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.

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 ?
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.
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.
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.
The monthly turnover in April of traditional foreign exchange products defined as spot transactions, outright forwards and foreign exchange swaps, totalled $1.
2 million changes hands over 8,838 spot transactions.
According to the note, Saudi Arabia was aggressive in terms of issuance of Treasury-bills and Kuwait recently said that it would stop supporting local banks on spot transactions for non-commercial transactions.