Foreign Exchange Spot and Outright transactions

In a spot exchange transaction a currency exchange at the current rate takes place, which will, unless otherwise agreed, be credited or debited with the usual value of two banking days.

A foreign exchange outright transaction in turn means a firm obligation to either buy or sell a certain currency amount at a later date at a rate decided on the trade date. The exchange of currencies takes place with the same value date.

We broker transactions in the major currencies USD, GBP, CHF and JPY.