Spot Date

Spot Date

The day when a spot transaction is typically settled, meaning when the funds involved in the transaction are transferred. The spot date is calculated from the horizon, which is the date when the transaction is initiated. In forex, the spot date for most currency pairs is usually two business days after the date the order is placed.

An exception to the usual two-day spot-date guideline is the USD/CAD pair, which settles in one business day because this currency pair is commonly traded and its financial centers are in the same time zone. Furthermore, settlement does not have to occur on the spot date. In a short date forward, for example, the transaction is settled in advance of the normal spot date.


Investment dictionary. . 2012.

Игры ⚽ Нужно сделать НИР?

Look at other dictionaries:

  • Spot date — In Finance the Spot Date is the normal settlement day for a transaction done today. This kind of transaction is referred to as a Spot Transaction or simply Spot.The Spot Date may be different for different types of financial transacions. In the… …   Wikipedia

  • Spot date —   Date of delivery of funds, usually 1 or 2 business days after the contract date , depending on the market convention for that currency …   International financial encyclopaedia

  • Spot — The common noun or verb spot has many meanings in English.Otherwise, Spot or SPOT may refer to:Advertising* Radio spot * TV spot * Underwriting spotFiction* Spot the Dog , a series of children s books adapted for animation * Spot (chicken), a… …   Wikipedia

  • Spot Next — A term used in foreign currency trading. Spot next denotes the delivery of purchased currency on a day after the spot date. Spot next contracts come in many lengths, such as spot one week, which implies delivery of the currency one week following …   Investment dictionary

  • Date —   An ISO term. A calendar representation of a point in time.   A number of dates are used in automated systems.   See also: Account fee condition, Accrual date, Accrued interest, Book date, Cleared date, Contract date, Deal date, Delivery date,… …   International financial encyclopaedia

  • Spot maturity date —   The date for which the maturity date is spot date …   International financial encyclopaedia

  • Spot liquidity position —   Liquidity position up to the spot date …   International financial encyclopaedia

  • Spot rate —   exchange rate for delivery on spot date …   International financial encyclopaedia

  • Spot blotch (barley) — Spot blotch is a disease of barley caused by Cochliobolus sativus . The disease is found everywhere that barley is grown, but only significant yield losses in warm, humid climates.cite book last = Mathre first = D.E. title = Compendium of barley… …   Wikipedia

  • Spot blotch (wheat) — Spot blotch is a leaf disease of wheat caused by Cochliobolus sativus .cite book last = Wiese first = M.V. title = Compendium of wheat diseases publisher = American Phytopathological Society date = 1987 pages = 124 pp ] cite book last = Martens… …   Wikipedia

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”