BIS Innovation Hub
Nexus - Short ReportAbout the BIS Innovation Hub
  • Introduction
    • Nexus Overview
    • How to use this site
    • Overview Report
    • Terminology
  • Payment Setup
    • Key Points
    • Scope of Nexus payments
    • Steps 1-2: Country, Currency & Amount
    • Steps 3-6: Exchange Rates
    • Steps 7-9: Addressing, Proxy Resolution & Confirmation of Payee
    • Steps 10-11: Sanctions screening
    • Step 12: Ask the Sender for approval
    • Step 13-16: Set up and send the payment instruction
    • Step 17: Accept the confirmation and notify Sender
  • Addressing & Proxy Resolution
    • Key Points
    • Overview of Payment Addressing in Nexus
      • Addressing via Proxies (Aliases)
      • Addressing via Account Details
    • Address Types & Inputs
      • Address Types
      • Address Inputs
      • Financial Institution Identification
      • List of PSPs
      • Examples
    • Proxy & Account Resolution Process
      • Step 1: Sender inputs proxy or account details
      • Step 2: Proxy Resolution Messaging Sequence
      • Step 3: Account Resolution Messaging Sequence
      • Step 4: Source PSP processes the results
      • Masking of Display Names
    • Role of the Proxy Directory Operator (PDO)
      • Obligations on the Proxy Directory Operator
      • Obligations of PSPs using the Proxy Directory
      • Onboarding a Proxy Directory Operator onto Nexus
  • FX Provision
    • Key Points
    • Role of the FX Provider
    • How Third-Party FX provision works in Nexus
    • Joining Nexus as a third-party FXP
    • Accessing Instant Payment Systems
    • Onboarding PSPs
    • Obligations & Compliance
    • Revenue model for FXPs
    • Rates from Third-Party FX Providers
      • Improving rates for larger transactions
      • Improving rates for specific PSPs
    • Quotes
    • Managing Liquidity
  • Payment Processing
    • Key Points
    • Accounts & Relationships
    • Maximum value of a Nexus payment
    • Payment Flow (Happy Path)
      • Detailed Flow in Source Country (Sending)
      • Detailed Flow in Destination Country (Receiving)
      • Booking flow for Source PSPs
      • Notifying FXPs of completed payments
    • Validations, Duplicates & Fraud
    • Time critical vs non-time critical payments
    • Special Scenarios
    • Payment setup for PSPs who provide their own FX
    • Unsuccessful Payments (Exceptions)
      • Rejects
      • Recall Requests
      • Returns
      • Investigation & Enquiry
      • Disputes
      • Reconciliation reports
    • Fees
    • Role and responsibilities of the Instant Payment System Operator (IPSO)
    • Ensuring settlement certainty
    • Annex: 4-step vs 5-step Processes in Domestic Clearing and Settlement
    • Annex: Sponsoring PSPs and Sponsored Entities
  • Settlement Access Provision
    • Key Points
    • Role of the Settlement Access Provider (SAP)
    • Joining Nexus as an SAP
    • SAP onboarding of FXPs (or foreign PSPs)
    • Costs and Revenue for SAPs
    • Obligations on the SAP
    • Processing payments as an SAP
      • Payment Process for the Source SAP
      • Payment Process for the Destination SAP
      • How the Destination IPS initiates the payment via the Destination SAP
    • Managing Liquidity as an SAP
  • Messaging & Translation
    • Key Points
    • General Usage of ISO 20022
      • Adherence to CPMI Harmonised ISO 20022 Data Requirements
    • Compatibility with Instant Payments Plus (IP+)
    • Message transformation by Nexus
    • Specific Message Elements
    • Purpose Codes
    • Message Guidelines (Excel)
    • MESSAGE acmt.023 Identification Verification Request
    • MESSAGE acmt.024 Identification Verification Report
    • MESSAGE: pacs.008 FI to FI Customer Credit Transfer
      • pacs.008 Differences from CPMI Harmonisation Requirements
    • MESSAGE pacs.002 Payment Status Report
      • pacs.002 Differences from CPMI/CBPR+ Guidelines
    • MESSAGE: pacs.004 Payment Return (Not yet supported)
    • MESSAGE: camt.054 Bank to Customer Debit Credit Notification
    • Translation To/From Domestic Message Formats
    • Translating To/From ISO 20022 Codes
  • APIs
    • Overview
    • Countries
    • Currencies
    • Address Types and Inputs
    • Financial Institutions
    • Fees and Amounts
    • Intermediary Agents (SAPs)
    • Quotes
    • ISO 20022 Messages
  • About
    • Contact the Nexus Team
  • LEGAL
    • Terms and Conditions of Use
    • Privacy Notice
    • Cookies Notice
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  1. APIs

Fees and Amounts

PreviousFinancial InstitutionsNextIntermediary Agents (SAPs)

Last updated 1 month ago

For further information on the types of fees in Nexus, see Fees.



Get maximum payment amount for a specified Country

get

Returns the maximum payment amount for a specified country, based on the countryCode and currencyCode provided. (Currency code is required because some countries use 2 currencies in parallel.)

Path parameters
countryCodestringRequired

2-letter country code of the requested country.

Example: SG
currencyCodestringRequired

3-letter currency code.

Example: SGD
Responses
200
Successful response
application/json
404
Country not found
application/json
get
GET /countries/{countryCode}/currencies/{currencyCode}/max-amounts HTTP/1.1
Host: localhost:3000
Accept: */*
[
  {
    "clearingSystemId": "SGDFAST",
    "maxAmount": "200000"
  }
]

Get Fees and Interbank Settlement Amounts

get

Retrieves the various fees and amounts based on specified parameters. Information can be used in the pacs.008 payment instruction.

Path parameters
sourceCountrystringRequired

2-letter country code of the SOURCE country.

Example: SG
sourceCurrencystringRequired

The source currency code.

Example: SGD
destinationCountrystringRequired

2-letter country code of the DESTINATION country.

Example: MY
destinationCurrencystringRequired

The destination currency code.

Example: MYR
amountCurrencystringRequired

The currency of the specified amount.

Example: SGD
amountnumberRequired

The amount in the specified amount currency. If the amount is defined in the Source Currency, this amount must be the amount AFTER the Source PSP has made any deduction. (This is the Interbank Settlement Amount that must be transferred to the FXP's account at the Source SAP). If the amount is defined in the Destination Currency, this must be the Creditor Agent Amount that will be credited to the recipient's account.

Example: 100
exchangeRatenumberRequired

The exchange rate from the source to destination currency.This information must be taken from (a) a quote provided by Nexus, or (b) the Source PSP's own exchange rate (when the Source PSP manages their own FX.).

Example: 3.5
Responses
200
Successful response
application/json
get
GET /fees-and-amounts/{sourceCountry}/{sourceCurrency}/{destinationCountry}/{destinationCurrency}/{amountCurrency}/{amount}/{exchangeRate} HTTP/1.1
Host: localhost:3000
Accept: */*
200

Successful response

{
  "debtorAgent": {
    "interbankSettlementAmount": {
      "amount": 100,
      "currency": "SGD"
    },
    "nexusSchemeFee": {
      "amount": 0.5,
      "currency": "SGD"
    }
  },
  "creditorAgent": {
    "interbankSettlementAmount": {
      "amount": 350,
      "currency": "MYR"
    },
    "chargesAmount": {
      "amount": 2.24,
      "currency": "MYR"
    },
    "creditorAccountAmount": 347.76
  }
}

Get Nexus Scheme Fee Formula

get

Returns the Nexus Scheme Fee Formula (paid by the Source IPS to the Nexus Scheme) in a specified Source Currency, denominated in the Source Currency

Path parameters
countryCodestringRequired

The country code of the SOURCE Country.

Example: SG
currencyCodestringRequired

The 3-letter currency code

Example: SGD
Responses
200
Successful response
application/json
get
GET /fee-formulas/nexus-scheme-fee/{countryCode}/{currencyCode} HTTP/1.1
Host: localhost:3000
Accept: */*
200

Successful response

{
  "countryCode": "SG",
  "currency": "SGD",
  "nominalFeeAmount": "0.50",
  "percentageFeeAsRatio": 0.001
}

Get Creditor Agent Fee Formula

get

Returns the Creditor Agent (Destination PSP) Fee FORMULA for a specified Destination Country, denominated in the Destination Currency.

Path parameters
countryCodestringRequired

The 2-letter country code of the DESTINATION Country.

Example: MY
currencyCodestringRequired

The 3-letter currency code of the DESTINATION Country.

Example: MYR
Responses
200
Successful response
application/json
get
GET /fee-formulas/creditor-agent-fee/{countryCode}/{currencyCode} HTTP/1.1
Host: localhost:3000
Accept: */*
200

Successful response

{
  "countryCode": "MY",
  "nominalFee": {
    "amount": "2.22",
    "currency": "MYR"
  },
  "percentageFee": 0.1
}
  • GETGet maximum payment amount for a specified Country
  • GETGet Fees and Interbank Settlement Amounts
  • GETGet Nexus Scheme Fee Formula
  • GETGet Creditor Agent Fee Formula