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Forex Trading What is a spot deal?
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Question by: Henry - 07 Aug 2015, 09:27:38
What is a spot deal?
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Answers (3)
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Answer by: Joseph - 10 Aug 2015, 09:47:46

A foreign exchange deal that consists of a bilateral contract.

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Answer by: Samanthar - 13 Aug 2015, 09:14:58

A foreign exchange deal that consists of a bilateral contract between a party delivering a certain amount of a currency against receiving a certain amount of another currency from a second counterparty, based on an agreed exchange rate, within two business days of the deal date.

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Answer by: Jeremy - 14 Aug 2015, 09:24:41

The exception is the Canadian dollar, in which the spot delivery is executed within one business day.

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