How to Place an Exotic FX Order

The Exotic FX (EFX) Order feature in the Orbital Client Portal lets you sell exotic currencies and buy stablecoins. This helps international treasury operations by helping businesses manage their exposure to volatile exotic currencies. It offers a clear process for converting them into more stable digital assets.

How to Submit an EFX Order

1. From the left-hand navigation menu, select Exotic FX. This will take you to the overview page, where you can see indicative rates and your order history.
2. To start a new order, click the EFX Order button.

3. On the Sell currency screen, choose the exotic currency you wish to sell (e.g., SGD, NGN, JPY, PHP, etc) and click Continue.

4. Next, enter the amount you wish to sell (the currency from your previous selection will be pre-filled).
5. Then, select the stablecoin currency you want to buy from the dropdown.
6. Optionally, you can add remarks for the transaction for reconcillation
7. Select your account type by choosing either
   1. Personal Account: For individual transactions
   2. Corporate Account: For business transactions
8. Choose your order type:
   1. Day Order: Valid only for the current trading day, expires if not executed by day's end
   2. Overnight Order: Remains active until the next trading day's close
9. Select the Execution date when you want the order processed and click Continue.

10. On the Beneficiary screen, select a beneficiary account from either Orbital Accounts or External Beneficiaries where the stablecoins will be sent
11. Click Confirm Order to submit your order.