Glossary entry

Portuguese term or phrase:

dólar à vista

English translation:

Spot transaction exchange rate (against the dollar)

Added to glossary by Andre Lange (X)
Aug 23, 2012 17:05
12 yrs ago
4 viewers *
Portuguese term

dólar à vista

Portuguese to English Bus/Financial Finance (general)
Contexto:

“DÓLAR À VISTA”: cotação do dólar comercial norte-americano em moeda corrente nacional, nas operações à vista, para liquidação em até 2 (dois) dias úteis, válida para a Data de Cotação indicada na CONFIRMAÇÃO.

Proposed translations

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Spot transaction exchange rate (against the dollar)

The word dollar is frequently ommitted since most spot transactions are in dollars anyway.

http://www.bankofengland.co.uk/boeapps/iadb/Rates.asp?into=U...

The Spot Market
What is the Spot Market?
A spot transaction is the exchange of one currency for another currency, fixed immediately in respect of an underlying foreign exchange commitment, at a specified rate, where settlement takes place two business days later. The two day settlement process is due to the fact that the bank requires two business days notice to process
payments due to time zones and currency cut-off times. In instances where urgent payments / receipts are to be processed, one-day value or even same-day value rates of exchange may be provided depending on currency cutoff times. It is also commonly known as ‘Spot Cover’

http://www.commbank.com.au/business/pds/ADB2632.pdf
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agree sellaro
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