Currency market

Glossary

Account types and trading conditions

Types of orders and terms of performance

Moving of transaction to new value date – SWAP

Trading time

Margin requirements

Argument solution

Contracts on Forex market within the IFC Markets are performed due to SPOT conditions. A spot transaction is a straightforward (or outright) exchange of one currency for another. The spot rate is the current market price or 'cash' rate. Spot transactions do not require immediate settlement, or payment 'on the spot'. By convention, the settlement date, or value date, is the second business day after the deal date on which the transaction is made by the two parties.