Fiat Transfer Settlement

Overview

Fiat transfers operate on traditional bank rails, and have settlement times related to the rail in which the fiat transaction is initiated upon.

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All fiat transactions go through a transaction monitoring process and some may be subject to compliance review. In this case the state of the transfer will be reviewing, and timelines will be subject to compliance review schedules.

ACH Processing

ACH's are processed during business days, beginning at ~8am eastern, and continuing through to ~3:30pm eastern. ACH transactions occurring outside of business hours, including in the evenings after 3:30pm eastern or on the weekends, will not be processed until 8am eastern on the following business day.

This schedule applies to both ACH debits (deposits to the platform) and ACH credits (withdraws from the platform), for a bank that has a Reserve account.

All ACHs initiated by the Cybrid platform are high priority ACHs (i.e., same-day ACHs) and typically follow this schedule on processing days:

• The cutoff time for the first batch is typically 1030 ET and the funds are generally settled by 1300 ET
• The cutoff time for the second batch is typically 1445 ET and the funds are generally settled by 1700 ET
• The last cutoff time of the day is at 1650 ET and the funds are generally settled by 1800 ET

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Note: If you have not funded your reserve with Cybrid, there is a 2 business day hold placed on ACH transactions received.

RTP / FedNow Processing

RTP / FedNow's are processed immediately and continuously, 24/7. This schedule applies to both RTP / FedNow debits (deposits to the platform) and RTP / FedNow credits (withdraws from the platform).

EFT Processing

EFT's are processed during business days, beginning at ~8am eastern, and continuing through to ~3:30pm eastern. EFT transactions occurring outside of business hours, including in the evenings after 3:30pm eastern or on the weekends, will not be processed until 8am eastern on the following business day.

This schedule applies to both EFT debits (deposits to the platform) and EFT credits (withdraws from the platform). EFT's in Canada take T+2 days, which is approximately two days from the time the EFT was initiated. There is no EFT hold period on the Cybrid platform for EFT's.

Wire Processing

Wires are processed during business days, beginning at ~8am eastern, and continuing through to ~3:30pm eastern. Wire transactions occurring outside of business hours, including in the evenings after 3:30pm eastern or on the weekends, will not be processed until 8am eastern on the following business day.

This schedule applies to both Wire deposits to the platform and wire withdrawals from the platform. Note that Cybrid does not control Wire deposits to the platform, as these are initiated by a counterparty bank. When Wire deposits are sent to Cybrid, and our bank has initially picked up the transaction, the transfer state will show pending as the bank finishes processing the Wire deposit. When the bank has finished processing the Wire, the transfer state will show as completed.