Grain Glossary

Get an overview of financial terms and their definitions. < BACK KNOWLEDGE BASE Grain Glossary Get an overview of financial terms and their definitions. ALL A A B B C C D D E E F F G G H H I I J J K K L L M M N N O O P P Q Q R R S S T T U U V V W W X X Z Z F Federal Funds Rate The federal funds rate is the interest rate at which banks lend and borrow overnight balances from each other, known as federal funds, in the U.S. The federal funds rate is an important benchmark for short-term interest rates in the U.S. financial market, and is used as a reference rate for various financial products, such as adjustable-rate mortgages, credit card loans, and small business loans. Fintech The term fintech refers to the use of technology to provide financial services. It can include everything from robo-advisors to mobile banking apps. Fintech is constantly evolving and has the potential to disrupt traditional financial systems by providing more efficient and accessible financial services. Floor In finance, a floor refers to a minimum that cannot be dropped below. An interest rate floor means that a loan is not subject to any other contingent interest rates. Regardless of market conditions, a price floor prevents an item's price from falling below a certain limit. Forward Points Forward points in finance refers to the amount added to or subtracted from the current spot rate of a currency to determine the forward exchange rate for a future delivery date. The forward exchange rate determines the rate at which a currency can be exchanged for another at a future date, based on an agreement made on the spot date. In addition to accounting for the time value of money, forward points are used to correct for differences in interest rates between the currencies being exchanged. The size of the forward point will depend on the difference between the interest rates of the two currencies and the time until the forward contract is set to expire. Foreign exchange (FX) Foreign exchange (FX) refers to the buying and selling of currencies on the foreign exchange market. The foreign exchange market is a global decentralized market for the trading of currencies, and is the largest financial market in the world. Foreign exchange (FX) option A foreign exchange (FX) option is a financial contract that gives the holder the right, but not the obligation, to buy or sell a specified currency at a predetermined exchange rate on or before a certain date. It is a type of derivative instrument that is used to hedge against the risk of fluctuations in exchange rates. Foreign Exchange (FX) Hedging FX hedging is a risk management strategy used by companies to protect themselves from potential losses resulting from changes in currency exchange rates. FX hedging involves buying and selling financial instruments, such as forwards, options, and futures, to offset potential currency exposures in order to minimize the impact of exchange rate fluctuations on a company's financial statements. The goal of FX hedging is to reduce or eliminate the risk of loss due to currency movements, allowing companies to better manage their financial risk and focus on their core business operations. Foreign Exchange (FX) Swap An FX swap is a foreign exchange derivative that allows two parties to exchange an agreed amount of one currency for another currency at a specified rate, on a specified date, and then reverse the trade at a later date. The two legs of the trade are carried out simultaneously for a fixed amount of time, and then reversed later. FX swaps are usually used to hedge currency risk or obtain financing in a different currency. FX swaps are commonly used by banks and other financial institutions, but are also used by companies and individuals to manage their foreign exchange exposures. Foreign exchange (FX) risk - exchange rate risk Foreign exchange (FX) risk is the risk that a company or investor will incur losses due to fluctuations in exchange rates. It is a type of market risk that can impact the value of assets, liabilities, and cash flows denominated in different currencies. Forward Forwards are financial derivatives that allow two parties to exchange assets at a specified price at a specific future date. Contracts are customized to the needs of the parties involved, and terms include the type of asset, the quantity of the asset, and the delivery date. Forwards are often used to hedge against currency risk, commodity price risk, or interest rate risk. In a forward contract, one party agrees to buy the asset at the agreed-upon price on a specific date from the other party. The other party agrees to sell the asset at that price on that date. The forward contract is not traded on an exchange, and the terms of the contract are not standardized. The terms are negotiated between the two parties, and the contract is usually customized to meet their specific needs. Although forward contracts are similar to futures contracts, they differ in some important ways. A futures contract is standardized and traded on an exchange, whereas a forward contract is customized and traded over the counter. Additionally, futures contracts have margin requirements and are marked to market daily, whereas forwards do not. Foreign Exchange (FX) forward contract FX forwards are contracts between clients and their bank, or non-bank provider, to exchange currencies at a set rate on a future date. Contract pricing is determined by the exchange spot price, interest rate differentials between the two currencies, and the length of the contract, which is determined by the buyer and seller. Future Futures contracts are financial derivatives that obligate the buyer or seller to purchase or sell an asset at a predetermined price at a future date. The terms of futures contracts, including the quantity and quality of the assets, the delivery date, and the price, are all determined in advance. Futures contracts are standardized and traded on exchanges. Futures contracts are used to hedge against price risk, or to speculate on the price movements of an asset. The buyer and seller of a futures contract are required to put up a margin, which is a small percentage of the value of the contract. The margin is used to cover any potential losses on the contract. Functional currency A functional currency is the currency of the primary economic environment in which an entity operates. It is the currency in which an entity primarily generates and expends cash, and the currency in which it primarily holds assets and liabilities. For a business, the functional currency is typically the currency of the country in which the business is headquartered. The functional currency is used to determine the appropriate exchange rate to use when translating the financial statements of an entity into a different currency. The functional currency is also known as accounting currency. FX Translation Currency translation is the process of converting one currency in terms of another, often in the context of the financial results of a parent company's foreign subsidiaries into its functional currency. FX Swap In a foreign currency swap, two foreign parties agree to swap interest payments on a loan made in one currency for interest payments on a loan made in another currency. Foreign currency swaps can also involve exchanging principal. When the agreement ends, this will be exchanged back. In most cases, however, notional principal is just used to calculate interest and is not actually exchanged. Floating Exchange Rate In a floating exchange rate system, the currency price of a nation is set according to supply and demand relative to other currencies. A fixed exchange rate, on the other hand, is determined entirely or predominantly by the government. FX Forward Transaction The FX Forward Deal is a foreign exchange transaction based on a foreign exchange rate agreed by the buyer and seller under a foreign exchange contract, delivered on a specified date after the second working day of the transaction, in most cases. FX Netting Netting FX (or Forex Netting ) involves offsetting receivables and payables in one currency with receivables and payables in the same currency. As currency rates move, FX gains (losses) on one position should be offset by FX losses (gains) on the other. Foreign Transaction Fee A foreign transaction fee is a charge assessed by a financial institution to a consumer who uses an electronic payment card to make a purchase in a foreign currency. Foreign transaction fees usually apply to card purchases made in foreign countries while traveling, but they can also apply to purchases made online from your home country where the vendor is foreign and processes the transaction in its local currency. FX Gain / FX Loss An FX gain or loss is reflected in the income statement as a change in value of a foreign exchange-denominated transaction. A sales transaction creates a foreign exchange gain (loss) when the foreign currency appreciates (depreciates) against the company's home currency. Fedwire Fedwire is a real-time gross settlement funds transfer system operated by the United States Federal Reserve Banks that allows financial institutions to transfer funds electronically between the system's more than 9,289 participants (as of March 19, 2009). Upon receiving the proper wiring instructions from the receiving bank, the sending bank can initiate transfers. Foreign Exchange Broker A forex broker, or currency trading broker is a financial services company that provides traders access to a platform for buying and selling currencies. Transactions in the foreign exchange market are always between a pair of two different currencies. Foreign Exchange Commissions Financial institutions or service providers charge foreign exchange commissions for facilitating currency exchange transactions. Commissions are usually calculated as a percentage of the transaction amount or as a fixed fee. Brokers may charge 50% of a pip spread or a fixed commission per standard lot, for example. The amount is deducted from the total cash received during the transaction. FX Software FX software manages and optimizes foreign exchange transactions, helping businesses handle currency conversion, mitigate FX risk, and automate trading. It provides real-time exchange rates, risk management tools like forward contracts, and compliance reporting. These platforms integrate with ERP systems to streamline global operations and protect against FX volatility. Financial Conduct Authority ( FCA ) The Financial Conduct Authority (FCA) is a financial regulatory body in the United Kingdom. It operates independently of the UK Government and is financed by charging fees to members of the financial services industry. The FCA regulates financial firms providing services to consumers and maintains the integrity of the financial markets in the United Kingdom. < PREVIOUS NEXT >

Get an overview of financial terms and their definitions. < BACK KNOWLEDGE BASE Grain Glossary Get an overview of financial terms and their definitions. ALL A A B B C C D D E E F F G G H H I I J J K K L L M M N N O O P P Q Q R R S S T T U U V V W W X X Z Z I International Monetary Fund (IMF) The International Monetary Fund (IMF) is an international organization that promotes global monetary cooperation, financial stability, and international trade. The IMF was founded in 1944 at the Bretton Woods Conference and is headquartered in Washington, D.C. It is funded and owned by its member countries, which contribute financial resources to the organization and are represented by a board of directors. Implied Volatility The implied volatility of a financial instrument, such as a stock or an option, indicates its expected volatility over its lifetime. Due to its derived nature, it is implied as it cannot be observed directly. Options contracts are commonly priced using implied volatility because it determines the likelihood that the underlying asset will reach a certain price by a certain date. An asset with a high implied volatility is likely to experience price swings in the future, while one with a low implied volatility is less likely to experience price movements. Implied volatility is typically expressed as an annualized percentage. Interest Rate Curve An interest rate curve represents the relationship between interest rates and debt maturity. The curve plots the interest rates of securities with different maturities on the y-axis and the maturities of the securities on the x-axis. Several factors, such as monetary policy, inflation expectations, and market conditions, can influence the shape of the interest rate curve over time. Interest Rate Swap (IRS) Interest rate swaps are financial derivatives that allow two parties to exchange or swap cash flows based on a notional principal amount. During the inception of the swap, the parties agree on a set of fixed or floating interest rates. The swap involves one party paying a fixed rate of interest on the notional amount, while the other party pays a floating rate. Floating rates are typically based on an index, such as London Interbank Offered Rate (LIBOR), which is the average rate at which banks can borrow funds. By using interest rate swaps, parties can hedge against changes in interest rates, manage the risk of fluctuating interest rates, or speculate on future changes in interest rates. In The Money (ITM) In finance, an option is considered to be in the money if the current market price of the underlying asset is higher than the strike price for a call option, or lower than the strike price for a put option. For example, if a stock is trading at $60 per share, and a call option with a strike price of $50 is available, the option is in the money. Similarly, if a put option with a strike price of $70 is available, it is also in the money. In-the-money options have intrinsic value, which is the difference between the current market price of the underlying asset and the strike price of the option. International Transaction International transactions are cross-border trade agreements or credit operations involving a foreign currency. A typical international transaction involves the exchange of goods or services, and the settlement date is the last step. ISO 4217 A standard published by the International Organization for Standardization (ISO) provides information about the relationships between individual currencies and their minor units by defining alpha and numeric codes. Initial Margin (IM) The initial margin (IM) is the amount of cash or collateral that an investor must pay to open a margin account in order to purchase a security. Investors can borrow money to buy securities with this type of collateral. IMM Dates IMM Dates refer to the expiration dates for futures and options traded on the International Monetary Market (IMM), the largest foreign exchange futures and options market in the United States. These contracts consistently expire on the third Wednesday of March, June, September, and December. The selection of these dates is intentional and standardized for market consistency. < PREVIOUS NEXT >

Get an overview of financial terms and their definitions. < BACK KNOWLEDGE BASE Grain Glossary Get an overview of financial terms and their definitions. ALL A A B B C C D D E E F F G G H H I I J J K K L L M M N N O O P P Q Q R R S S T T U U V V W W X X Z Z Xenocurrency A xenocurrency is a currency deposited or exchanged outside its country of origin. The term "eurocurrency" or "foreign currency" is more commonly used today. Due to globalization of supply chains and financial markets, these types of currency transactions have become increasingly common. Xero currency rates At midnight, the official rate of the day (or mid-market rate) is determined. The exchange rates in Xero are rounded to six significant figures, including decimal places. Variances can occur if the actual exchange rate has more than this. < PREVIOUS NEXT >

Get an overview of financial terms and their definitions. < BACK KNOWLEDGE BASE Grain Glossary Get an overview of financial terms and their definitions. ALL A A B B C C D D E E F F G G H H I I J J K K L L M M N N O O P P Q Q R R S S T T U U V V W W X X Z Z WM/Reuters benchmark rate A WM/Reuters benchmark rate is an exchange rate that is published daily at 4 PM London time. The exchange rates are calculated by averaging the exchange rates for currency trades that take place 30 seconds before and after 4 PM on the London market. Standard rates are used to calculate portfolio valuations and measure performance. < PREVIOUS NEXT >

Be part of Grain's team, playing a crucial role in building and optimizing the company's Marketing strategies. < Back Director of Marketing Be part of Grain's team, playing a crucial role in building and optimizing the company's Marketing strategies. Full Time Tel Aviv Apply Now Who We Are: Grain is a pioneering fintech startup based in the heart of Tel Aviv. We offer embedded cross-currency solutions tailored for software platforms and marketplaces. Grain was founded by seasoned entrepreneurs, formerly of financial institutions like Barclays, Deutsche Bank, as well as other renowned fintech startups. Grain is backed by leading venture capital firms and prominent financial institutions. At Grain, we offer an opportunity to shape the fintech landscape and be a part of a community that's committed to excellence. Role Overview We are seeking a visionary hands-on Director of Marketing to lead our entire marketing strategy, from brand development and communications to growth. You will be a key player in driving the narrative around our innovative fintech solutions, particularly embedded finance products. You will be responsible for building and executing strategic marketing plans that amplify our brand presence, drive customer acquisition, and support revenue growth. Key Responsibilities Develop and implement a comprehensive marketing strategy that aligns with the company’s business objectives. Lead market research efforts to identify trends, opportunities, and competitive insights in fintech and embedded finance. Partner with product and sales teams to align marketing initiatives with product launches and go-to-market strategies. Define and manage the brand voice, positioning, and messaging to resonate with target audiences and ensure consistent communication across internal and external stakeholders. Develop impactful storytelling strategies and create compelling content to build brand awareness and loyalty in the fintech space. Lead PR efforts, including managing agency relationships, press releases, and thought leadership opportunities. Plan and execute growth campaigns to drive customer acquisition and retention. Leverage data and analytics to measure campaign performance, optimize strategies, and demonstrate ROI. Develop innovative approaches to maximize the efficiency of marketing spend. Manage a growing marketing team, and freelance/ outsource teams, fostering a culture of innovation and excellence. Required Qualifications Minimum of 5 years experience in marketing leadership roles, ideally for a fintech company or finance solution Deep understanding of embedded finance products and their unique value propositions Native English speaker - must. Strong leadership and team management capabilities. Excellent strategic thinking and problem-solving skills. Proficiency with creative tools and software. Outstanding communication and presentation skills and ability to influence senior stakeholders. Data-driven mindset with proficiency in using marketing analytics tools (e.g., Google Analytics, HubSpot, etc.). Apply Now

Grain provides businesses with an embedded cross-currency solution, reducing FX risk, driving new revenues, and improving competitiveness. WHY CHOOSE GRAIN Protect Your Business Against Currency Volatility Grain provides businesses with an embedded cross-currency solution, reducing FX risk, driving new revenues, and improving competitiveness. First Name Last name Company Work Email Request a Demo Today OUR BENEFITS Explore the Advantages of Grain Assure Hedge, Alt21, Kantox, Fluenccy and Reach & Bound provide specialized FX services. Our API-based solution integrates these features into a single embeddable solution, enabling clients to hedge global transactions and extend these services to their customers. AI-Driven Hedging Efficiency Our AI technology enhances hedging effectiveness, ensuring your financial strategies are more accurate. Complete Risk Offloading With our insurance-based approach, Grain takes on 100% of the risk, providing you with peace of mind. Lower Operational Costs We lower operational costs through netting positions, directly passing savings onto our customers. Comprehensive Tech Ecosystem Our full tech stack supports every stage of the hedging transaction lifecycle, from initiation to cash settlement. Hedge 100% of Transactions Grain offers unparalleled support for cancellations and refunds, without any additional costs to our customers. Seamless Integration We offer both real-time and offline integration options, whether you want API or file sharing. Localized Fund Collection We enable the collection of funds locally at the point of transaction with secured FX rates. Embeddable Currency Protection Our solution can be fully integrated into any platform, offering end-to-end currency protection. Revenue Sharing Model Grain shares revenue generated from hedging activities with platform-type customers.

Be part of Grain's team, playing a crucial role in building and optimizing the company's Sales strategies. < Back Sales Manager - Embedded Finance (Netherland) Be part of Grain's team, playing a crucial role in building and optimizing the company's Sales strategies. Full Time NL Apply Now Location: Netherlands Who We Are Grain is a pioneering fintech startup. We offer embedded cross-currency solutions tailored for software platforms and marketplaces. Grain was founded by seasoned entrepreneurs, formerly of financial institutions like Barclays, Deutsche Bank, as well as other renowned fintech startups. Grain is backed by leading venture capital firms and prominent financial institutions. At Grain, we offer an opportunity to shape the fintech landscape and be a part of a community that’s committed to excellence. For our newly formed entity in Netherlands, we’re seeking an experienced and driven Sales Manager with a strong background in selling embedded finance products, particularly in the FX space, to drive revenue growth and oversee the expansion of our fintech solutions in Europe. This individual will play a pivotal role in driving growth by connecting our cutting-edge solutions with businesses looking to optimize their cross-border and FX business to drive higher volumes, as well as will take on the leadership as a nominated management board member of the Grain B.V. This role requires residency in the Netherlands and a successful integrity and suitability screening by the Dutch Authority for the Financial Markets (AFM) . Key Responsibilities Business Development: Identify, target, and engage potential clients within the travel sector, including bedbanks, OTAs, and other travel intermediaries. Develop and execute a strategic sales plan to drive adoption of our embedded finance and FX solutions within the travel industry. Relationship Management: Build and nurture relationships with decision-makers, including CFOs, treasurers, and operational leaders within travel businesses. Serve as a trusted advisor by understanding clients' unique challenges in the travel sector and presenting tailored solutions. Represent Grain at key travel and fintech industry events and conferences. Sales Execution: Develop and execute a sales and distribution strategy to expand our presence in the European market. Lead a high-performing sales team and ensuring that sales targets and KPIs are met. Lead the end-to-end sales process, from prospecting and pitching to negotiating and closing deals. Collaborate with internal teams (product, marketing, and customer success) to ensure smooth client onboarding and ongoing satisfaction. Market Expertise: Establish strong relationships with key partners, software platforms, and marketplaces. Stay informed about travel industry trends, competitive dynamics, and regulatory changes affecting cross-border payments and FX in this sector. Provide market feedback to the product team to refine offerings and address specific needs in the travel industry. Reporting : Maintain accurate records of sales activities, pipeline development, and forecasts using CRM tools. Consistently meet or exceed sales targets and KPIs. Reporting directly to VP Sales . Management board member Manage Grain B.V., ensure smooth operations and alignment with global Grain goals. Lead strategic initiatives to strengthen Grain B.V. position in the fintech industry. Manage & maintain regulatory compliance of a Dutch investment firm with AFM and European regulatory standards. Responsible for Grain B.V. business strategy & development, governance, financial results, risk management and operation. Represent Grain B.V. vis a vis various regulatory bodies in Netherland and Europe. Qualifications Experience: 5+ years of sales experience in fintech, embedded finance, or FX solutions, with a focus on the travel industry. Leadership experience, with at least 2 years in a managerial or board-level role within the financial industry including facing regulators and government authorities. Proven track record of success in selling to travel businesses, including bedbanks, OTAs, and other intermediaries. Familiarity with the operational and financial challenges faced by travel businesses. A deep understanding of financial regulations, investment firms, and compliance requirements in the Netherlands and European Market Skills: Strong consultative sales skills and ability to simplify complex financial solutions for clients. Exceptional communication, negotiation, and presentation skills. Proficiency with CRM tools (e.g., Salesforce) and sales analytics platforms. Experience in managing and scaling high-growth sales team Regulatory & Suitability requirements: Any candidate applying for this position must meet the following AFM suitability and integrity assessment requirements: Residency: You must reside in the Netherlands. AFM Integrity Screening: If you have not been previously screened by AFM or DNB, an integrity assessment will be required. AFM Suitability Screening: You must meet the Policy Rule on Fitness 2012 (Beleidsregel Geschiktheid 2012), which includes: Management skills: At least 2 years of relevant experience in the last 10 years (minimum 1 year uninterrupted). Leadership experience: At least 2 years of hierarchical leadership in the last 10 years (minimum 1 year uninterrupted). Industry knowledge: At least 2 years of relevant work experience in the last 5 years (minimum 1 year uninterrupted). Operational fitness: At least 2 years of experience in business operations in the last 10 years (minimum 1 year uninterrupted). Attributes : Self-motivated, results-oriented, and able to thrive in a fast-paced, dynamic environment. Analytical mindset to identify opportunities and craft tailored financial solutions for travel businesses. Passionate about fintech innovation and improving efficiency in the travel sector. What We Offer Competitive salary with performance-based incentives. A board-level position with strategic influence. Equity participation through our ESOP plan. Comprehensive benefits package, including health insurance and retirement plans. Professional development opportunities, including a learning and development budget. Collaborative, forward-thinking team and the opportunity to work with cutting-edge technology. Career advancement opportunities in a rapidly evolving industry. Apply Now

Empower travel transactions with currency solutions that secure profits and ensure booking-to-payment currency stability. Discover Grain's end-to-end currency solution for CFOs and cross-currency risk protection for CROs. MARKETPLACES Unlock Possibilities and Opportunities
 for Marketplaces We help marketplaces in enabling smooth collaboration between buyers and sellers by safeguarding their transactions from FX risk. Book a Demo Watch the Video END-TO-END FX HEDGING Gain Financial Control with Our Integrated Solution With Grain, you can elevate your performance, reduce costs, and drive higher sales. Empower your buyers and sellers with the best-in-class cross-currency solution. Streamlined Integration Easily integrate Grain into your platform's payables and receivable process. Smooth Payment Execution Grain takes care of moving funds to their destination, hassle-free. Currency Rate Protection Grain ensures that exchange rates are locked in for future transactions. Complete Payment Control Allow your platform customers
to view, analyze, edit, delete,
or schedule payments. HOW IT WORKS Empowering Marketplaces
 for Risk free Transactions Control payables and receivables, protect against currency volatility, and ensure effortless payment execution with Grain's solutions. Payables & Receivable Control Users can view, edit, and schedule payments or receipts with locked-in exchange rates for future transactions. Currency Rate Protection Grain ensures that exchange rates are locked in, eliminating currency volatility risks. Payment Execution We handle the transfer of funds to their destination, making payments effortless and certain. Enhancing Efficiency, Stability & Reach Discover the Grain benefits designed specifically for Marketplaces. Financial Certainty Lock in exchange rates for payables and receivables, even for future transactions, protecting your users from currency volatility. Global Reach Seamlessly connect buyers and sellers from around the world, facilitating international collaborations with ease. Efficiency Streamline your payment process and eliminate manual entry, saving time and reducing errors. Competitive Advantage Gain a competitive edge by offering seamless currency risk protection attracting a wider user base. Why Choose Grain? Unveiling the Key Benefits for Your Business Reduce FX Pains Grain assumes 100% of your currency risk, guaranteeing your FX rates without the hassle of managing FX volatility on your own. Save Costs Lower your cost of hedging and cross-border payments by a typical factor of 80% relative to existing solutions. Boost Sales Integrate a menu of FX modules that brings measurable financial value to your customers. Simplify Financials Enable your customers to pay you over their local rails without any FX risk and without requiring expensive markups. See Grain in Action Add currency certainty - without the complexity. Get Started Why is currency protection crucial for my business? Currency volatility can lead to unpredictable financial outcomes, affecting your bottom line. Grain's currency protection ensures stability in your international transactions, allowing for more consistent financial planning and reduced risk exposure. How does Grain protect my business from currency volatility? Grain protects your business from currency volatility through our innovative embedded currency hedging solution. Our data-driven cross-currency approach is designed to shield your transactions from currency fluctuations, ensuring stability on future accounts receivables or payables. Using a straightforward data stream via API or file sharing, Grain assumes all currency risks away from you. What kind of data does Grain require to provide currency protection? Grain focuses on transactional data related to your cross-currency activities. This includes details of international transactions, payment histories, and related financial data. We are committed to maintaining the highest standards of data security and privacy. How does Grain's Machine Learning model enhance FX protection? Our Machine Learning model analyzes past transaction patterns to create FX protection strategies specifically for your business or your end users. This includes creating pricing based on customer behavior, like cancellations and payment delays, thereby minimizing risk and maximizing efficiency. What security measures does Grain take to protect my data? At Grain, we prioritize your data's security and privacy. We use advanced encryption and security protocols to ensure that all data processed through our system is protected. Our commitment to data privacy is backed by continuous monitoring and adherence to the latest security standards. Which currencies does Grain support for transactions? Grain supports a wide range of currencies, facilitated by our multi-currency wallet feature. This allows you to create and manage accounts in various currencies, enhancing your ability to conduct and receive payments globally. Whether you're dealing in major world currencies or more localized ones, our platform is designed to cater to your diverse currency needs. How does Grain currency volatility protection work? Grain's currency volatility protection works through an AI-driven solution. Firstly, it integrates with your platform to report transactions. Then, it provides real-time local currency quotes to your users, ensuring exchange rate certainty. Grain assumes 100% of the FX risk, guaranteeing the rates promised. Finally, on the due date, Grain automates the currency exchange at the guaranteed rate, completing the transaction seamlessly. Do I need the entire payment amount to be processed via Grain? No. You can elect whether to convert the entire transaction amount via Grain, or to only settle the currency offsets How does the Grain Local Collection functionality work? Grain opens multiple cross-currency bank accounts, facilitating seamless local collections for global business operations. FAQs

These terms of service set out the important legal information that govern your access to and use of Grains' Services. Grain Financial Technology Ltd. Terms Of Serv ice Last Revised on September 16th , 2024 1. Services and Accounts 2. No Advice 3. Your Rights & Obligations 4. Ownership and Content 5. Third Party Services and Materials 6. Disclaimers, Limitations of Liability and Indemnification 7. Arbitration 8. Additional Provisions 1. Services and Accounts 2. No Advice These Grain Terms of Service (“ Agreement ”) are between you (“ Customer ”, “ you ” or “ your ”) and Grain Finance BV., or any of its affiliates or subsidiaries as indicated in the applicable Confirmation Note (“Grain”, “Company”, “us”, “we” or “our”). This Agreement governs your access and use of Grain Services, as well as any Transactions made or submitted by you, whether executed or not, unless explicitly stated otherwise by Grain, and constitutes the legal relationship between you and Grain. This Agreement includes each order form, Confirmation Note, and any other referenced terms, agreements, and policies. This Agreement does not have to be signed in order to be binding. You indicate your agreement to this Agreement by logging into your account or otherwise using Grain Services. Additional terms and conditions relating to specific services or products may be provided by Grain from time to time and will apply only if you use such specific services or products. Each time you use any of our Grain Services, it will be based on a Transaction (as further explained below), which forms a separate contract between you and Grain and is subject to the terms and conditions of the applicable Transaction, as indicated in the confirmation note issued by Grain (“Confirmation Note”) and this Agreement (including the applicable service or product specific documentation). In the event of any conflict between the terms of a Transaction Confirmation Note and this Agreement, the Confirmation Note of the applicable Transaction shall prevail to the extent of the specific conflict. By accessing or using Grain Services on behalf of an organization or other entity on behalf of whom you are acting; (a) you declare that you are over the age of 18 years old; (b) you declare that you have the right to bind such organization or entity to the terms of this Agreement, and that you and such organization or entity agree to be bound by the terms of this Agreement; (d) all references to “Customer”, “you” or “your” in this Agreement refer to such organization or entity. IF YOU OR SUCH ORGANIZATION OR ENTITY DO NOT AGREE TO BE BOUND BY THIS AGREEMENT, OR YOU DO NOT HAVE THE AUTHORITY TO BIND THE APPLICABLE ORGANIZATION OR ENTITY, YOU MAY NOT ACCESS OR USE GRAIN SERVICES NOR CARRY OUT ANY TRANSACTION. YOU ACKNOWLEDGE AND AGREE THAT GRAIN IS NOT PROVIDING ANY ADVICE, CONSULTATION, ENDORSEMENT, PROFESSIONAL OR FINANCIAL ADVICE, SERVICES, OR RECOMMENDATION IN RELATION TO GRAIN SERVICES, TRANSACTION(S), FINANCIAL DECISIONS, OR THE USE OR NON-USE THEREOF. CUSTOMER’S USE OF GRAIN SERVICES OR SUBMISSION OF TRANSACTION(S) IS ENTIRELY AT CUSTOMER’S OWN RISK. GRAIN DISCLAIMS ANY AND ALL RESPONSIBILITY OR LIABILITY FOR ANY DECISION THE CUSTOMER OR ANYONE ON ITS BEHALF MAKES IN RELATION TO OR IN RELIANCE UPON THE GRAIN SERVICES (INCLUDING ANY SUBMISSION OR ACCEPTANCE OF ANY PARTICULAR TRANSACTION). YOU SHOULD SEEK PROFESSIONAL ADVICE ON THE RISKS INVOLVED IN THE USE OF THE GRAIN SERVICES, INCLUDING SUBMISSION OR CARRY OUT OF ANY PARTICULAR TRANSACTION. 1. Grain Services and Account a. Subject to the terms of this Agreement, Grain may agree to provide you with the following services, as may be offered by Grain from time to time (together, “Grain Services”): (i) the opportunity to carry out cross-currency transactions and lock in the currency exchange rate of future payments in a particular currency rate (as may be available from time to time) at a specified price and on a definite future date (“Transaction(s)”) through its proprietary platform (“Platform”); (ii) Customer’s-side dashboard and online applications as may be offered from time to time, for information, and technology-based insights and risks assessments through the Platform; (iii) local currency collection; and (iv) sale or purchase of currency, at the rate set at the time the Transaction is issued, and conversion of funds from one currency into another at a specified date as agreed with you and set out in the Confirmation Note. Each Transaction shall form a separate, individual binding contract between Customer and Grain. Transactions are not transferable, negotiable, or assignable by Customer to or with any third party. Grain may refuse to accept any request to carry out any Transaction, without giving any reason, and Grain will have no liability to Customer or any other party as a result of doing so. b. You hereby agree and acknowledge that your access to and use of certain Grain Services or features of the Platform may be subject to the Company (including Third Parties and its service providers) completing a user assessment, diligence, identification, and verification process, including having the right, in Company’s sole discretion, to approve, reject, or cancel any Account (as defined below), request submitted through or in relation to the Grain Services/Platform (including any Transaction) at any time, if the Company or its service providers believes such use, Account, request, or Transaction is not in compliance with, or poses a risk, under Company’s policies or not in compliance with applicable laws, rules, or guidelines (including without limitation BSA/AML, fraud, Know Your Customer (KYC), Know Your Business (KYB)). In the event of non-approval or cancellation of any Account, request, or Transaction, the Company shall make reasonable commercial efforts to inform you, subject to applicable law and regulations. The Company will review and approve/reject prospective accounts, user requests, and transactions, and will have the sole discretion of determining the relevant criteria for using the applicable Grain Services and determining whether such criteria were met. The Company will have no liability for the non-completion of or a delay in completing any Transaction in relation to (i) circumstances that prohibit or restrict the execution or performance of a Transaction, including, without limitation, abnormal or unforeseeable circumstances beyond the Company’s reasonable control; (ii) applicable laws, regulations or Rules; (iii) occurrence of errors in quoted rates as a result of the automation of the Grain Services that resulted in erroneous rates being presented when a Transaction is placed; (iv) your violation of this Agreement. Costs and losses arising from the cancellation of a Transaction will be charged to, and payable by Customer. c. Account . To use certain Grain Services, you need to create an account by registering to our Platform (“Account”). You will only be eligible to carry out Transaction and use specific Grain Services once we have completed the applicable checks and assessments (as indicated above) and confirmed your request. You agree to provide us with accurate, complete, and updated information and details in respect of your Account and any action performed therein (including, without limitation, any Transaction submitted or carried out through your Account). You can access, edit, and update your Account details via the following means: navigate to “settings”, and choose to delete your data and/or disconnect any connected accounting software, or email us at: support@grainfinance.co. You are solely responsible for any activity on your Account and for maintaining the confidentiality and security of your Account log-in details and other confidential information therein. We are not liable for any acts or omissions by you or any third party in connection with your Account. You must immediately notify us at support@grainfinance.co if you know or have any reason to suspect that your Account or log-in details have been stolen, misappropriated, or otherwise compromised, or in case of any actual or suspected unauthorized use of your Account. You agree not to create any Account if we have previously eliminated your account, or banned you from any use of Grain Services, unless we provide written consent otherwise. d . Availability of Your Account. We will use commercially reasonable efforts to maintain the availability of the Grain Services; however, we do not guarantee that the Grain Services will be available at all times. You agree to use Grain Services at your own risk and discretion, and you accept and acknowledge that the services and platform are prone to unforeseen issues, which may cause Grain Services or parts thereof to be unavailable or loss of data. You agree that Grain will not be liable or accountable for any reason for any loss as a result of the unavailability or disconnection of Grain Services or parts thereof. In such an event, you agree that your only recourse is to cease using the Grain Services. Grain is entitled, at its sole discretion, to suspend access to the Platform, Account, and/or Grain Services, or otherwise restrict functionality thereof, if (i) you (or anyone on your behalf) is in breach of this Agreement; or (ii) you (or anyone on your behalf), is using the Grain Services in a manner that may cause us or our partners legal liability or disrupt the Grain Services; We may continue any such suspension or restriction as we deem necessary at our discretion. e. In the event that you are unable to fully settle Transaction(s) payment, Grain may deduct any losses or costs from any funds held in your Account, and any overdue shortfall will be charged interest pursuant to applicable law. Subject to applicable law, you hereby acknowledge and agree that the Company can, in its sole discretion at any time and without notice, set off any sum standing to the credit of you in your Account against any payments, costs, charges, or other liabilities which you owe to the Company with respect to the Grain Services. If you are unable to fully settle the Transaction(s) payment, any and all losses, costs, damages, liabilities, and other amounts shall be borne by you. 2. No advice a. You acknowledge and agree that we are not providing any advice, consultation, endorsement, professional or financial services, or recommendation in relation to the Grain Services, Transaction(s), or any part thereof, or your use of the Grain Services, including, without limitation, whether or not to proceed with any specific transaction or the potential implications of any particular transaction. Your use of the Grain Services is your own choice and responsibility, based solely on your own assessment. The Company disclaims all responsibility or liability for any decision you make in relation to the Grain Services (including any Transaction). The Company will not be liable to you, or to any third party, for any loss of opportunity or other loss in relation to exchange rate changes or movements around the transaction time. Users should seek professional advice on the risks involved in the use of the Grain Services, including undertaking Transactions. b. We may provide content, information, data, market information, and materials (“Content”) as part of our Grain Services, and/or on our Platform, social media pages, blogs, or otherwise in connection with the Grain Services and the use thereof. Such Content does not constitute, nor should be deemed as, investment, financial, or professional advice. We encourage you to seek professional advice from a duly qualified and authorized financial services professional or advisor before you use Grain Services and carry out any Transaction. 3. Your Rights & Obligations a. Approved Customers who were accepted to have an Account are permitted to use Grain Services for their internal business purposes, provided that such Customers and any users on their behalf shall comply with this Agreement. b. Your Obligations. You must timely perform all obligations that may be required to establish your use of Grain Services, including but not limited to (i) providing information relating to your organization, technology platforms, systems configurations, business processes, and any other information that is reasonably requested by us; (ii) providing contact information for each bank that you want to use the Grain Services in connection with; (iii) make your personnel available to us as may be reasonably necessary for us to perform under this Agreement; and (iv) complete in a timely manner all your responsibilities in connection with the Grain Services. Your delay or failure to perform your responsibilities shall result in an extension of our dependent obligations due to such delay or failure. You hereby represent, warrant, and covenant to the Company that (1) at all times, you will comply with all applicable laws, agency regulations, and instructions applicable to you, and any order or judgment of any court; (2) you will not use, nor allow anyone to use the Grain Services or any part thereof for any illegal or fraudulent purposes (including, without limitation, money laundering, tax evasion, terrorist financing, or any other illegal activities); and (3) all information you supplied to the Company in relation to the Grain Services shall be retained complete, accurate, up to date, and truthful. Your access and use of Grain Services may be interrupted from time to time for any of several reasons, including, without limitation, the malfunction of equipment, periodic updating, maintenance or repair of service or other actions that Company, in its sole discretion, may elect to take. c. The Platform and Grain Services may be used only in connection with lawful future payment needs and not for any speculative or investment purpose. You agree to provide the Company with such information as may reasonably request to assess your use of the Platform, Transaction, and/or Grain Services in relation to a lawful future payment need. We may refuse any transaction, suspend any incomplete Transaction, or terminate any Account if we or any Third Party suspects that a user is using or intends to use the Platform, Transaction, or Grain Services for investment or speculative purposes, or in violation of this Agreement. d. Rules. To enable the Company to provide you with certain of Grain Services, applicable operating rules, regulations, manuals, policies, and procedures, promulgated by any regulatory authority or third-party service providers (“Rules”), may need to be met before and during your use of such Grain Services. You agree, upon the Company’s request, to provide us with the required information and reasonably cooperate with us in order to meet such Rules and applicable requirements. e. Unauthorized or Incorrect Transaction Details . Customer shall notify the Company in writing (by email to tradeops@grainfinance.co ) as soon as is reasonably practicable after becoming aware of any circumstances which may reasonably result in unauthorized, fraudulent, inaccurate, or incorrect booking or transaction submitted to Grain Services, or if the Customer is otherwise made aware of any such unauthorized, fraudulent, inaccurate, or incorrect use of Grain Services (“Error Details”). The Company shall make commercially reasonable efforts to resolve such matters as the Company deems appropriate, and in accordance with applicable laws, and the Customer shall cooperate with the Company and fulfill Company’s reasonable instructions related to such event. All communication with the Company with respect to any Error Details (including, without limitation, any notice thereof) shall be made between the Company and the Customer in writing. Notwithstanding the foregoing, the Customer (and not the Company) shall be liable for any acts or omissions, transactions, or trades made through its Account or otherwise in relation to such Error Details (including, without limitation, any delay in providing notice and delivery of a notice with insufficient or partial information). The Company has no liability to you or any third party for any unauthorized or incorrectly executed transactions unless statutory law stipulates otherwise. Insofar legally permitted, the Company hereby expressly disclaims and shall not be liable to you or any third party for (i) the execution or failure to execute a payment, or for the defective execution of a payment, if the information provided by you or on your behalf (including through your Account) is incorrect; (ii) errors, mistakes, or non-performance arising from failure to process the payment correctly. In either case, the Company will make reasonable efforts to recover the funds involved in the payment. Customer will be responsible for the costs incurred by the Company for any such recovery. f. Restrictions on Use. You may not do any of the following in connection with your use of Grain Services, unless applicable laws or regulations prohibit these restrictions, or you have our written permission to do so: i. download, modify, copy, distribute, transmit, display, perform, reproduce, duplicate, publish, license, create derivative works from, or offer for sale any information contained on, or obtained from or through, the Grain Services, except for temporary files that are automatically cached by your web browser for display purposes, or as otherwise expressly permitted in this Agreement. ii. duplicate, decompile, reverse engineer, disassemble or decode the Grain Services (including any underlying idea or algorithm), or attempt to do any of the same. iii. use, reproduce or remove any copyright, trademark, service mark, trade name, slogan, logo, image, or other proprietary notation displayed on or through Grain Services. iv. use cheats, automation software (bots), hacks, modifications (mods) or any other unauthorized third-party software designed to modify Grain Services. v. exploit Grain Services for any commercial purpose, including without limitation communicating or facilitating any commercial advertisement or solicitation. vi. access or use Grain Services in any manner that could disable, overburden, damage, disrupt or impair the Grain Services or interfere with any other party’s access to or use of the Grain Services or use any device, software or routine that causes the same. vii. attempt to gain unauthorized access to, interfere with, damage or disrupt the Grain Services, accounts registered to other users, or the computer systems or networks connected to the Grain Services. viii. circumvent, remove, alter, deactivate, degrade or thwart any technological measure or content protections of the Grain Services. ix. use any robot, spider, crawler, scraper, or other automatic device, process, software or queries that interrupt, “mines,” scrapes, extracts, or otherwise access Grain Services to monitor, extract, copy or collect information or data from or through Grain Services, or engage in any manual process to do the same. x. present or enable or allow any viruses, trojan horses, worms, logic bombs or other materials that are malicious or technologically harmful into our systems. xi. violate any applicable law or regulation in connection with your access to or use of Grain Services. xii. access or use Grain Services in any way not expressly permitted by this Agreement. 4. Ownership a. Grain Services, Platform, and content therein, including their “look and feel” (e.g., text, graphics, images, logos), proprietary content, information, and other materials, are protected under copyright, trademark, and other intellectual property laws. You agree that the Company and/or its licensors own all rights, titles, and interests in and to Grain Services (including any and all intellectual property rights therein), and you agree not to take any action(s) inconsistent with such ownership interests. We and our licensors reserve all rights in connection with Grain Services and its content, including, without limitation, the exclusive right to create derivative works. You may not, without our prior written consent and the consent of any other relevant rights owners, broadcast, republish, upload to a third party, transmit, post, distribute, display in public, or change in any way the Grain Services for any purpose. The Company’s name, Company’s logo, and all related names, logos, product, branding, and service names, designs, and slogans are trademarks of the Company or its affiliates or licensors. Other names, logos, product and service names, designs and slogans that appear on Grain Services are the property of their respective owners, who may or may not be affiliated with, connected to, or sponsored by us. b. Feedback. We welcome feedback, comments, and suggestions for improvements to Grain Services (“Feedback”). You acknowledge and expressly agree that any contribution of Feedback does not and will not give or grant you any right, title, or interest in Grain Services or in any such Feedback. All Feedback becomes the sole and exclusive property of the Company, and the Company may use and disclose Feedback in any manner and for any purpose whatsoever without further notice or compensation to you and without retention by you of any proprietary or other right or claim. You hereby assign to the Company any and all right, title and interest that you may have in and to any and all Feedback. 5. Third Party Services and Materials a. You acknowledge that the Platform, Content, and Grain Services include, may rely on, or otherwise facilitate or act as merely a conduit to functionalities, infrastructures, services, and/or operations which are made available by third parties (“Third Party(ies)”), including, for example, currency exchange brokers, and financial banking institutions. Third Parties’ functionalities, infrastructures, services, and/or operations are not operated or controlled by the Company. Notwithstanding anything else in this Agreement or otherwise, the Company makes no warranties or representations express or implied, as to the quality, capabilities, operations, performance, or suitability of Third Parties or their functionalities, infrastructures, services, and/or operations and disclaims all liability resulting from or related to the foregoing, including any effect on Grain Services or any part thereof. b. Certain Grain Services may display, include or make available content, data, information, applications or materials from third parties (“Third Party Materials”) or provide links to certain third party websites or platforms. By using Grain Services, you acknowledge and agree that the Company is not responsible for examining or evaluating the content, accuracy, completeness, availability, timeliness, validity, copyright compliance, legality, decency, quality or any other aspect of such Third Party Materials or websites. We do not warrant or endorse and do not assume and will not have any liability or responsibility to you or any other person for any third-party services, Third Party Materials or third-party websites, or for any other materials, products, or services of third parties. 6. Disclaimers, Limitations of Liability and Indemnification a. Disclaimers. Grain Services may have limited features and functionalities and may contain errors, defects, bugs, or inaccuracies that could cause failures, corruption or loss of data and information from any connected device. Additionally, the beta version of Grain Services may have different standards of security, privacy, availability or reliability that can affect your use of the Grain Services. Your access to and use of Grain Services are at your own risk. You understand and agree that Grain Services are provided to you on an “AS IS” and “AS AVAILABLE” basis. Without limiting the foregoing, to the maximum extent permitted under applicable law, the Company, its parents, subsidiaries, affiliates, related companies, officers, directors, employees, agents, representatives, partners, and licensors (“Company Entity(ies)”) DISCLAIM ALL WARRANTIES AND CONDITIONS, WHETHER EXPRESS OR IMPLIED, INCLUDING WITHOUT LIMITATION OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE OR NON-INFRINGEMENT. The Company Entities make no warranty or representation and disclaim all responsibility and liability for (a) the completeness, accuracy, availability, timeliness, security or reliability of Grain Services; (b) any harm to your computer system, loss of data, or other harm that results from your access to or use of Grain Services; (c) the operation or compatibility with any other application or any particular system or device; and (d) whether Grain Services will meet your requirements or be available on an uninterrupted, secure or error-free basis. No advice or information, whether oral or written, obtained from the Company Entities or through Grain Services, will create any warranty or representation not expressly made herein. b. Liability. (i) TO THE MAXIMUM EXTENT PERMITTED BY LAW IN NO EVENT WILL GRAIN NOR ANY COMPANY ENTITIES BE LIABLE FOR INDIRECT, SPECIAL, EXEMPLARY, INCIDENTAL, CONSEQUENTIAL OR PUNITIVE DAMAGES (INCLUDING, BUT NOT LIMITED TO, PROCUREMENT OF SUBSTITUTE GOODS OR SERVICES, LOSS OF PROFITS, LOSS OF DATA, LOSS OF GOODWILL OR ANY OTHER DAMAGES OR LOSSES), HOWEVER CAUSED AND UNDER ANY THEORY OF LIABILITY, WHETHER UNDER THIS AGREEMENT OR OTHERWISE ARISING IN ANY WAY IN CONNECTION WITH THE USE OF GRAIN SERVICES, AND WHETHER IN CONTRACT, STRICT LIABILITY OR TORT (INCLUDING NEGLIGENCE OR OTHERWISE) EVEN IF GRAIN OR THE COMPANY ENTITIES HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGE OR LOSS. (ii) SUBJECT TO SECTION 6(I), GRAIN AND COMPANY ENTITIES MAXIMUM AGGREGATE LIABILITY ARISING UNDER OR IN CONNECTION WITH ANY TRANSACTION SHALL BE LIMITED TO THE AMOUNT PAID BY CUSTOMER TO GRAIN IN RESPECT OF SUCH TRANSACTION, IN THE CURRENCY, AND AT THE RATE, ACCEPTED BY THE CUSTOMER WHEN BOOKING THE APPLICABLE TRANSACTION, TO THE EXTENT SUCH CLAIM WAS NOT RAISED LATER THAN SIX (6) MONTHS FOLLOWING THE DATE OF THE TRANSACTION SETTLEMENT. (iii) SUBJECT TO SECTION 6(I) AND 6(II), GRAIN AND COMPANY ENTITIES MAXIMUM AGGREGATE LIABILITY FOR DAMAGES ARISING OUT OF OR RELATED TO THIS AGREEMENT SHALL NOT EXCEED THE PAYMENTS THAT WERE ACTUALLY PAID BY THE CUSTOMER TO GRAIN UNDER THIS AGREEMENT DURING THE THREE (3) MONTHS PERIOD PRIOR TO THE DATE THE CLAIM ARISES. IT IS HEREBY EXPLICITLY AGREED THAT ANY LIABILITY ARISING UNDER OR IN CONNECTION WITH ANY TRANSACTION WILL BE SOLELY DEALT WITH UNDER SECTION 6(II). c. Indemnification. By entering into this Agreement and accessing and using Grain Services, you agree that you shall defend, indemnify, and hold the Company Entities harmless from and against any and all claims, costs, damages, losses, liabilities, and expenses (including attorneys’ fees and costs) incurred by the Company Entities arising out of or in connection with (a) violation or breach of this Agreement or any applicable laws or regulations; (b) misuse of Grain Services; or (c) fraudulent acts, negligence or willful misconduct, or (d) any loss, liability, or damage arising from the data and information provided by the Customer or on its behalf in connection with any Transaction. If you are obligated to indemnify any Company Entity hereunder, then you agree that Company (or, at its discretion, the applicable Company Entity) will have the right, in its sole discretion, to control any action or proceeding and to determine whether to settle, and if so, on what terms, and you agree to fully cooperate with Company in the defense or settlement of such claim. 7. ARBITRATION a. Informal Process First. You agree that in the event of any dispute between you and the Company Entities, you will first contact the Company and make a good faith sustained effort to resolve the dispute before resorting to more formal means of resolution, including without limitation, any court action. b. Arbitration Agreement. After the informal dispute resolution process, any remaining dispute, controversy, or claim (collectively, “Claim”) relating in any way to your use of the Company’s services and/or products, including Grain Services, will be resolved by arbitration, including threshold questions of arbitrability of the Claim. You and the Company agree that any Claim will be settled by final and binding arbitration, using the English language, administered by JAMS under its Comprehensive Arbitration Rules and Procedures and the JAMS Consumer Minimum Standards (together, the “JAMS Rules”) then in effect (those rules are deemed to be incorporated by reference into this section, and as of the date of this Agreement). Arbitration will be handled by a sole arbitrator in accordance with the JAMS Rules. The seat of the arbitration will be in New York, New York. Judgement on the arbitration award may be entered in any court that has jurisdiction. 8. Additional Provisions a. Services Changes; Updating this Agreement. The Company reserves the right to make changes and modifications to the Platform and/or Grain Services at any time and from time to time. We may modify this Agreement from time to time in which case we will update the “Last Revised” date at the top of this Agreement. If we make changes that are material, we will use reasonable efforts to attempt to notify you, such as by e-mail and/or by placing a prominent notice on the Platform. However, it is your sole responsibility to review this Agreement from time to time to view any such changes. The updated terms and conditions will be effective as of the time of posting, or such later date as may be specified in the updated terms and conditions. Your continued access or use of Grain Services after the modifications have become effective will be deemed your acceptance of the modified terms and conditions. b. Termination. Grain may close your Account and terminate your access to Grain Services at any time without prior notice (including by terminating any existing Transaction) if: (i) Grain suspects that you are non-comply with the terms of this Agreement; (ii) a liquidator has been appointed in respect of any of your assets, or you otherwise become insolvent; (iii) if required under applicable law, Rules, or regulations, or if Grain suspects that your use of Grain Services may impose risk or liability to Grain. You may request to close your Account and terminate this Agreement at any time by providing Grain written notice (by email or by using the applicable contact form in the Platform). Grain will close your Account within a reasonable period after your notice. Notwithstanding, you will remain responsible for any transactions made on your Account until the access to your Account is deactivated. Upon termination of the Agreement, other than as expressly permitted in this Agreement, Customer and anyone on its behalf will immediately cease using the Platform and Grain Services. Transactions that were placed and confirmed by Grain before your Account is terminated or suspended will not be affected and shall be carried out per the terms of the Confirmation Note and this Agreement. Any amount that is due to Grain under this Agreement, together with accrued interest and any other amount associated with the Transactions carried out or issued under this Agreement, will be paid by the Customer to Grain in full immediately upon termination. Grain will promptly notify the Customer in writing of the amount owed to Grain and such amount shall become properly due and payable. Further, Customer shall be responsible for recovering Grain for any costs and expenses incurred by Grain in connection with the settlement and processes taken in connection with the enforcement of such payment obligations, including reasonable legal expenses. All sections which by their nature should survive the termination of this Agreement shall continue in full force and effect subsequent to and notwithstanding any termination of this Agreement by the Company or you. Termination will not limit any of the Company’s other rights or remedies at law or in equity. g. Event of Transaction Liquidation. Each of the following constitutes a non-compliance or event of breach ("Event"): (i) Customer’s failure to make any payment when due under this Agreement and/or per Confirmation Note, or to perform any other provision or material requirement of any Transaction; (ii) insolvency; (iii) false or misleading information made available by or on behalf of Customer, including without limitation unreported or delay in reporting about any Error Details; (iv) the Customer transfers all or substantially all its assets to another entity; (v) Grain estimations in its sole discretion that Customer's ability to perform its obligations under this Agreement or with respect to a Transaction are harmed or affected. At any time following such an Event Grain may provide the Customer with notice and designate a date for the termination and liquidation of any or all the Customer’s Transactions ("Event Closing Date"). Upon the Event Closing Date, all Transactions will terminate, and an amount equal to the sum of the aggregate values upon termination of all Transactions, determined by Grain in a commercially reasonable manner, will be payable (whether by payment, set-off, or otherwise) to Grain. c. Injunctive Relief. You agree that a breach of this Agreement will cause irreparable injury to the Company for which monetary damages would not be an adequate remedy and the Company shall be entitled to equitable relief in addition to any remedies it may have hereunder or at law without a bond, other security or proof of damages. d. U.S. Government Restricted Rights. The Grain Services and related documentation are “Commercial Items”, as that term is defined at 48 C.F.R. §2.101, consisting of “Commercial Computer Software” and “Commercial Computer Software Documentation”, as such terms are used in 48 C.F.R. §12.212 or 48 C.F.R. §227.7202, as applicable. Consistent with 48 C.F.R. §12.212 or 48 C.F.R. §227.7202-1 through 227.7202-4, as applicable, the Commercial Computer Software and Commercial Computer Software Documentation are being licensed to U.S. Government end users (a) only as Commercial Items, and (b) with only those rights as are granted to all other end users pursuant to the terms and conditions herein. e. Export Laws. You agree that you will not export or re-export, directly or indirectly, the Grain Services and/or other information or materials provided by the Company hereunder, to any country for which the United States or any other relevant jurisdiction requires any export license or other governmental approval at the time of export without first obtaining such license or approval. In particular, but without limitation, the Grain Services may not be exported or re-exported (a) into any U.S. embargoed countries or any country that has been designated by the U.S. Government as a “terrorist supporting” country, or (b) to anyone listed on any U.S. Government list of prohibited or restricted parties, including the U.S. Treasury Department’s list of Specially Designated Nationals or the U.S. Department of Commerce Denied Persons List or Entity List. By using Grain Services, you represent and warrant that you are not located in any such country or on any such list. You are responsible for and hereby agree to comply at your sole expense with all applicable United States export laws and regulations. f. You are responsible for providing the mobile device, wireless service plan, software, Internet connections and/or other equipment or services that you need to download, install and use the Platform. We do not guarantee that the Platform can be accessed and used on any particular device or with any particular service plan. We do not guarantee that the Platform will be available in, or that transactions can be placed from, any particular geographic location. g. Privacy Policy. Our Privacy Policy describes how we handle the information you provide to us when you use Grain Services. For an explanation of our privacy practices, please visit our Privacy Policy located at https://www.grainfinance.co/privacy-policy . h. Miscellaneous. If any provision of this Agreement shall be unlawful, void or for any reason unenforceable, then that provision shall be deemed severable from this Agreement and shall not affect the validity and enforceability of any remaining provisions. This Agreement and the licenses granted hereunder may be assigned by the Company but may not be assigned by you without the prior express written consent of the Company. No waiver by either party of any breach or default hereunder shall be deemed to be a waiver of any preceding or subsequent breach or default. The section headings used herein are for reference only and shall not be read to have any legal effect. The Grain Services are operated by us in the United States. Those who choose to access Grain Services from locations outside the United States do so at their own initiative and are responsible for compliance with applicable local laws. This Agreement are governed by the laws of the State of New York, without regard to conflict of laws rules, and the proper venue for any disputes arising out of or relating to any of the same will be the arbitration venue set forth in this Agreement, or if arbitration does not apply, then the state and federal courts located in New York, New York. You and the Company agree that the United Nations Convention on Contracts for the International Sale of Goods will not apply to the interpretation or construction of this Agreement. You agree to receive email notifications from us and acknowledge that these emails are required to notify you of updates in relation to the Grain Services. i. How to Contact Us. You may contact us regarding the Grain Services or this Agreement at: 8 Shaul HaMelech Blvd, Israel, or by email at support@grainfinance.co. j. Payment services for Grain Finance Ltd. are provided by TransferMate Limited. 3. Your Rights & Obligations 5. Third Party Services and Materials 4. Ownership and Content 7. Arbitration 6. Disclaimers, Limitations of Liability and Indemnification 8. Additional Provisions

Be part of Grain's Risk team, playing a crucial role in supporting and optimizing the company's financial strategies, executing and managing FX trades to ensure optimal market execution, and serving as the primary contact for trading and risk-related communications with liquidity providers and selected partners. < Back FX Execution Trader Be part of Grain's Risk team, playing a crucial role in supporting and optimizing the company's financial strategies, executing and managing FX trades to ensure optimal market execution, and serving as the primary contact for trading and risk-related communications with liquidity providers and selected partners. Full Time Tel Aviv Apply Now Who We Are Grain is a pioneering fintech startup based in the heart of Tel Aviv. We offer embedded cross-currency solutions tailored for software platforms and marketplaces. Grain was founded by seasoned entrepreneurs, formerly of financial institutions such as Barclays, Deutsche Bank, and other renowned fintech startups. Grain is backed by leading venture capital firms and prominent financial institutions. At Grain, we offer an opportunity to shape the fintech landscape and be a part of a community that's committed to excellence. Objectives of this role Efficiently execute and manage FX trades to ensure optimal market execution. Maintain and improve trading tools and processes to increase operational efficiency. Ensure accurate trade allocations and resolution of any discrepancies. Being a point of contact regarding trading related aspects with liquidity providers and selected partners Responsibilities Execute FX trades in accordance with client strategies and market conditions. Optimize Trading Tools to improve efficiency, implement enhancements to optimize control, ensure accurate trade capture, position management & inventory continuity day over day Ensure Trade Accuracy: Work closely with the operations team, bank’s dealing desks and brokers to ensure accurate trade allocations and resolve discrepancies. Maintain real-time monitoring positions, ensuring alignment with client objectives and risk parameters. Work closely with internal teams, including risk management, Data and operation teams. Source Liquidity: Engage with brokers and bank dealing desks to secure necessary liquidity. Ad Hoc Duties: Perform miscellaneous tasks as assigned, including generating ad hoc reports Required skills and qualifications Bachelor's degree in Finance, Economics, Mathematics, or a related field or equivalent industry experience 2+ years of FX trading desk experience, demonstrate ability in executing and managing trades, with a focus on FX derivatives Strong analytical skills and proficiency in statistical analysis tools and software with emphasis on advanced Excel skills Attention to detail to ensure quality, completeness and accuracy of work Excellent communication and interpersonal skills Preferred skills and qualifications Master's degree in finance, economics, mathematics, or a related field Knowledge of Google suite products, has ability to quickly work with new tools Proficiency with MS suite products Knowledge of Python/VBA Fluent in written and spoken English Apply Now

We are Grain! Our mission is to eliminate FX risk by delivering an embedded cross-currency solution. Learn about our story, our team, and what we believe in. Join us on our mission to make financial solutions accessible to businesses of all sizes. WE ARE GRAIN! We Set Out to Eliminate FX Risk Delivering an embedded cross-currency solution that empowers software platforms and B2B marketplaces to secure their transactions against FX volatility. OUR STORY The Origin of Grain The first hedge dates back to the mid-1800s in Chicago, when farmers sought to lock-in prices for grain. To ensure price stability, the dealers committed to buy grain at a specific agreed-upon price, which they paid when the grain was delivered. As the evolution of commerce lifted the international borders of trade for small businesses, certainty in currency exchange rates has become essential for savvy global business owners. Grain mitigates your risk, and your end-users’ exposure to cross-currency volatility. Gain peace of mind, lower costs and drive higher sales with a simple, automated hedging solution without the hassle of bank bureaucracy. Dor Golan Founder & CEO "Currency hedging is crucial, particularly in uncertain times, but often limited to big firms. Grain aims to democratize this, offering every online marketplace and software platform the ability to provide currency hedging to their customers, leveling the global business field." Our Team We are entrepreneurs formerly of Barclays, Deutsche Bank, Wix, Melio and other top fintech startups who are passionate about making financial solutions accessible for businesses of all sizes. Dor previously served as the head of two successful hedge funds and as the co-founder of Horizon, a crypto liquidity provider. He has over 18 years of financial experience. Dor Golan CEO Michal spent 15 years in the financial sector, serving as the Global Head of Barclays FinTech Platform and the COO of Barclays Israel. Michal Beinisch COO As the former head of Barclay’s CEEMEA FX trading platform and the co-founder of Israel's largest FX Hedging non-bank, Aharon brings over 20 years of FX and risk management experience to Grain. Aharon Navon CBO Nir brings over 10 years of experience building and scaling fintech products. Prior to Grain, Nir led product organizations in companies such as Melio, BlueVine and Intuit. Nir Galon CPO Our team What We Believe In Our industry specific solutions are engineered to fit your needs and goals. You Come First We care about our customers. We are focused on providing value and helping our customers succeed. We Get Things Done We are efficient and effective on our mission to simplify an overly complex world. You’re In Good Hands We are experts in our field, we are passionate about what we do, and we are committed to protecting your interests. We Do the Right Thing We challenge the status quo in the pursuit of excellence to always provide the best solutions.