5% margin
Lock in your exchange rate with just 5% of the amount through our network of regulated partners. The rest remains available for your business.
Forward Rate Lock
Lock in an exchange rate for up to 180 days.
Protect your business from exchange rate fluctuations. Ideal for companies that import, export, or have cash flows in different currencies.
Book a DemoForward Rate Lock transactions are enabled through a third-party provider and, where applicable, are executed by EFEX Inc. in accordance with applicable U.S. law. See terms and conditions.
Up to 180 days
Plan your annual budget with a fixed exchange rate from today. Say goodbye to surprises at month-end.
Same day
You receive your pesos on the same day the Forward Rate Lock is settled, without waiting for additional business days.
Volatility
Protect yourself against volatility when making USD to MXN transfers.
Focus on control
Effective financial planning to sell and transfer funds to suppliers without uncertainty.
Our clients have saved up to
USD 10,000
on a USD 100,000.00 transfer by locking in an exchange rate at the right time.
*Savings on exchange rates and fees may vary depending on the third party offering them, the customer profile, and the conditions of each transaction.
What is Rate Lock?
It is a contract, enabled through our network of regulated partners, that allows you to lock in today’s exchange rate for a future transaction. No matter how the market moves, your rate is guaranteed from the moment you complete the agreement.
Pure hedging
No matter how the market moves, your rate is locked in from the moment the deal is closed.
How much you’ll receive in pesos or dollars
You know exactly how many pesos you will receive or pay on the agreed date. Plan with precision.
Step by step:
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Enter the amount, the currency pair (USD/MXN), and the expiry date. The Rate Lock rate is calculated in real time.
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Accept the quote and your exchange rate will be fixed from that moment. We will hold 5% of the amount as a margin guarantee, which is released once the transaction is completed on the agreed date.
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The transfer is executed automatically. Before the settlement date, make sure you have the remaining balance of your transaction in your EFEX business account. The 5% margin reserved at the start is already counted as part of the transfer, so you only need to cover the difference.
Frequently asked questions
What is the minimum term of a Rate Lock?
Any operation with a settlement date beyond T+2 is considered a forward. The minimum is 3 days and the maximum is 180 days.
What time window is available to contract a Rate Lock?
At any time, you can lock in a Rate Lock 24/7 on our platform.
Who executes the transaction?
The transaction is executed by Efex Inc. (U.S.), with Corpay as the underlying liquidity and pricing provider.
Why the 5% margin?
The margin exists to guarantee the operation throughout its duration. If the exchange rate moves against you, you may be required to deposit additional funds to keep the hedge active. That’s why it’s important to maintain available liquidity during the Rate Lock term; if the collateral balance falls below the required level, the operation may be suspended. It serves as your guarantee and ours that the hedge can be maintained until the settlement date.
What happens to the 5% at the end?
First, a 5% margin is retained at the time the Rate Lock is agreed. Then, before the agreed settlement date, you must deposit the remaining 95%. Once this deposit is made on time and in full, the retained 5% is added to the 95% to settle the transaction in its entirety. It is important to note that the margin is not returned, but is instead part of the final settlement.
In which currency is the margin applied?
The 5% margin is held in the source currency (the agreed currency pair). If your transaction is MXN to USD, the margin is calculated and reserved in pesos. If it is USD to MXN, it is reserved in dollars.
In which currencies can I lock in a Rate Lock?
You can lock in a Rate Lock from MXN to USD or vice versa.
