# Counterparty Types, Assets & Supported Rails

Counterparty type = account location, not currency
`counterparty_type` identifies the **geographic location of the counterparty's bank account**. It does not indicate the currency of the transaction. To specify the destination currency, set `asset_type_id` on the counterparty. See [Asset Type Id (Currency)](/guides/counterparties#asset-type-id-currency) for details.

# 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` `NFT` `UP` `SWIFT` |
| `FIAT_MX` | 🇲🇽 Mexico | MXN (Mexican Peso) | `SPEI` `SWIFT` |
| `FIAT_AE` | 🇦🇪 United Arab Emirates | AED (United Arab Emirates Dirham) | `UAEFTS` `SWIFT` |
| `FIAT_CA` | 🇨🇦 Canada | CAD (Canadian Dollar) | `SWIFT` `EFT` |
| `FIAT_BS` | 🇧🇸 Bahamas | BSD (Bahamian Dollar) | `ACH` `SWIFT` |
| `FIAT_CN` | 🇨🇳 China | CNY (Chinese Yuan) | `SWIFT` |
| `FIAT_HK` | 🇭🇰 Hong Kong | HKD (Hong Kong Dollar) | `SWIFT` |
| `FIAT_JP` | 🇯🇵 Japan | JPY (Japanese Yen) | `SWIFT` |
| `FIAT_MY` | 🇲🇾 Malaysia | MYR (Malaysian Ringgit) | `SWIFT` |
| `FIAT_PA` | 🇵🇦 Panama | USD (US Dollar) | `SWIFT` |
| `FIAT_SG` | 🇸🇬 Singapore | SGD (Singapore Dollar) | `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](/guides/assets) | [Assets](/guides/assets) | `CRYPTO` |