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 $2,503.9 million settled on May 22 and a forward transaction of $743.7 million settled on July 21.
A spot transaction of $2,230.5 million settled on June 27.
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.
Equinix, Inc., 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).
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.