--- title: Corpay Cross-Border Solutions | API Resources - Forward Booking description: Corpay is a leading provider of integrated cross-border payment services and risk management solutions. As a trusted partner for 25 years, we deliver innovative solutions designed to mitigate foreign exchange exposure and address unique global payment needs. --- [![Corpay\_Final-Logo\_No-TM\_Two-Tone\_Black-1](https://cb.corpay.com/hs-fs/hubfs/Corpay_Final-Logo_No-TM_Two-Tone_Black-1.png?width=150&name=Corpay_Final-Logo_No-TM_Two-Tone_Black-1.png "Corpay_Final-Logo_No-TM_Two-Tone_Black-1")](https://www.corpay.com/cross-border) # Corpay Cross-Border Solutions Forward Booking ## Cross-Border Payment Strategies with Forward FX Orders ## As businesses diversify and look for new and untapped markets, many will look for opportunities to expand to new areas of the globe. Exploring new markets, engaging new customers, and expanding operations and workforces internationally can be achievable, but making local currency transactions can sometimes be challenging. ## Corpay's Forward Order Booking Capabilities ## Closed Forwards: This option allows you to lock in the current exchange rate and receive foreign currency funds on a specified future date, known as the maturity date. The transaction must be completed on the maturity date at the agreed exchange rate, with the full amount settled on that date. --- ## Open Forwards: Similar to Closed Forwards, an Open Forward lets you lock in the current exchange rate for future settlement. However, unlike Closed Forwards, you can draw down the funds at any time within the specified period. Drawdowns are processed at the agreed-upon rate, and the trade can be settled either in full or in part, as long as the total amount is paid by the maturity date. --- ## Integration with Corpay's REST API ## Corpay's Forward Booking services are also available for integrated clients using our REST API. Our Forward API endpoints support the booking of both Open and Closed Forwards, offering seamless integration into your existing systems. Additionally, the API includes endpoints for the drawdown of Forward Contracts, enabling you to drawdown funds as payments to third-party beneficiaries or into your Corpay-held Multi-Currency Account.   These API services help our partners implement sophisticated yet simple technology solutions to “auto hedge” at individual transaction levels avoiding margin slippage due to FX rate fluctuations and freeing up internal resources to focus on other business initiatives.   No matter what industry you are in (Travel, FinTech, E-commerce, or SaaS), by leveraging Corpay's Forward Order booking capabilities via our REST API, you can enhance your hedging strategies, gain greater control over your cross-border transaction requirements/workflows, and protect your business from the uncertainties of currency fluctuations. For detailed technical information on our Forward API endpoints, please refer to the [Corpay API documentation.](https://apidocscrossborder.corpay.com/#39107577-4beb-4941-a154-89f10cde8628) ## Contact us today to learn more about how Corpay Cross-Border can support your foreign exchange needs. [Contact Us](https://www.corpay.com/contact-us/cross-border) [![Corpay\_Final-Logo\_No-TM\_Two-Tone\_White](https://cb.corpay.com/hs-fs/hubfs/Brand%20Logos/Corpay_Final-Logo_No-TM_Two-Tone_White.png?width=167&height=45&name=Corpay_Final-Logo_No-TM_Two-Tone_White.png "Corpay_Final-Logo_No-TM_Two-Tone_White")](https://www.corpay.com/) --- ## [PRIVACY POLICY](https://www.corpay.com/privacy-policy)         [LEGAL & REGULATORY](https://www.corpay.com/compliance)          [MARKET ANALYSES](https://www.corpay.com/newsletter)          [RESOURCES](https://www.corpay.com/resources)          [CONTACT US](https://www.corpay.com/contact-us/cross-border) [linkedin-in icon](https://www.linkedin.com/showcase/corpay-cross-border-solutions/) [X Twitter icon](https://twitter.com/CorpayFX) [vimeo-v icon](https://vimeo.com/corpay) [microphone icon](https://www.corpay.com/resources/webcasts-podcasts) [Follow us on Facebook](https://www.youtube.com/@CorpayCrossBorder) ## “Cambridge Mercantile” and “AFEX” and “Associated Foreign Exchange” and “Corpay” are names that may be used for Corpay Cross-Border services (international payment solutions and risk management solutions) provided by certain affiliated entities, all using the “Corpay” brand. International payment solutions are provided in Australia through Cambridge Mercantile (Australia) Pty. Ltd.; in Canada through Cambridge Mercantile Corp.; in the United Kingdom through Cambridge Mercantile Corp. (UK) Ltd.; in Ireland and the European Economic Area through Associated Foreign Exchange Ireland Ltd.; in Jersey through AFEX Offshore Ltd.; in New Zealand through Corpay (NZ) Limited; in Singapore through Associated Foreign Exchange (Singapore) Pte. Ltd. and in the United States through Cambridge Mercantile Corp. (U.S.A.). Risk management solutions are provided in Australia through Cambridge Mercantile (Australia) Pty. Ltd.; in Canada through Cambridge Mercantile Corp.; in the United Kingdom through Cambridge Mercantile Risk Management (UK) Ltd.; in Ireland and the European Economic Area through AFEX Markets Europe Ltd.; in Jersey through AFEX Offshore Ltd.; in New Zealand through Corpay (NZ) Limited; in Singapore through Associated Foreign Exchange (Singapore) Pte. Ltd. and in the United States through Cambridge Mercantile Corp. (U.S.A.). Please refer to http://cross-border.corpay.com/brochure-disclaimers for important terms and information. [API Resources Forward Booking](https://cb.corpay.com/api-resources-forward-booking/?hsLang=en#Top)[Forward Order Booking Capabilities](https://cb.corpay.com/api-resources-forward-booking/?hsLang=en#Capabilities)[Integration with Corpay's REST API](https://cb.corpay.com/api-resources-forward-booking/?hsLang=en#REST-API)[Return to Home Page](https://cb.corpay.com/api-resources/?hsLang=en)