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Swaps

Exchange traffic.
Settle the difference.

A swap turns two carriers' strengths into each other's routes. You terminate our minutes into your markets, we terminate yours into ours — with rates, reconciliation and net settlement agreed before traffic begins.

Propose a swap

In our books

56

carriers both buy from us and sell to us.

Counted from historical customer and supplier invoices. A swap agreement is a separate commercial arrangement.

How it works

Two directions. One agreed reconciliation.

Both sides price what they carried under the agreed rates. Where the agreement provides for net settlement, the totals are reconciled and the agreed balance is paid.

You carry for us
1,200 units
We carry for you
950 units
Illustrative balance
250 units

Fictitious values · Same settlement currency

Agreed values, not a difference in minutes. This example excludes taxes, fees, credit notes, currency conversion and timing. Actual settlement follows the agreement and reconciled invoices.

Why carriers swap

Complementary routes. Agreed value.

Net settlement

An agreed net settlement offsets the reconciled amounts and defines the balance to pay for the cycle.

Credit works both ways

Imbalance ceilings, payment terms and any security are agreed in writing. Exchanging traffic does not itself guarantee payment.

Complementary routes

Each side brings routes the other needs. Assess the destinations, capacity and quality in both directions before agreeing the exchange.

Direct commercial terms

Agree rates, any fees and the scope of each route. The value of the exchange depends on those terms and the traffic actually carried.

Risks to address in a swap

  • No agreed minute. One side counts 4.2 million, the other 3.9 million, and nobody defined in advance which record decides.
  • A drifting balance, noticed only when one side is carrying the other for six figures.
  • Rates that move on one side, until a balanced deal quietly becomes a subsidy.
  • Netting never done — two sets of invoices left unpaid, each side waiting for the other.

How we prevent it

  • A real ledger, not a spreadsheet: a counterparty's balance is a figure we produce on any day of the month.
  • Every call costed as it ends, at both rates, so the imbalance is visible while it forms.
  • Supplier invoices reconciled against our own count of the same calls before anything is settled.
  • Rate changes on either side dated and applied through the same system that rates the traffic.

Our method

Six terms before traffic.

  1. 01

    Scope

    Which destinations each side carries, at which rates, in which increments and currency — and the exchange-rate source when there are two.

  2. 02

    The billable minute

    Rounding, increments, partial minutes, which record is authoritative when the two disagree, and the tolerance below which nobody argues.

  3. 03

    An imbalance ceiling

    A limit in value, and what happens when it is reached: rates change, volume is throttled, or a payment is made.

  4. 04

    One reconciliation cycle

    Traffic totals exchanged and compared before invoices are cut, not after.

  5. 05

    Settlement

    The difference paid on a date, in a currency, to an account both sides hold on file. Once.

  6. 06

    Exit

    Notice, treatment of remaining traffic and settlement of the final balance follow the agreed exit terms.

FAQ

Swap deals, in short.

What makes a good swap partner?+
An operator with something we do not have: an in-country route, a mobile interconnect, a market where our termination costs more than yours. And the discipline to reconcile every cycle and say what its records show.
Is there a minimum volume?+
The proposal is assessed on destinations, expected traffic, quality and commercial balance. Discuss the intended volumes rather than assuming a published minimum.
What if the traffic becomes unbalanced?+
The agreement defines the ceiling and what follows: a review of rates or volume, an interim payment, or the agreed exit process. Exchanging traffic does not remove credit risk.
How are currencies handled?+
In the terms: the currency of each direction, the currency of settlement, and the source of the exchange rate used to convert between them.

Next step

Put your routes on the table.

Tell us which markets you terminate well and which you need. We will say quickly whether there is a balanced swap between us.

Propose a swap