Spot FX Transaction definition

Spot FX Transaction means, for the purposes of this Agreement, a FX Transaction with a settlement date: (i) within T+2; or (ii) between T+2 and T+5, where the FX Transaction (1) was entered into contemporaneously with a related security transaction and requires settlement on or before the relevant security transaction settlement deadline; and (2) is intended, at the time of execution, to be settled by the delivery of the currency within the aforementioned time periods; and (3) does not allow for the FX Transaction to be rolled over;

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Spot FX Transaction means a trade where the value date is two business days after the transaction date.

Spot FX Transaction means any Transaction for FOREX Services whereby a Client purchases another currency at the exchange rate prevailing at the time of concluding the Transaction, and takes delivery of the purchased amount on the Settlement Date which is either: (i) within (2) two Trading Days or (ii) where one or more of the currencies traded is not a Major Currency, the standard delivery period generally accepted in the market for the relevant currency pair;

Examples of Spot FX Transaction in a sentence

• When a Spot FX Transaction is rolled over for a period of three (3) days or greater from the original transaction date, the transaction then becomes a Forward Foreign Exchange Contract and can only be undertaken by Wholesale Customers.

• In the case of Take Profit FX Orders, the Customer acknowledges that if the corresponding Spot FX Transaction is entered into at the Order Rate, the Customer will receive the full benefit that it has contracted for.

• The cancellation of a FX Order will result in the cancellation of that FX Order and the termination of the contract to enter into the corresponding Spot FX Transaction or FX Order or perform the Order Service the subject of that FX Order (if a contract had been formed), and neither the Bank nor the Customer will have any obligations or liabilities in respect of that FX Order.

• A FX Order generally used by a Customer to manage foreign exchange loss so that when a specified rate of exchange falls below or exceeds (as the case may be) the corresponding Order Rate, the Spot FX Transaction the subject of that FX Order will be entered into at the next traded, lower or higher (as the case may be) level of the specified exchange rate, as determined by the Bank in its absolute discretion acting in good faith.

• In the case of Stop Loss FX Orders, the Customer acknowledges that the requirement that the relevant market exchange rate fall below or exceed (as the case may be) the Order Rate and for the corresponding Spot FX Transaction to be entered into at the next traded lower or higher (as the case may be) rate, means that the losses of the Customer will be greater than if the corresponding Spot FX Transaction were entered into at the Order Rate.

More Definitions of Spot FX Transaction

Spot FX Transaction means a foreign exchange transaction which has a settlement date which is the market convention for spot transactions in the corresponding Currency Pair.

Spot FX Transaction means a foreign exchange transaction which has a settlement date which is the market convention for spot transactions in the corresponding Currency Pair. Terms and Conditions governing ANZ eMatching

Spot FX Transaction means any Transaction for FOREX Services whereby you purchase a currency at the exchange rate prevailing at the time of performance of the Transaction, and take delivery of the purchased amount on a Settlement Date which is either:

Spot FX Transaction means a Transaction to buy one currency against selling another currency at

Spot FX Transaction means a currency purchase and sale that is bilaterally settled by the counterparties via an actual delivery of the relevant currencies within two Business Days.

Spot FX Transaction means a Transaction to buy one currency against selling another currency at an agreed price for settlement on the Spot Date.

Spot FX Transaction means a FX transaction where the settlement of it is scheduled to be on or before the Value Date;