Spot transaction

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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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
The ASI trade volume amounted to 161,3 million, done in 5,869 spot transactions, valued at KD 21.7 million (USD 73.78 million).
Among other precious metals, palladium increased by 0.25 per cent in spot transactions to $ 1267.15 per ounce.
Main Market Index rose 20.06 to 4,822.6 points, with stock volume at 63.91 million shares, in 2,293 spot transactions, valued at KD 3.2 million (USD 10.5 million).
Gold for April delivery fell by 0.4 percent to $1312.50 an ounce, while silver lost 0.1 per cent in spot transactions to $16.28 per ounce and traded at the lowest level in three months.
With the support of QIB experts, businesses have access to competitive foreign exchange services whether for spot transactions, swaps, or forward options.
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.
Taipei, March 19, 2012 (CENS)--The Taipei International Sporting Goods Show (TaiSPO) 2012 generated spot transactions of US$8.18 million between exhibitors and visitors during its four-day run on March 6-9, and is expected to further materialize post-show business chances worth around US$13.15 million in the short term, according to the show organizer Taiwan External Trade Development Council (TAITRA).
This contrasts sharply with international data which show a 20% increase in global foreign exchange turnover (including spot transactions, outright forwards and foreign exchange swaps) to $4.0 trillion per day from $3.3 trillion in April 2007.