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Spot Foreign Exchange

Managing your foreign exchange risk
Spot Foreign Exchange
A spot contract is an obligation that binds you to buy or sell a certain amount of foreign currency at the current market rate, for settlement in two business days' time.

All you have to do is advise HSBC on the amount, both currencies involved and which currency you would like to buy or sell. While all companies that have foreign currency exposure may use a spot deal, they are most commonly used by companies exposed to transactional risk.

 
How is the settlement done?

After a deal is struck, the spot deal will settle through the physical exchange of currencies two working days. This value date reflects both the need to arrange the transfer of funds and the time difference between the currency centres involved.

Key facts
Key facts
Minimum deal size No minimum
Maximum deal size No maximum
Period Not required
Credit line A credit line is required for a swap
Currency pair In any currency pair where there is a liquid forward market
Find out more about currency options and spot foreign exchange to protect against foreign exchange risk.
Apply now Apply now
Benefits:
Manage your foreign exchange risk
Reduce your exposure to transactional risk
No minimum or maximum deal size
 
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