Who we help / SPVs, trusts & funds
FX for SPVs, trusts and funds.
Accounts in each entity's own name, onboarding that understands your structure, and payments that land before the deadline. One named team, on call 24/7, paid only on the conversion.
- Entity-name accounts for every vehicle
- Rates fixed ahead of completion
- 24/7 by phone, email and WhatsApp
Common challenges
Why do SPVs, trusts and funds struggle with FX?
The structure is the reason you hold the asset. It is also the reason most providers make currency harder than it needs to be.
Onboarding
Providers turn the structure away
Banks and FX platforms often decline trusts, SPVs and fund vehicles, or stall them in compliance for weeks.
Deadlines
The date is fixed, the rate is not
Completion dates, capital calls and distributions do not move. The exchange rate moves every second until you convert.
Size
Small rate gaps become big money
On a seven or eight figure transaction, half a percent on the rate is a five or six figure cost.
Governance
Every payment needs a clear trail
Trustees, directors and investors need to see which entity paid what, when, and at what rate.
Structures we work with
Which structures does BLK.FX work with?
If you hold money or assets through a vehicle, we can usually open accounts for it in its own name.
SPVs
SPVs, including property SPVs
Single-asset and holding vehicles buying, financing or selling across borders, with funds held in the SPV's own name.
Trusts
Trusts
Family, discretionary and asset-holding trusts paying and receiving in more than one currency, with trustees kept in control.
Funds
Funds
Capital calls, investments and distributions across currencies, with accounts for the fund and each vehicle beneath it.
Investors
Venture capital and private equity
Investing vehicles and the portfolio businesses they back, from first cross-border deal to group-wide FX.
Illustrative example
What does the margin cost on a £10,000,000 asset?
A US business buying a UK asset for £10,000,000 through a vehicle. Same purchase, same day, two different margins.
Most banks take 1% to 3%. At a 2% bank margin the rate applied is 1.3260, so the asset costs $13,260,000. Through BLK.FX at a 0.3% margin the rate is 1.3040, and it costs $13,040,000.
Get a comparison for your deal$220k
saved on a single purchase
0.3%
margin, against 1% to 3% at most banks
£0
to move funds between BLK.FX accounts
“This is how international payments and banking should work, but so rarely does. Waited a week for funds to arrive from a property transaction. Within 30 minutes of them finally arriving in our BLK.FX account, they were converted and sent…”
Simon Sacerdoti, verified review on Trustpilot
Getting started
What happens after the first call?
We work back from your deadline, so the vehicle is set up and the rate is settled before the money has to move.
01
A free review of the structure
Thirty minutes on the vehicle, the transaction and the date. You leave with the document list, the expected cost and a plan for the rate.
02
Each entity onboarded
Accounts opened in each vehicle's own name through secure online onboarding, with a named person chasing every step.
03
Converted and paid to the deadline
The rate fixed ahead of time if you want certainty, and the payment tracked until it lands.
Common questions
Questions trustees, directors and fund teams ask us.
Can BLK.FX open accounts for a trust, SPV or fund?
Yes. Each vehicle gets its own multi-currency account in its own name, so funds never sit with the wrong entity and every payment is traceable to the structure that made it. Many providers avoid these structures or stall at onboarding. Working with them is a core part of what we do.
What documents will we need for onboarding?
It depends on the structure. Expect constitutional documents such as a trust deed, articles or a partnership agreement, details of the directors, trustees or general partners, and the ultimate beneficial owners. We give you the full list for your structure on the first call, so nothing stalls halfway through.
How long does onboarding take for a trust or SPV?
Longer than a standard trading business, because each entity is verified in its own name and ownership is checked through the structure. We tell you the timeline upfront and work back from your deadline, so tell us early if a completion date or capital call is already set.
Can we fix the exchange rate ahead of a completion date or capital call?
Yes. A forward contract fixes today's rate for a payment due on a set date, so the amount the vehicle needs is known before the money moves. Terms are agreed with you upfront. How FX risk management works
Can several SPVs or funds sit under one relationship?
Yes. Each entity keeps its own accounts and its own records, but you deal with one named team across all of them, with one view of balances and payments.
Is BLK.FX regulated?
BLK.FX works only with regulated execution partners across the UK, the EEA and the US, and client funds are safeguarded under those partners' e-money and payment licences. Full details are in the regulatory disclosures at the bottom of every page.
Free FX review for SPVs, trusts and funds
Tell us about the structure and the deadline.
In 30 minutes we will tell you what onboarding needs for your structure, what the conversion should cost and how to fix the rate before the money has to move. Free, and no obligation.
Book a call with our team