Definitions for "Spot Deal"
A Forex trade where one party delivers a specific currency against receiving another currency based on an agreed rate from the other party party within 2 business days.
An FX deal whereby one party will deliver a specified amount of a certain currency and receive a specified amount of another currency based on an agreed rate of exchange, within two business days; one day in the case of the Canadian Dollar.
an agreement or transaction between a client and FNB International Banking who will sell one currency (the client's import requirements) in exchange for another (the client will pay Rand) with cash settlement in two business days time (the spot date)