Markets

Spot Contract

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An agreement to exchange one currency for another at an agreed rate, usually for settlement within two working days from the trade date.

How it works

UK-based company Acme Ltd has operational expenses in USD and needs to pay an invoice for USD 500,000. To do so, Acme Ltd executes a Spot Contract:

Variables

Key benefits

Provides a known rate of exchange upfront, giving certainty of cross currency cashflow

Same day delivery is available, to help ensure timely payment

Simple and easy to use

Key risks

Should the contract no longer be required, the cost of unwind will be determined by the prevailing market rate at the time and will be payable by the client

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