Spot transaction


 

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Spot transaction

A foregin exchange transaction in which each party promises to pay a certain amount of currency to the other on the same day or within one or two days.



Spot transaction

Similar Matches

Transaction account

Transaction account

A checking or similar account from which transfers can be made to third parties. Demand-deposit accounts, negotiable order of withdrawal NOW accounts, automatic transfer service (ATS) accounts, and credit union share draft accounts are examples of transaction accounts at banks and other depository institutions.


Taxable transaction

Taxable transaction

Any transaction that is not tax-free to the parties involved, such as a taxable acquisition.


Interfund transactions

Interfund transactions

Financial arrangements effected by payments made from one fund group (either Federal funds or trust funds) to another group.


Transaction fee

Transaction fee

A charge an intermediary, such as a broker-dealer or a bank, assesses for assisting in the sale or purchase of a security.


Official reserve transactions

Official reserve transactions

Transactions by a central bank that cause changes in its official reserves. These are usually purchases or sales of its own currency in the exchange market in exchange for foreign currencies or other foreign-currency-denominated assets. In the balance of payments a purchase of its own currency is a credit (+) and a sale is a debit (-).


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