Spot transactions are used to buy and sell currency for an immediate execution and delivery. Same day payment. Book the currency you are needing and have it in the beneficiaries account within a few hours, or once you have bought the currency you can then choose to deliver the funds to the beneficiary on any given date you wish or hold it on account.
A: A Spot Rate is the live market rate between two currencies.
A booked Spot Contract will secure the rate between the two currencies immediately with a settlement date within 5 working days.
A: To book a Spot Contract takes seconds. You can call/email your Account Manager or book online to have this locked in straight away. Trade ticket confirmations are sent directly to you as soon as a Spot Contract is locked in.
With our products, we help our clients stay one step ahead. With market leading expertise and bespoke hedging strategies we can tailor our unique services to any business requirement.
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+44 (0) 203 627 8707