Spot Contract

A Spot Contract is a contract for settlement (payment and delivery) on the spot date, which is normally two business days after the trade date.

• Example(s):
  • a Gold Spot Contract.
  • …
• Counter-Example(s):
  • a Forward Contract.
  • a Futures Contract.
• See: Finance, Commodity, Security (Finance), Currency, Settlement (Finance), Trade Date.

---

---

References

2014

• (Wikipedia, 2014) ⇒ http://en.wikipedia.org/wiki/spot_contract Retrieved:2014-2-3.
  • In finance, a spot contract, spot transaction, or simply spot, is a contract of buying or selling a commodity, security or currency for settlement (payment and delivery) on the spot date, which is normally two business days after the trade date. The settlement price (or rate) is called spot price (or spot rate). A spot contract is in contrast with a forward contract or futures contract where contract terms are agreed now but delivery and payment will occur at a future date.

---