Are you aware of the term ‘SPOT TRADES’? As the name suggests, - TopicsExpress

Are you aware of the term ‘SPOT TRADES’? As the name suggests, these are trades that are settled on the spot, as opposed to on a specific date in the future. Another name for spot trades is cash trades. It is a mutual agreement contract between two parties. The first party (client) will deliver the specified amount in currency to the second party (Goldium II) and get a specified amount of another foreign currency in return. Two important features of Spot Trades are: a. The exchange rate at which the transaction will be carried out is agreed between the two parties. b. The entire transaction is carried out in one or two working days. #money #cash #currency

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