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Spot FX definition

Spot FX means the spot BRL/USD foreign exchange rate on the relevant date as determined by the Determination Agent.
Spot FX means an agreement between two (2) parties to buy one (1) currency while selling another currency at an agreed price for settlement on the spot date (i.e. within a period of 0 – 5 business days). The exchange rate at which the transaction is executed is referred to as the spot exchange rate.
Spot FX means the price that a currency pair is quoted at, for an immediate ‘on the spot’ transaction.

Examples of Spot FX in a sentence

  • Third, as discussed above, the reference used for the Spot FX Rate is very reliable and widely available, and used by numerous market participants.

  • On the Valuation Date, the parties will agree on the Spot FX Rate, which will be expressed as Reference Currency per unit of Settlement Currency.

  • The Spot FX Rate is determined on the Valuation Date by reference to the relevant EMTA Template for the applicable non-deliverable currency, or the WM/Reuters Closing Spot Rate for deliverable currencies, expressed in USD.

  • Second, as noted above, the method for calculating the cash settlement price – calculating the difference between the Spot FX Rate and the Contract Rate – is widely used and generally accepted by market participants.

  • They will calculate the difference between the NDF Contract Price or Rate andthe Spot FX Price or Rate and multiply that difference by the notional amount, to arrive at the cash settlement price.

  • The last trading day is the Valuation Date, when the difference between the prevailing Spot FX Rate and the agreed upon Contract Rate is calculated.

  • Date, agreed by counterparties, on which the difference between the Spot FX Rate and the Contract Rate is calculated.

  • A Spot FX Product is an OTC agreement to exchange an amount in one currency for an amount in another currency at an Exchange Rate agreed on the day of the trade.

  • Spot FX contract are not financial instruments under MiFID II/MiFIR.

  • A foreign exchange spot transaction (Spot FX) is where a party agrees to buy one currency in exchange for another currency at an agreed price for settlement on the spot date.


More Definitions of Spot FX

Spot FX means a foreign exchange contract whose rate is agreed on today for the exchange of two currencies two (2) Business Days from the date it is entered.
Spot FX means a product group where a Deliverable Currency is offered for another Deliverable Currency; Spot XBT means a product group where Bitcoin is offered for a Deliverable Currency; Target Company means a company which is fully or partly owned by a Private Term means the period of time during which you/yourselves, on the basis of the sole discretion of BlockSettle, have been accepted as a Participant and is bound by this Agreement; Terminal means the BlockSettle Terminal; Trading Participant means a BlockSettle accepted user of the Service who (i)

Related to Spot FX

  • Spot film means a radiograph which is made during a fluoroscopic examination to permanently record conditions which exist during that fluoroscopic procedure.

  • Spot Rate for a currency means the rate determined by the Administrative Agent to be the rate quoted by the Person acting in such capacity as the spot rate for the purchase by such Person of such currency with another currency through its principal foreign exchange trading office at approximately 11:00 a.m. on the date two Business Days prior to the date of such determination; provided that the Administrative Agent may obtain such spot rate from another financial institution designated by the Administrative Agent if the Person acting in such capacity does not have as of the date of determination a spot buying rate for any such currency.

  • Spot Price means the rate of exchange at the time at which such price is to be determined for foreign exchange transactions in the relevant Currency Pair for value on the Spot Date, as determined in good faith: (i) by the Seller, for purposes of Section 5, and (ii) by the Non-Defaulting Party, for purposes of Section 8.

  • Spot network means a type of electric distribution system that uses two or more inter-tied transformers to supply an electrical network circuit. A spot network is generally used to supply power to a single customer or a small group of customers. Spot network has the same meaning as the term "spot network" defined in Section 4.1.4 of IEEE Standard 1547.

  • Spot-film device means a device intended to transport or position a radiographic image receptor between the X-ray source and fluoroscopic image receptor. It includes a device intended to hold a cassette over the input end of an image intensifier for the purpose of making a radiograph.

  • Spot remover means any product labeled to clean localized areas, or remove localized spots or stains on cloth or fabric such as drapes, carpets, upholstery, and clothing, that does not require subsequent laundering to achieve stain removal. Spot remover does not include dry cleaning fluid, laundry pre-wash, or multi-purpose solvent.

  • NSPOT means NCDEX Spot Exchange Ltd., which has been appointed by FCI for conducting E-Auction on its behalf.

  • Spot Market means a commodity market in which commodities are sold for cash and promptly delivered when the transaction is settled, and other non-financial markets, such as forward markets for commodities;

  • Spot Market Backup means the purchase of energy from, or the delivery of energy to, the PJM Interchange Energy Market in quantities sufficient to complete the delivery or receipt obligations of a bilateral contract that has been curtailed or interrupted for any reason.

  • Spot Market Energy means energy bought or sold by Market Participants through the PJM Interchange Energy Market at System Energy Prices determined as specified in Operating Agreement, Schedule 1, section 2, and the parallel provisions of Tariff, Attachment K-Appendix, section 2.

  • Spot Exchange Rate has the meaning specified in the related Terms Document.

  • Agent’s Spot Rate of Exchange means the Agent’s spot rate of exchange for the purchase of the relevant currency with the Base Currency in the London foreign exchange market at or about 11:00 a.m. on a particular day.

  • spot rate of exchange shall include any premiums and costs of exchange payable in connection with the purchase of, or conversion into, United States dollars.

  • Spot means a date, of which the payment/delivery date equals the date on which the transaction is concluded with the addition of two Trading Days. On the basis thereof, the following system-supported standard terms are available:

  • Revaluation Date means with respect to any Letter of Credit, each of the following: (a) each date of issuance of a Letter of Credit denominated in an Alternative Currency, (b) each date of an amendment or extension of any such Letter of Credit and (c) each date of any payment by the applicable L/C Issuer under any Letter of Credit denominated in an Alternative Currency.

  • Open burning means the combustion of any material without the following characteristics:

  • Distributor branch means a branch office similarly maintained by a distributor for the same purposes a factory branch is maintained.

  • iron ore concentrates means products (whether in pellet or other form) resulting from secondary processing but does not include metallised agglomerates;

  • SIFMA Municipal Swap Index means on any Rate Determination Date the Securities Industry and Financial Markets Association Municipal Swap Index, produced and made available by Municipal Market Data as of 3:00 p.m., New York City time, on the Rate Determination Date.

  • Spray buff product means a product designed to restore a worn floor finish in conjunction with a floor buffing machine and special pad.

  • Option Exchange Ratio means the quotient obtained by dividing the Per-Share Cash Amount by the Parent Stock Price.

  • TFEU means the Treaty on the Functioning of the European Union;

  • Tobacco products means cigars, cigarettes, cheroots, stogies, periques, granulated, plug cut, crimp cut, ready rubbed, and other smoking tobacco, snuff, snuff flour, moist snuff, cavendish, ping and twist tobacco, fine-cut and other chewing tobaccos, shorts, refuse scraps, clippings, cuttings and sweepings of tobacco, and other kinds and forms of tobacco, prepared in such manner as to be suitable for chewing or smoking in a pipe or otherwise, or both for chewing and smoking.

  • Agreed Foreign Currency means, at any time, (i) any of Canadian Dollars, English Pounds Sterling, Euros, Japanese Yen, Australian Dollar, Swiss Franc, Swedish Krona and New Zealand Dollar, and (ii) with the agreement of each Multicurrency Lender, any other Foreign Currency, so long as, in respect of any such specified Foreign Currency or other Foreign Currency, at such time (a) such Foreign Currency is dealt with in the London interbank deposit market, (b) such Foreign Currency is freely transferable and convertible into Dollars in the London foreign exchange market and (c) no central bank or other governmental authorization in the country of issue of such Foreign Currency (including, in the case of the Euro, any authorization by the European Central Bank) is required to permit use of such Foreign Currency by any Multicurrency Lender for making any Loan hereunder and/or to permit the Borrower to borrow and repay the principal thereof and to pay the interest thereon, unless such authorization has been obtained and is in full force and effect.

  • U.S.-Canadian Exchange Rate means, on any date: (i) if on such date the Bank of Canada sets an average noon spot rate of exchange for the conversion of one United States dollar into Canadian dollars, such rate; and (ii) in any other case, the rate for such date for the conversion of one United States dollar into Canadian dollars calculated in such manner as may be determined by the Board of Directors from time to time acting in good faith;

  • NEC Electronics products means any product developed or manufactured by or for NEC Electronics (as defined above).