Definitions for "Foreign Exchange Contract"
A contract for the purchase or sale of a foreign currency.
Any effectuation between the parties for the purchase by one party of an agreed amount in one currency against the sale by it to the other of an agreed amount in another currency, both such amounts either being deliverable on the same value date or, if the parties have so agreed, being cash settled in a single currency.
an agreement for the purchase and sale of a foreign currency.