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Quotes are real-time exchange rates and settlement costs for a specific payment corridor. A quote includes the following key elements:
  • Exchange rate lock: The quote locks in an exchange rate for a specified time window, protecting both the OFI and the sender from market volatility during the payment process. When the time window expires, a new quote must be requested.
  • Two-way quotes: You may query the quote based on the source amount and the destination amount. For instance, if a customer holding USDC wants to pay a recipient in BRL and the recipient needs an accurate amount of BRL, you can query using the destination amount. If a quote is for a remittance use case, where the customer needs an accurate amount of USDC to send, you can query using the source amount.
  • Cost breakdown: The quote response includes details of all applicable fees, including fee and any additional charges at the transaction level, ensuring transparent cost estimation.
  • Competitive aggregation: By providing multiple quotes, CPN ensures that OFIs can choose the most competitive option based on price, speed, and compliance.