Spot Contracts
A straightforward exchange of one currency for another, spot contracts allow immediate delivery of foreign currency payments or conversion of foreign currency receipts into U.S. dollars. The spot rate is the price of one currency bought or sold against another.
Benefits
- Work with a personal team dedicated to pricing, execution, advisory services and follow-up
- Lock in U.S. Dollar value of the currency bought or sold. Exchange rates guaranteed on the trade date
- Process and settle transactions in two business days
- Conversions for Canada settled in one business day
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