FX Spot Contract definition

FX Spot Contract means a cash-settled contract in a particular currency pair that gives you exposure to changes in value of the spot exchange rate for that currency pair;
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FX Spot Contract means any spot contract for the purchase of one currency against the sale of another currency entered into between the Customer and the Bank pursuant to the terms of this Section VII;
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FX Spot Contract means a Contract where, if such Contract is in relation to a Major Currency, the Value Date is two Business Days after the Contract Date, and if such Contract is in relation to any other currency, such longer period as is market practice for the other currencies.
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Examples of FX Spot Contract in a sentence

  • When we do effect a rollover, the original Transaction will be closed at or just prior to the Last Dealing Time and become due for settlement and a new Transaction in the FX Spot Contract will be created.

  • CAFX is also a registered with the Australian Transaction Reports and Analysis Centre (AUSTRAC) as a an Independent Remittance Dealer CAFX is the Corporate Alliance Entity that is primarily engaged in the provision of Financial Services (advise and dealing activities) in relation to CAFX’s Financial Products, including among others, FX Spot Contract (unless an exception applies), Forward Contract, Options Contract, other derivative products, and non-cash payment product.

Related to FX Spot Contract

  • 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.

  • Smart contract means an event-driven program, with state, that runs on a distributed, decentralized, shared, and replicated ledger and which can take custody over and instruct transfer of assets on that ledger.

  • Procurement Contract or “Contract” means any written agreement of the Authority for the acquisition of goods or services of any kind in the actual or estimated amount of $25,000, or more.

  • Client Contract means a futures or option contract between us and you, which is matched by an identical Contract;

  • sub-contract means the primary contractor’s assigning, leasing, making out work to, or employing, another person to support such primary contractor in the execution of part of a project in terms of the contract;