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BLOCKROCK

Swap deals

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 — and at the end of the cycle, one net payment settles the balance.

In our books

56

carriers both buy from us and sell to us.

Counted from our customer and supplier invoices.

How it works

Two directions of traffic. One payment.

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
4.2M min
We carry for you
3.9M min
Settlement
One net payment

Example figures

Why carriers swap

An arrangement for operators with routes to exchange.

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.

Routes you cannot buy

An in-country route that is not for sale at a sensible price often is available in exchange for the route that makes the other market work.

The margin stays in the route

No intermediary takes a spread in either direction. Each side earns on the quality of its own termination.

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, agreed before the first call.

  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

    Either side can end a swap that has become one-sided, with the balance settled in cash.

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?+
Volume is not the qualifier. A balanced fifty thousand minutes a month with a counterparty who settles cleanly is worth more than ten times that with one who does not.
What if the traffic becomes unbalanced?+
The agreed ceiling decides: rates adjust, volume is throttled, or a payment is made. If the swap no longer serves both sides, it ends and the balance is settled in cash.
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

Have a route we need? Let's trade.

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