Common Contracts
1 similar Spot Foreign Exchange Agreement contracts
ContractSpot Foreign Exchange Agreement • December 23rd, 2014
agreements’’ under section 11(e)(8)(D)(vi) of the Federal Deposit Insurance Act, as amended (12 U.S.C. 1821(e)(8)(D)(vi)): A spot foreign ex- change agreement is any agreement providing for or effecting the purchase or sale of one currency in exchange for another currency (or a unit of account established by an intergovernmental organization such as the European Cur- rency Unit) with a maturity date of two days or less after the agreement has been entered into, and includes short-dated transactions such as to- morrow/next day and same day/tomor- row transactions.
