Spot Trades – Goldium

By: Goldium  09-12-2011
Keywords: foreign currency, Exchange Rate

Spot trades are the most common type of foreign currency exchange trade. The spot trade is a mutual agreement contract between the client, (party A), who delivers the specified amount in currency and receives a specified amount of another foreign currency from Goldium II (party B). There is an agreed exchange rate upon which this transaction will be based. Settlement occurs between one or two working business days.

Keywords: Exchange Rate, foreign currency

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Whether you’re planning a vacation trip to a foreign country, or paying your clients, suppliers or business partners with foreign funds, we are able to provide you with a more cost efficient foreign currency service; we are the alternative choice for clients who normally do currency conversion with their local chartered banks. At Goldium II we are dedicated to helping our customers conduct their financial affairs in a safe, private manner.