A Spot contract enables you to take advantage of an exchange rate immediately and then transfer monies, all within a very short timescale. If your business needs to move quickly on a transaction – for example, if you’re late paying an invoice – a Spot trade could be the answer.
We offer competitive pricing and a same day service that means you can settle transactions faster than the market norm of 48 hours. If you’re transacting in a ‘same day value’ currency and your funds arrive before 2pm, settlement will happen on that day.
You’ll also have the option of taking advantage of a settlement period of up to one week, during which your agreed exchange rate will be held. And in addition to flexibility over when you make the settlement, you’ll also have flexible ways to trade either over the phone or online.