Spot Contracts

Spot contracts are the most common type of currency exchange that involves buying and selling currency at the current exchange rate. Spot contracts work on a ‘buy now, pay now’ basis. If you need to make a transaction imminently, spot contracts may be the best solution for you.

What is a Spot Contract?

Spot Contracts refer to the purchase or sale of a foreign currency, financial instrument, or commodity for instant delivery on a specified date. When you use a spot contract, you can choose to exchange currencies today, tomorrow, or the day after at the current market rate. This gives businesses certainty when making urgent overseas payments.

Why Choose Spot Contracts for International Payments?

  1. Real-time Transactions
    Spot contacts enable you to execute immediate transactions at the current exchange rate. This allows you to take advantage of favourable exchange rates and mitigate the impact of currency volatility on your payments.
  2. Flexibility and Convenience
    With spot contracts, you have the flexibility to initiate payments whenever necessary, without the need for long-term commitments. This adaptability is particularly valuable for businesses with varying payment requirements or those dealing with volatile currency markets.
  3. Competitive Exchange Rates
    Fiscal FX provide access to competitive exchange rates, ensuring that you receive the best value for your international payments. We monitor the currency markets closely to deliver accurate rates, helping you save on unnecessary costs.
  4. Reduced Risk
    Spot contracts eliminate the risk of exchange rate fluctuations between the initiation and settlement of payments. By locking in the current rate, you can confidently plan your international transactions without worrying about currency value fluctuations impacting your business.
  5. Streamlined Processes
    Our user-friendly platform simplifies the international payment process, allowing you to send and receive funds efficiently. We provide secure payment channels, ensuring that your transactions are protected throughout the process.

How Can Spot Contracts Help Your Business?

  1. Expert Guidance: Our team of experienced professionals will guide you through the international payment process, offering insights into market trends and helping you make informed decisions. We are dedicated to providing exceptional customer service and support at every step.
  2. Customised Solutions: We understand each business has unique requirements. Our experts work closely with you to tailor payment solutions that align with your specific needs, whether you’re a small business, multinational corporation, or e-commerce platform.
  3. Compliance and Security: As a reputable international payment provider, we prioritise compliance with relevant regulations and industry best practices. Your transactions are safeguarded with state-of-the-art security measures, ensuring that your funds and data remain protected.
  4. Transparent Pricing: We believe in transparency when it comes to pricing. Our competitive rates and fee structure are designed to provide cost-effective international payment solutions, helping you optimise your business’s financial efficiency.

Talk to us about FX solutions for your business today