The payment is built before the money moves

An international settlements broker for companies and sole proprietors. Tell us your rate and we'll look for a lower one in our own agent network. The execution period is written into the agency agreement, and for a guarantee there is escrow at a Russian bank.

3 business days
execution period under the agency agreement

Estimate the minimum fee

The final fee and rate are fixed in the payment order

Currency
Direction
Fee rate
from 0.9%
Fee
from 225 USD
Amount incl. fee
from 25,225 USD

This is a minimum, not an offer or a rate lock. The final figure depends on the country, amount and the banks involved and is fixed in the payment order.

Request a quote

Our own network, not agents from the open market

Payments are executed by companies of our own network in the countries you need. This is our infrastructure: we work with them on an ongoing basis and make sure your payment reaches the recipient. For your payment we choose the network company whose route works now, compare the terms and put the deal together before you transfer your roubles. The broker's fee is paid by the executing company; you don't pay us separately.

Deal diagram: VEDmost selects the agent and monitors execution; under the usual scheme the roubles go to an agent from the pool, on request through escrow at a Russian bank; the agent pays the recipient in foreign currency; on request, for large volumes, a large exporter stands surety for the agentVEDmostdeal broker, not a party to the paymentagent selection, agreement, order, documents, execution controlselection and documentsagreement, payment order, execution controlYour companyroubles from a Russian bankEscrow on requestspecial account, Russian bankAgent from the poolpays in foreign currencyRecipientsupplier under the invoiceusual scheme: roubles to the agent under the agency agreementroublesafterexecutioncurrencyour own agent networkagentagentagentone chosen for your paymentSurety on requestbacked by a large exporterfor large volumesSub-agentif the recipient’s bank requiresonly with your consent
  1. VEDmostdeal broker, not a party to the payment: agent selection, agreement, payment order, documents, execution control
  2. Your companyroubles from a Russian bank
  3. Escrowon request, for an additional fee
  4. Agent from the poola company of our own network; pays the recipient in currency under a payment order. A sub-agent is engaged only if the recipient’s bank requires it, with your consent
  5. Suretyon request, for large volumes: a large exporter stands surety for the network company
  6. Recipientsupplier under the invoice
Usual scheme: you transfer roubles to a network company under the agency agreement, which sets the execution period.Escrow on request: the roubles wait in a special account at a Russian bank until execution, for an additional fee.

How a deal runs

Five steps from request to payment confirmation. The terms are written into the agency agreement and the payment order before your roubles are debited.

  1. Request

    Beneficiary's country, amount, currency, the invoice and the contract or bill, your company's and the beneficiary's details. We review the request before any documents are signed.

  2. Agreement and route

    We select a network company and a route and prepare the documents. You sign an agency agreement with that company, which sets the execution period, and a payment order: amount, exchange rate and fee. All of this before you transfer your roubles.

  3. Payment

    You transfer roubles to the network company from your account at a Russian bank. If you need a guarantee, they wait for execution in a special escrow account, for an additional fee.

  4. Payment order

    The agent sends the currency to the beneficiary under this payment order. A sub-agent is engaged only with your consent. The route does not change without a payment order.

  5. Execution

    We send you the payment confirmation, and a SWIFT confirmation on request. Then the completion certificate, the agent's report and the currency control package. The deal is not closed until the currency has been sent to the beneficiary.

Protection layers

Layers that apply to every deal or are added on request. Each one is written into the deal documents.

Escrow on request

If you need a guarantee, the payment goes through a special escrow account at a Russian bank: the roubles wait there until the agent sends the currency to the beneficiary and are released only upon execution. This scheme carries an additional fee, shown in the quote before the agreement.

  1. Roubles in escrowa special account at a Russian bank
  2. The agent sent the currencythere is a payment confirmation
  3. Escrow is closedin the agent's favour, only after execution

Execution period

The agent executes the payment within 3 business days: the period is written into the agency agreement.

Sub-agent only with your consent

If the beneficiary's bank accepts payment only from a specific payer, the agent engages a sub-agent. Only with your consent. Your agency agreement does not change.

Surety on request

For large volumes, on request, we assign an agent backed by a large exporter's surety; some companies in our network have one. It can be combined with escrow.

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How the payment is protected

Tell us your rate and we'll look for a lower one

Tell us the percentage you pay now or send us your current agent's documents. We'll review the options in our pool and, if we find one, make you an offer below your all-in cost. The all-in cost is more than the fee percentage: the FX markup and fixed charges are added to it.

feethe agent's percentage
FX markupBank of Russia or market rate plus a percentage
fixed chargestransfer, SWIFT, documents
all-in ratethis is what we compare
Compare my rateThe comparison is free. If we can't find a lower rate, we'll say so.

What we handle

  • Invoice paymentsPayment to a supplier of goods or services using the beneficiary's details.from 0.9%minimum fee
  • Import paymentsThe contract, invoice, route and fee are fixed before your roubles are debited.from 0.9%minimum fee
  • Repatriation of export proceedsYour foreign buyer pays in foreign currency, and you receive roubles in your account in Russia with a full set of documents.from 0.4%minimum fee
  • Complex paymentsA bank or agent has refused, a route has closed, proceeds are stuck abroad: we look for a lawful route in our pool.case by caseafter review

The final cost depends on the country, amount, beneficiary's bank and route. The final fee and exchange rate are fixed in the payment order before your roubles are debited.

Payment destinations

These are frequent destinations, not a complete list. If your country is not here, send us the beneficiary's details and we'll check the route before any documents are signed.

Documents

What we need from you

  • Invoice: currency, amount, payment purpose.
  • Contract or bill.
  • Beneficiary details: bank, SWIFT, account number.
  • Your company details sheet for the agency agreement.

What you keep

  • The agency agreement and the payment order.
  • Confirmation of the outgoing payment, and a SWIFT confirmation on request.
  • The agent's report and completion certificate.
  • A document set for currency control and accounting.

Documents we prepare for each deal

When we decline

If the subject of the payment, the country or the beneficiary does not pass our checks. If no lawful route can be built. If the documents do not support the deal.

We tell you before you transfer your roubles. We charge nothing for declining.

Questions

Who executes the foreign currency payment?

A company of our own network, under an agency agreement with you. It is not an agent from the open market: we work with it on an ongoing basis and see your payment through to execution. A sub-agent only with your consent, if the beneficiary's bank accepts payment only from a specific payer. You know before the deal starts who sends the currency: the agent or a sub-agent you have agreed to.

Where is the money before the payment?

With a network company under the agency agreement: it pays the beneficiary within the period set in the agreement. If you need a guarantee, the roubles wait for execution in a special escrow account at a Russian bank; this is on request and for an additional fee.

Do I need an account abroad?

No. You pay in roubles from your account at a Russian bank.

Why doesn't the calculator show a final rate?

It shows the minimum fee. The final rate depends on the country, amount, beneficiary's bank and route. We fix it in the payment order before the deal starts.

What exchange rate do you use?

We fix the rate in the payment order together with the fee before the deal starts.

Can you decline a payment?

Yes, if the subject of the payment, the country or the beneficiary does not pass our checks. We tell you before the deal starts and charge nothing.

All questions

Request a quote

Describe the payment. We'll reply with a proposed route and terms. We name the agent in advance, and the rate and fee go into the payment order before your roubles are debited.

Enter your name, 2 to 80 characters.

Enter the company name, 2 to 120 characters.

Enter a phone number, email or Telegram handle: at least one.

Select a currency.

Enter an approximate amount as a number greater than zero.

Enter the beneficiary's country, 2 to 60 characters.

Comment up to 1,000 characters.

This is not an offer: the rate and fee are fixed in the payment order before your roubles are debited.