Currency/Multi-Currency Escrow Transactions

Luceed facilitates secure multi-currency escrow transactions by holding funds in the agreed base currency and executing transparent currency conversion only when predefined conditions are met. This reduces FX risk, timing exposure, and counterparty uncertainty in cross-border transactions.

How It Works

Action

Role

Buyer and Seller agree terms, including quoted exchange rate.

Buyer deposits "Base" currency. Seller deposits "Quote" currency.

Delivery confirmation is automatic upon receipt of escrow funds.

Acceptance is automatic upon receipt of escrow funds.

Luceed disburses funds automatically, using preferred payment method, to counterparties.

Ideal For

  • Importers and exporters
  • International service providers
  • Global suppliers and distributors
  • Businesses with FX-sensitive contracts
  • Cross-border trade and services
  • International purchases and settlements
  • Multi-currency business transactions

Benefits

  • Funds protected until obligations are met
  • FX rate agreed upfront
  • Reduced exposure to currency volatility
  • Transparent conversion records
  • Buyer funds secured before performance
  • Guaranteed payout after conditions are met
  • Clear FX terms prevent disputes

Luceed's Role

  • Holds funds securely in escrow
  • Records agreed FX terms
  • Executes conversion per instruction
  • Releases funds strictly per escrow agreement
  • Does not speculate, advise, or mediate negotiations