Mastercard Incorporated
SYSTEMS AND METHODS FOR FACILITATING NETWORK MESSAGING

Abstract:

Systems and methods are provided for facilitating network messaging. An example method includes receiving a request to transfer funds, in a first currency, from a sender institution in a first region to a beneficiary institution in a second region and verifying presence of the funds at a sponsor institution in the first region. The method also includes requesting a conversion quote from an FX provider for the funds in the first currency, receiving the conversion quote from the FX provider in a second currency, and adding an entry for the funds in the second currency to a ledger. The method further includes requesting, from a liquidity provider in the second region, a liquidity quote for the funds in the second currency, accepting the liquidity quote from the liquidity provider, and facilitating settlement between the sponsor institution in the first region, the FX provider, and the liquidity provider.