Cash-Spot is one of the lesser known technical concepts in the forex market. Nothing forex shattering, really, but it is always good to know the technical details of the market we operate in. The forex rates that we see in the normal course, quoted on the screens, in forecasts or in the papers, are all Spot rates unless specifically mentioned otherwise and do not pertain to today. To explain a little clearly, we introduce a few definitions, alongwith examples. Say, the rate is This is the rate we normally see, hear and talk about. This is usually lower than the Spot Rate. Since the Spot Rate is The difference between the two rates is known as the Cash-Spot rate or Cash-Spot difference. This is lower than the Spot Rate, but kshitij than the Cash Rate. In other words, compared to kshitij Spot Rate, the Cash rate is usually at a Discount, whereas the Forward rate is usually at a Premium. The Cash-Spot market is largely a high-volume interbank market as it is based upon banks borrowing in one currency and lending in the other, usually to meet overnight reserve requirements. Thus, the Cash-Spot Forex depends on the difference between the Overnight or Call rates between the two currencies concerned. In such case the Cash-Spot difference understandably increases. Market Timings The Cash-Spot market usually operates kshitij 9. Is the Cash-Spot quoted? Yes, the Cash-Spot and Cash-Tom rates are quoted on most forex rate services such as Reuters, Bloomberg, Newswire 18 and Tickerplant. We also report it daily in the Forward Rate Sheet that is sent kshitij by e-mail kshitij the subscribers of our daily Rupee Update service. What does it mean for Exporters? When an Exporter sells Dollars to a bank at the Spot Rate say If he insists on a credit on the transaction date Cash datethe bank may well deduct the Cash-Spot difference say 2 paise and credit his account at the Cash rate, say So, as a general rule, an Exporter should not insist on a same day credit. What does it mean for Importers? When an Importer buys Dollars kshitij a bank at the Spot Rate, his Rupee account ought to be debited on the Spot date, and not on the transaction date. This is something that the Importer should be careful about and check on a regular basis. On the other hand, it may be good for the Importer to pay for the Dollars at the Forex rate as it would be cheaper than the Spot rate. In such case a debit on the transaction date would be justified. Option Period Vs Fixed Date Forward Contracts: Reproduction of news articles, photos, videos or any other content kshitij whole or in part in kshitij form or forex without express writtern permission of moneycontrol. Quotes NAVs Commodities Futures News Forum Notices Videos All. Keep me signed in Forgot password? My Profile My Portfolio My Watchlist My Messages My Alerts. New to Moneycontrol - Sign up now Its easy and FREE! Username should forex atleast 4 characters. Username not available Suggested Usernames. Alert Your Password should contain 8 or more characters At least 1 number At least 1 symbol At least 1 upper kshitij letter. Keep me signed in. Login Register My Portfolio My Watchlist My Messages Sign out. Home Companies Economy Politics Interviews Cricket World Announcements. Business Markets Stocks Economy Mutual Funds Personal Finance IPO Politics India World Technology Startups. Home Learn Evaluate Buy Track Tools Interact ETFs Investment Watch PowerYourTrade Apps. Home Rates Experts Tools FAQs Real Assets. Home Planning Investing Insurance Tax Retirement Loans Credit Cards Real Estate Fixed Income Master Your Money. Quotes NAVs Commodities Futures News Messages Kshitij Videos All. 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Video of the day. Forex Markets Watchlist Live TV Show Currencies Commodities Fixed Income Personal Finance Mutual Fund Stock Market India IPO Global Market Budget BSE Sensex Forum News. About us Contact Us Feedback Disclaimer Privacy Statement Forex of Use Careers Financial Terms Glossary FAQs Sitemap RSS Feed. Disclaimer Terms of Forex Privacy Statement FAQs Sitemap Feedback. Cash date or Trade date. If today is June, then Cash date is June Second working day forex the Cash date, or day after tomorrow.
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Warrants are also tricky because in everyday life, they are rarely spoken (and it would sound pretty weird if they were).
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