AutoFX

One place, one process, one trade

The most sophisticated way to manage FX within settlement. Embedded directly into the settlement process, our advanced automation ensures every transaction settles in the right currency, on time, across 40+ currencies.

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65% of banks

rely on FX to fund their securities activity

40+ currencies

developed, restricted and emerging markets

Intraday FX benchmarks

timed to your settlement deadlines

Why this matters now

Under T+1, the pressure shifts from trade execution to settlement readiness

The entire post-trade value chain is compressed, with funding, FX, allocation and matching completed in hours rather than days, and end of day FX is no longer fit for purpose. T+1 is not simply a shorter settlement cycle, it requires a fundamentally new way of operating.

The value chain contracts

Instructions need to be matched faster, and the required currency must be available within hours rather than the next day.

Manual FX can't keep pace

End-of-day conversions, phone-based execution, and reliance on multiple counterparties introduce unnecessary complexity when speed and settlement readiness are critical.

Settling on time pays

It avoids CSDR cash penalties, forced overdrafts and the operational drag of chasing exceptions.

The service

Euroclear AutoFX: Automated currency conversion, embedded in the settlement process

AutoFX transforms settlement into a seamless process by identifying the currency requirement directly from your settlement instruction and executing the conversion automatically, so the trade settles on time in your base currency. The result is a sophisticated, scalable, and resilient end-to-end workflow that embeds cash management into settlement, reducing operational burden and limiting the need for additional technology and people.

One trade

The settlement and currency conversion are brought together in a single, intelligent workflow. Instruct once, and the FX conversion follows automatically, reducing complexity and operational risk.

One place

Conversion happens within the settlement ecosystem, replacing fragmented FX execution with a single, integrated process.

One process

A single infrastructure, relationship & reporting framework. Embeds FX directly into settlement, delivering an end-to-end experience through Euroclear.

FX embedded in the settlement process, in four steps

Settlement instruction received
Euroclear identifies the conversion need
HSBC prices and executes the FX
Trade settles on time

Straight through, end to end
40+ currencies

The collaboration

Euroclear powers automation. HSBC delivers execution

Euroclear's settlement infrastructure and advanced automation combine with HSBC's regulated FX execution expertise, delivering an end-to-end solution. Euroclear manages the client relationship, reporting, and automated identification of FX needs, while HSBC provides pricing and execution as the regulated FX entity. You remain solely the client of Euroclear, under one contract, and gain institutional-grade FX capabilities without additional infrastructure, resources or operational complexity.

The value

What you get

Less risk

An automated and resilient process, with no single point of failure. Fewer manual steps mean fewer errors and fewer fails.

Cost efficient

Competitive and fully transparent pricing, with no hidden spreads. Savings from higher automation.

On time

FX is embedded in the settlement process and triggered by the instruction itself, so the conversion completes within the T+1 deadline.

40+ currencies

Developed, restricted and emerging market currencies, including the markets where conversion is hardest to arrange in time.

Full visibility

A real-time portal showing every stage of each FX transaction as it happens.

Part of Euroclear's wider T+1 toolkit unlocking the value of T+1

Settle earlier. Resolve faster. Fund smarter

AutoFX is part of Euroclear's integrated T+1 toolkit, bringing together settlement, exception management, liquidity, collateral and FX within a single operational infrastructure. Alongside EasyFocus+, an extended operational day, enhanced settlement interoperability, NetSettle, smarter recycling and collateral optimisation, it helps clients transform their post-trade operations and operate confidently in a T+1 environment.

The other services

FX beyond AutoFX

AutoFX is our most comprehensive FX solution, designed to seamlessly manage all your settlement related currency requirements. For clients with more specific or occasional requirements, we also provide a range of additional services that can be used independently or alongside AutoFX.

Money transfer conversions

Send FX instructions via SWIFT or EasyWay, using your existing Euroclear cash accounts and benefit from execution directly into your account at competitive FX rates.

Automatic Conversion, income and fees

Automate your recurring FX needs. Interest, dividends, and monthly fees are converted seamlessly into your preferred currency, ensuring funds are available on value date.

Direct dealing with the Euroclear Bank desk

For high-value or tailored FX transactions, work directly with our expert FX Desk and benefit from flexible settlement options across value dates.

Get in touch

T+1 is coming. Start preparing today

Contact your Account Manager for guidance on AutoFX or any of our FX services, or log in to MyEuroclear to learn more. Registration is handled by your Account Manager.

Contact your Relationship Manager for personalised guidance and onboarding.
Or log in to MyEuroclear to learn more.