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.
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).
Themed "New Assets Management; Safeguard China's Economic Development", the conference addresses concerns on how to better service the nation's entity economy, the adjustment of economic structure, the upgrade of the industry, the improvement of the bulk commodity market, the emphasizing on spot transaction and the leveraging of the power of international pricing etc.
A spot transaction of $ 1,000 million settled on July 18.
Customers also pay a standard Spot transaction brokerage fee to EBS.
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.
The session saw sealing of 3,560 spot transactions worth KD 15.
The session saw sealing of 4,462 spot transactions worth KD 20.
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.
To give clients greater flexibility, Mubasher is offering four pairs of CNH/USD and CNH/JPY as Contracts For Difference (CFDs) and foreign exchange spot transactions (Spot FX).
Spot transactions are taken up to meet the government's foreign exchange obligations towards payment of expenses such as embassy wages or purchase of military hardware.
It did not affect spot transactions of stocks, the bourse said.