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In finance, a spot contract, spot transaction, or simply spot, is a contract of buying or selling a commodity, security or currency for immediate settlement (payment and delivery) on the spot date, which is normally two business days after the trade date. The settlement price (or rate) is called spot price (or spot rate).
A foreign exchange spot transaction, also known as FX spot, is an agreement between two parties to buy one currency against selling another currency at an agreed price for settlement on the spot date. The exchange rate at which the transaction is done is called the spot exchange rate.
In a spot market, settlement normally happens in T+2 working days, i.e., delivery of cash and commodity must be done after two working days of the trade date. [1] A spot market can be through an exchange or over-the-counter (OTC). Spot markets can operate wherever the infrastructure exists to conduct the transaction.
In finance, the spot date of a transaction is the normal settlement day when the transaction is carried out as soon as practical, i.e. "on the spot". [1] This kind of transaction is called a "spot transaction" or simply "spot", and is often described as such in contrast to a transaction which is not settled immediately, such as a futures contract or a forward contract.
What are foreign transaction fees? A foreign transaction fee is a surcharge that your card issuer or bank applies when you make a purchase in a foreign country or with an international merchant ...
A foreign exchange swap has two legs - a spot transaction and a forward transaction - that are executed simultaneously for the same quantity, and therefore offset each other. Forward foreign exchange transactions occur if both companies have a currency the other needs.
Spot Ether ETFs will track the spot—or current—price of Ether. The products give investors access to the underlying crypto without the need to own a crypto wallet. The ETFs will be set up as ...
Second, it sets its transaction fees based on the size and necessary computing power of each transaction. That makes its prices much more predictable than Ethereum's congestion-based gas fees .