty Type Jurisdiction Currency Asset Type Ids Supported Rails
CRYPTO 🌐 Crypto Assets Assets CRYPTO
© 2024 Rail. All Rights Reserved.