Spot transaction

Spot transaction

A foregin exchange transaction in which each party promises to pay a certain amount of currency to the other on the same day or within one or two days.

Spot Transaction

Any transaction that does not occur in the futures or forward market. That is, the participants in a spot transaction agree to buy and sell, respectively, at the present market value and to settle the transaction a few days (usually one, two, or three) later. The term is most common in the foreign exchange market.
References in periodicals archive ?
According to IDC, the service providers currently in the space provide either contract management services or spot transaction services, the latter being more prevalent.
A spot transaction of $ 1,000 million settled on July 18.
ICBC obtained the qualification as a market maker of the first RMB-KRW direct trading and concluded the first yuan-won spot transaction upon market opening.
ICBC, designated as one of the first market markers, conducted the first RMB-ZAR spot transaction upon market opening.
ICBC successfully obtained the market-making qualification for direct RMB-CHF trading on the interbank foreign exchange market, becoming one of first permitted to do so, and completed the first RMB-CHF spot transaction soon after the opening of the market.
Customers also pay a standard Spot transaction brokerage fee to EBS.
the global interconnection and data center company, today announced that LMAX Exchange, the first Financial Conduct Authority (FCA) regulated MTF for foreign exchange spot transaction, has launched a matching engine in Equinix s International Business Exchange (IBX) data center in Tokyo (TY3).
com platform is now equipped to meet the needs of all metal procurement professionals, whether it is for a spot transaction, for just-in-time inventory, or for more strategic requirements involving a company's preferred trading partners.
4 million shares, done in 3,112 spot transactions, valued at KD 10.
With the support of QIB experts, businesses have access to competitive foreign exchange services whether for spot transactions, swaps, or forward options.
For years now, turnover from spot transactions on the interbank market has been in decline.
In 2010 alone, the rupee's spot transactions have reached US$30 billion, which is 40% of total forex transactions done in India for the same year.