Spot Contract means a foreign exchange contract under which we agree to exchange money at an agreed rate within 48 hours of the contract being entered into.
Spot Contract means a contract conferring the obligation to buy or to sell a specified amount of a currency at a specified price within two (2) Business Days after the contract is entered into.
Spot Contract means the Contract for a single shipment.
Examples of Spot Contract in a sentence
The date on which you request a Spot Contract and the Bank agrees to provide that Spot Contract shall be the Trade Date.
When requesting a Spot Contract, you must specify (a) the Foreign Currency to be exchanged with the Bank; (b) the amount of Foreign Currency; and (c) the Settlement Instructions.
More Definitions of Spot Contract
Spot Contract means a FX Conversion that is an agreement to buy or sell one currency against another currency at an agreed FX Exchange Rate on an agreed Settlement Date that is on or shortly after the date of the relevant Confirmation. User Profile means, with respect to each Authorised User, the electronic profile that records the Authorised User’s details and that is used by them to log into and use the Airwallex Platform on your behalf. Wallet has the meaning given in clause 5.1.
Spot Contract means a contract or an arrangement for the sale or purchase of any currency or commodity at the spot price, where it is intended for a party to the contract or arrangement to take delivery of the currency or commodity immediately or within a period which must not be longer than the period determined by the market convention for delivery of the currency or commodity;
Spot Contract means a contract or arrangement for the sale or purchase of any underlying thing at the spot price, where it is intended for a party to the contract or arrangement to take delivery of the underlying thing immediately or within a period which must not be longer than the period determined by the market convention for delivery of the underlying thing;
Spot Contract means an FX Contract where the Value Date is within the Spot Period and includes for the avoidance of doubt Same Day Contracts and Next Day Contracts.
Spot Contract means a contract for the sale or purchase of a currency for delivery in 2 business days.
Spot Contract means a transaction where the Value Date is less than two Working Days after the Order Date.
Spot Contract means a Contract that settles via actual delivery of the relevant currencies (i) on or within two Business Days of the Contract Date or (ii) the period generally accepted in the market for that currency as the standard delivery period.