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Spot contract
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== Spot date == {{Main|spot date}} In finance, the spot date of a transaction is the normal settlement day when the transaction is done today. This kind of transaction is referred to as a spot transaction or simply spot. The spot date may be different for different types of financial transactions. In the [[foreign exchange market]], spot is normally two banking days forward for the [[currency pair]] traded. A transaction which has settlement after the spot date is called a forward or a forward contract. [[image: OptionsTimeline.GIF]] Other settlement dates are also possible. Standard settlement dates are calculated from the spot date. For example, a one-month foreign exchange forward settles one month after the spot date. I.e., if today is 1 February, the spot date is 3 February and the one-month date is 3 March (assuming these dates are all business days). For a trade with two dates, such as a foreign exchange swap, the first date is usually taken as the spot date.
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