It is a way for two companies in different countries to swap one currency for another quickly and without risk — so that both sides receive their money at the same moment. Below we explain it without the jargon.
Imagine swapping roubles for dirhams with someone on the other side of the world. The catch is trust: if you send your money first, there is no guarantee the other side will send theirs back. Normally a middleman solves this, but the money travels through a chain of banks and takes a day or two to arrive. dCLS is a reliable «automatic middleman»: it holds the money from both sides and releases the two amounts strictly at the same time. Either the whole swap happens, or nothing happens at all — there is no half-way.
An ordinary cross-border transfer travels through a chain of intermediary banks and arrives in one or two business days. For an urgent supplier payment that is a long time.
In the usual setup one side may pay first — and be left with nothing if the other side is late or backs out. That is exactly the risk dCLS removes: both sides receive their money at the very same moment.
A swap inside the platform takes seconds to minutes, not a day or two through intermediary banks.
The two amounts change hands at the same time, so neither side ends up worse off.
Roubles stay in a Russian bank, dirhams in a UAE bank. What changes hands is the rights to the money, not the cash itself — so the money never crosses the border.
Every swap is recorded and can be checked. No black boxes — you can see what happened and when.
No. dCLS does not sell anything and does not set the rate — it only carries out, reliably, the swap the two sides agreed on themselves.
No. The participants choose the rate themselves. Our job is to run the swap fairly and at the same time for both sides.
No. The money stays in a bank in your country. Only the rights to the amounts move between countries, not the cash itself.
The swap itself, inside the platform, is fast — seconds to minutes. But to start using it, a new company has to be checked (documents, source of funds), which takes a few business days. The service runs as a pilot (beta): we onboard participants gradually and do not promise «everything at once». We will share exact terms and timing when you join.
Here we have given you the gist in plain words. If you need the details — exactly how a swap is carried out, how mutual payments are calculated and which settlement modes exist — see the detailed explanation.
We will use a simple example to show whether dCLS fits your company. Email us: contact@4pay.online