Forex Regular Transactions
Tod (Today Transactions) – These transactions happen right same day as the deal is managed.”
Tom (Tomorrow) – Transactions will take on the next working day following the deal.
Spot Transactions will take after two days. There are deals that may close more than two days later.
Real value date
The ‘value date’ in Forex vocabulary (or payment date) is the real date of money transfer between market participants as transactions can be done at the same moment the deal is organized or can be fixed to some moment in future.
Payment instructions. Along with statistics the most popular transactions are those with the Spot value date, as it takes much more time to achieve the deal than to organize it. This is because of the preparing of all the essential documents and the settlings with contractors that are commonly located in different time zones.
Written by FxErvin