Improving rates for specific PSPs

This page relates only to third-party FX Providers.

For Source PSPs that provide their own FX, a different process applies. See Payment setup for PSPs who provide their own FXfor details.

PSP-based improvements

FX Providers may also want to offer improved rates to specific PSPs. In Nexus this works as follows:

• An FXP may define the PSPs to which it wishes to offer improved rates

• For each PSP, the FXP may define how much the base rate must be improved, in basis points.

• This improvements applies to all quotes issued to that PSP by the FXP, for all currencies.

It is not possible for an FXP to set different PSP-based improvements for different currencies.

• When a Source PSP calls the GET /quotes API, Nexus will review the table of relationships between FXPs and PSPs, and extract any relevant preferential rates for that PSP.

• Nexus will then apply the relevant improvement to the FXP's base rate.

• An FXP may choose not to set any PSP-based improvements. If no PSP-based improvement is set for a specific PSP, the base rate will apply.

PSP-based improvements only need to be set once by the FXP, and will continue to apply for that FXP until the FXP updates or deletes the tiers.

TABLE: Example PSP-based improvements

FXP Id	PSP Id	IMPROVEMENT in basis points (applied to the base rate in the FXP’s quote)
FXP-A	PSP-C	25
FXP-A	PSP-D	50
FXP-B	PSP-D	30