01
FINTRAC · Foreign Exchange Dealing
Streaming, multi-corridor FX execution.
Transparent, margin-priced execution across major and selected minor currency pairs — for treasury, payables, and settlement desks that need size without slippage.
Coverage · 28 pairs
Settlement · T+0 / T+1
Indicative book · streaming
LIVE
PAIRBIDASKCHG24H
USD/CAD1.37421.3746▲ 0.0021
EUR/USD1.08211.0823▼ 0.0014
GBP/USD1.26341.2638▲ 0.0042
USD/CHF0.89120.8916▼ 0.0008
EUR/CAD1.48711.4877▲ 0.0033
AUD/USD0.65210.6525▲ 0.0012
Source · Zemoon aggregated liquidity — indicative onlyRFQ available for size > 500k
Execution model
Spot
Tight two-way pricing with transparent, pre-quoted margins — no hidden spreads.
Forward
Outright forwards up to 12 months for hedging receivables and payables.
Block
RFQ-based execution for tickets above CAD 500k with dedicated dealer desk.
Algo
VWAP and time-weighted execution for corporate treasury programmes.
28
currency pairs
T+0
same-day settlement
24/5
dealer coverage
02
FINTRAC · Money Transferring
Cross-border payouts, screened end to end.
Beneficiary-screened, fully compliant money movement across 60+ corridors — routed over SWIFT, SEPA, Faster Payments and local rails depending on speed and cost.
Corridors · 60+
Rails · SWIFT · SEPA · local
Screening · OFAC · UN · EU
Transaction lifecycle
§ 01
Instruction
Client submits payment request with beneficiary details via API or portal.
§ 02
Screen
OFAC, UN and EU sanctions + PEP screening runs within 400ms.
§ 03
Price
Corridor selected automatically by lowest total cost vs. SLA.
§ 04
Execute
Funds debited from end-user account; rail-specific instruction emitted.
§ 05
Confirm
Webhook + reconciliation file delivered on beneficiary credit.
Sample corridors
last 24h · anonymised
Toronto, CA→Shenzhen, CN
CAD → CNY · SWIFT + CIPS
2h
Vancouver, CA→Frankfurt, DE
CAD → EUR · SEPA Instant
10s
Montréal, CA→Mumbai, IN
CAD → INR · Local · IMPS
30m
Calgary, CA→São Paulo, BR
CAD → BRL · SWIFT + PIX
1h
Toronto, CA→London, UK
CAD → GBP · Faster Payments
20s
60+
corridors
400ms
screen latency
99.4%
first-pass straight-through
04
Bank of Canada · Payment Service Provider
Four retail payment activities, one authorised perimeter.
Zemoon is registered with the Bank of Canada as a Payment Service Provider and is authorised to perform the four retail payment activities defined under the Retail Payment Activities Act.
Regulator · Bank of Canada
Status · Active
Frame · RPAA 2023
§ 01
RPA-01
EFT initiation
Initiation of electronic funds transfers at the request of an end user.
§ 02
RPA-02
EFT authorization
Authorization, transmission, reception and facilitation of EFT instructions.
§ 03
RPA-03
Clearing & settlement
Interbank clearing and settlement of retail payment transactions.
§ 04
RPA-04
Account maintenance
Provision and maintenance of end-user payment accounts.
Operational risk
ISO 27001-aligned controls · 99.95% availability target · incident reporting within regulatory windows
Oversight
Annual Bank of Canada PSP return · independent compliance review · ongoing RPAA framework reporting.
05
Bank of Canada · RPA-03
Clearing and settlement, netted and final.
A continuous clearing engine with intraday netting cycles — so counterparty exposure is squared before settlement windows close, and operational capital is freed up by the end of every cycle.
Cycles/day · 6
Finality · RTGS · T+0
Netting · Multilateral
Settlement cycle · five stages
§ 01
Capture
Inbound EFT instructions captured and timestamped at micro-second precision.
§ 02
Match
Bilateral matching against counterparty instructions within the cycle window.
§ 03
Net
Multilateral netting across all matched obligations per currency.
§ 04
Settle
Final settlement over central-bank RTGS or partner rails.
§ 05
Reconcile
Position files + reconciliation reports emitted to all participants.
6
Cycles per business day
Continuous intraday netting
T+0
Settlement finality
Same-day for CAD · BRL · EUR · IDR
99.95%
Engine availability
Measured over trailing 90 days
0
Commingled funds
Segregated at banks
What clearing unlocks
01
Capital efficiency
Multilateral netting compresses gross exposure — typically by 70–85% — before funds leave the operational ledger.
02
Finality
Once a cycle settles over RTGS, obligations are extinguished. No unwinds, no unwound trades.
03
Exposure control
Real-time position limits per counterparty, currency and cycle prevent over-extension intraday.
04
Operational clarity
One reconciliation file per cycle — not per transaction — for treasury and audit teams.