A shorter path to the beneficiary.
Use participating institutions’ local strengths to find an appropriate route for the instruction — with speed, cost and execution quality considered together.
Build on the rails that already work.
Real-time domestic payment and deposit-transfer schemes can be powerful building blocks. When a participating institution has suitable access, a local route may offer a more efficient way to complete part of a wider financial journey.
SUPA’s approach is to connect those strengths. It does not require every financial service to move to a single new settlement rail; it coordinates eligible options offered by the participating institutions.
Choose for the complete outcome.
A route needs to satisfy more than a speed claim. It must fit the currency, beneficiary, available liquidity, operating conditions and obligations of the institutions involved.
The protocol is designed to consider execution conditions alongside cost and timing. A route is useful when it can deliver the required service reliably, not simply when its headline terms look attractive.
Move the liquidity that needs to move.
Clearing and netting, where supported, can reduce the settlement activity required before a route is selected. Coordination between participants can then help put the available liquidity to work more efficiently.
The desired result is quicker, more economical execution with value retained by the institutions delivering it. Actual timing and cost depend on the selected providers, scheme availability, checks and the specific instruction; no universal settlement time is promised.
A route must work at both ends.
A participant identifies a local real-time capability that could help complete an instruction. Before it becomes a useful route, the institutions still need to establish the beneficiary requirements, the available funding and any other service dependencies. A fast local step is valuable when it fits the complete journey.
The protocol’s direction is to coordinate those considerations alongside the available institutional relationships. A currency service or an eligible clearing result may change what needs to move and through which arrangement. The aim is a more effective use of existing capabilities, with an outcome the originating institution can explain to its customer. This is a route-selection principle, not a promise that every payment will follow the same path or achieve a universal settlement time.
Good questions.
Clear answers.
Is the lowest quoted price always selected?
Cost matters alongside eligibility, available funds, timing and execution conditions. A route must be able to deliver the required service.
Do you require a single new settlement network?
No. SUPA aims to coordinate eligible capabilities available through participating institutions, including suitable existing local rails.
Can timing be guaranteed from this overview?
No. Timing is determined by the actual instruction, provider, scheme and service conditions, and is confirmed for the enabled route.
A closer look.
SUPA Protocol is an institutional network under development. Participation and service availability are subject to bilateral agreements, integration, regulatory permissions and corridor coverage.
Where could we take you?
Tell us what you want to build, connect or make possible.