Spot Transaction definition

Spot Transaction means any Transaction that involves deliveries of product for a period of less than five days.

Spot Transaction means a contract conferring the obligation to buy or to sell a specified amount of a currency at a specified price within two

Spot Transaction means a transaction for the sale and purchase of Spot Capacity between the Operator and a shipper. Standard Shipper Contract means the contract of that nature required to be made available on the Operator's website. State means the State of Western Australia.

Examples of Spot Transaction in a sentence

• Order for a Spot Transaction or Forward Transaction2.7. The Client may make out to the Bank a binding order to execute a Spot or Forward Transaction depending on developments in the foreign exchange markets (hereinafter only a “Foreign Exchange Order”).

• In the case of a Spot Transaction, the Bank reserves the right to change or defer the Conversion and transfer of funds compared to the date set in the previous sentence in the event that the Conversion Date is not a Business Day in the country where the main financial centre for the traded currency is situated; in this case the Bank shall settle the Spot Transaction on the next following date that is a Business Day in the country in question and in the Slovak Republic.

• In the case of a Spot Transaction, the Bank reserves the right to change or defer the Conversion and transfer of funds compared to the date set in the previous sentence in the event that the Conversion date is not a Business Day in the country where the main financial centre for the traded currency is situated; in this case the Bank shall settle the Spot Transaction on the next following date that is a Business Day in the country in question and in the Slovak Republic.

• If a Foreign Exchange Order is executed, the Bank shall be obliged to make provision for settlement of the Spot Transaction or Forward Transaction at the agreed Exchange Rate provided that the Client has fulfilled all conditions for the Spot Transaction or Forward Transaction within the validity period for the Spot or Forward Transaction.2.11.

• Payment into our account of the full amount required to settle the Spot Transaction must be initiated on the day the Transaction becomes legally binding.

More Definitions of Spot Transaction

Spot Transaction means a transaction that settles via an actual delivery of the

Spot Transaction means exchange transaction effected by telegraphic transfer

Spot Transaction means a transaction where the value date is less than two working days after the order; and

Spot Transaction means purchase, sale, and exchange of foreign currencies with receipt or delivery of the foreign currencies within a specified time which shall not exceed 2 business days from the trade date.

Spot Transaction means a Transaction for the purchase or sale of one Currency in exchange for another Currency for settlement less than two Business Days after the time that such Transaction is entered into.

Spot Transaction means a contract for the exchange of one currency against another, under the terms of which delivery is scheduled to be made within the longer of 2 trading days in respect of the Major Currencies, or where at least one currency is not a Major Currency, the longer of 2 trading days or the period generally accepted in the market for that currency pair as the standard delivery period (a contract will not be a Spot Contract where, irrespective of the explicit terms, there is an understanding between the parties that delivery is to be postponed and not performed within the specified time period);

Spot Transaction means a Transaction where the Value Date falls within the Spot Period.