The exchange of one currency for another at a specified rate for settlement in 2 working days.
a margin foreign exchange contract where the settlement date is within two business days after the date of entering the transaction
an agreement to buy or sell a currency at a current exchange rate
an exchange of two currencies for settlement within two business days
a straightforward exchange of one currency for another
A transaction in which the foreign exchange contract value date (date on which delivery of the currency and financial settlement occurs) is two business days after the date of the transaction.
Immediate purchase of currency at agreed rate based on real-time prices, valid for two days
A true spot transaction is a transaction requiring prompt delivery of and full payment for the currency. In the interbank market, spot transactions are usually settled in two business days. This term may also be used to refer to transactions that the parties expect to offset or roll over within two business days, but these transactions are not true spot transactions and are governed by the federal Commodity Exchange Act.
The exchange of one currency for another at a specified rate, for immediate delivery. A spot transaction is the most common type of foreign exchange trade.
is an agreement to pay the prevailing market price for a currency or financial instrument for immediate delivery which for example means two days time for most major currencies.
A transaction where both parties agree to pay each other a specific amount in a foreign currency either on the same day or within a maximum two days of each other.
Currency transactions where settlement for both parties is at the latest two working days (generally on the second working day) after conclusion of the contract.
A foreign 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.