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  2. Foreign exchange date conventions - Wikipedia

    en.wikipedia.org/wiki/Foreign_exchange_date...

    If the spot date falls on the last business day of the month in the currency pair then the delivery date is defined by convention to be the last business day of the target month e.g. assuming all days are business days: if spot is at 30 April, a one-month time to expiry will make the delivery date 31 May. This is described as trading "end-end".

  3. Forward exchange rate - Wikipedia

    en.wikipedia.org/wiki/Forward_exchange_rate

    According to section 30 of foreign currency translation, foreign exchange transaction should be recorded at the spot rate. The transactions are also recorded at the date of the transaction while the monetary items should be treated by translating them through the use of a closing rate at the balance sheet date.

  4. Foreign exchange market - Wikipedia

    en.wikipedia.org/wiki/Foreign_exchange_market

    A spot transaction is a two-day delivery transaction (except in the case of trades between the US dollar, Canadian dollar, Turkish lira, euro and Russian ruble, which settle the next business day), as opposed to the futures contracts, which are usually three months. This trade represents a “direct exchange” between two currencies, has the ...

  5. Currency future - Wikipedia

    en.wikipedia.org/wiki/Currency_future

    This can be different from the standard way of quoting in the spot foreign exchange markets. The trade unit of each contract is then a certain amount of other currency, for instance €125,000. Most contracts have physical delivery, so for those held at the end of the last trading day, actual payments are made in each currency.

  6. Spot date - Wikipedia

    en.wikipedia.org/wiki/Spot_date

    For example, a one-month foreign exchange forward settles one month after the spot date—i.e., if today is 1 February, the spot date is 3 February and the one-month date is 3 March, assuming these dates are all business days. For a trade with two dates, such as a foreign exchange swap, the first date is usually taken as the spot date.

  7. Spot market - Wikipedia

    en.wikipedia.org/wiki/Spot_market

    It contrasts with a futures market, in which delivery is due at a later date. [2] In a spot market, settlement normally happens in T+2 working days, i.e., delivery of cash and commodity must be done after two working days of the trade date. [1] A spot market can be through an exchange or over-the-counter (OTC).

  8. Spot contract - Wikipedia

    en.wikipedia.org/wiki/Spot_contract

    For example, a one-month foreign exchange forward settles one month after the spot date. I.e., if today is 1 February, the spot date is 3 February and the one-month date is 3 March (assuming these dates are all business days). For a trade with two dates, such as a foreign exchange swap, the first date is usually taken as the spot date.

  9. Value date - Wikipedia

    en.wikipedia.org/wiki/Value_date

    the delivery date of funds traded in banking. For spot transactions it is the future date on which the trade is settled. In the case of a spot foreign exchange trade it is normally two days after a transaction is agreed upon. the date the tax payment would coincide with the payment date in online banking, and retail payment gateways online.

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