The settlement of a transaction by receipt or tender of financial instrument or currency.
Delivery
Related Terms
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Currency hedging is the creation of a foreign currency position, simply known as a “hedge“, with the purpose of offsetting any gain or loss on the underlying transaction by an equal loss or gain on...
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A currency forward is an agreement that locks in an exchange rate the day on which the agreement is signed for a transaction that will be completed later.
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The delivery date, also known as the settlement date or value date, refers to the specific date on which an investment contract must be completed. Companies using financial instruments like...
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The forex spot rate (or FX spot rate) is the amount it costs in one currency to buy another currency for immediate delivery. There isn’t a single “spot” rate. When opening a trade, FX traders are...
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Tomorrow Next efers to a short-term forex transaction in which a currency pair is simultaneously bought and sold with two different value dates.