Spot Contract definition

Spot Contract means a foreign exchange contract under which we agree to exchange money at an agreed rate within 48 hours of the contract being entered into.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Spot Contract means a contract conferring the obligation to buy or to sell a specified amount of a currency at a specified price within two (2) Business Days after the contract is entered into.

Spot Contract means the Contract for a single shipment.

Examples of Spot Contract in a sentence

• Each Bid Price or Ask Price shall be for a Spot Contract with a specified Value Date and shall specify each Eligible Foreign Currency or tradable U.S. dollar-based currency pairs involved where applicable.

• You will pay the Purchase Price under a Spot Contract in full into Our Account on such date or dates as we may direct, but no later than by 12 midnight on the second Business Day after the date of the Deal Confirmation.

• If you wish to enter into a Spot Contract, you may do so by giving us instructions online, by calling us, or by email if we agree this with you in advance.

• Spot Contract Payments - You must pay us the full amount of a Spot Contract on the day the FX transaction becomes legally binding by payment into our nominated account.

• Each Bid Price or Ask Price shall be for a Spot Contract with a specified Value Date and shall specify each Eligible Foreign Currency or tradable U.S. dollar-based currency pairs involved where applicable or in the case of a CFD in the Reference Asset.

More Definitions of Spot Contract

Spot Contract means a FX Conversion that is an agreement to buy or sell one currency against another currency at an agreed FX Exchange Rate on an agreed Settlement Date that is on or shortly after the date of the relevant Confirmation. User Profile means, with respect to each Authorised User, the electronic profile that records the Authorised User’s details and that is used by them to log into and use the Airwallex Platform on your behalf. Wallet has the meaning given in clause 5.1.

Spot Contract means a contract or arrangement for the sale or purchase of any underlying thing at the spot price, where it is intended for a party to the contract or arrangement to take delivery of the underlying thing immediately or within a period which must not be longer than the period determined by the market convention for delivery of the underlying thing;

Spot Contract means an FX Contract where the Value Date is within the Spot Period and includes for the avoidance of doubt Same Day Contracts and Next Day Contracts.

Spot Contract means a Contract for a currency transaction where the Value Date is two Business Days after the date of the Deal Confirmation.

Spot Contract means a contract or an arrangement for the sale or purchase of any currency or commodity at the spot price, where it is intended for a party to the contract or arrangement to take delivery of the currency or commodity immediately or within a period which must not be longer than the period determined by the market convention for delivery of the currency or commodity;

Spot Contract means a Contract for a currency transaction where the Value Date is one of the following:

Spot Contract means a Contract in relation to a Major Currency where the Value Date is two (2) Business Days after the Contract Date or such longer period as is market practice for other currencies.