👨‍👨‍👦‍👦Counterparties

Counterparty is a person or business that you can send funds to. You can create a counterparty in the corresponding section of your Delos profile.

You see a 3-step form. All the mandatory fields should be filled in.

Counterparty details:

Profile type - Individual (physical person) or Corporation (business)

Full name/Business name - a person’s full name or business' legal name

Line of business - choose from the dropdown

Relationship to customer - choose from the dropdown

Country - choose from the dropdown

Street - no longer than 35 symbols

State - data should be in format as in this document: Data Models (Enum), for the US codes like in this article: ISO 3166-1 alpha-2

Postcode - fill in only digits, without spaces or any additional symbols. If you are not sure where to find your Zip/Postal code, you can use this (or similar) service: What is my Zip Code - Zip Code Finder | Map Developers

Account details - click “One more account” to add payment details to which the funds will be sent.

Note that if you create yourself as counterparty, data should not be the same as you used in the application

Note that location, currency and sending method are connected. So depending on what you selected on previous step, your dropdown options and even fields for next steps will be different.

Currency - select from the dropdown

Note that the list of available currencies for the main account and the counterparty account is different. E.g., at the moment EUR is available for counterparties and not available for the user’s account.

Wallet - input your crypto wallet address

Wallet type - Institution, Other, Unknown

If you choose Institution, additional fields with information about this institution will appear.

Counterparty bank location - select fiat country or DLT assets option

Currency - select from dropdown

Sending method - select from dropdown

IBAN/Account number - International Bank Account Number

Bank name - fill in the counterparty’s bank name

SWIFT - also known as BIC, Bank Identifier Code

Routing number - In the United States, an ABA routing transit number is a nine-digit code printed on the bottom of checks to identify the financial institution on which it was drawn.

For Bank Address, rules are the same as specified above for counterparty address.

We have an autosave feature, so your progress won’t be lost, you can complete first stem and return to the second one later.

Once counterparty added, we’ll need some time to verify it. Usually it takes no longer than 15 minutes. Until it’s verified, in the Send money menu it’ll be grey and unclickable. If after 15 minutes it’s still not approved, please contact customer success.

You can’t edit counterparty after it’s accepted. If you need to edit some information, please contact customer success team.