Spot Transaction

Spot Transaction (immediate exchange of currency) is an agreement between the bank Finasta and the customer on sale or purchase of foreign currency at the exchange rate specified in the contract whereby the payment is made no later than within two business days from the date of the transaction. It is the simplest transaction of non-cash exchange of foreign currency and is therefore especially useful to enterprises that deal in foreign currency.

 

Those who wish to conclude a spot transaction must have an account with the Bank Finasta. It can be opened at any customer service branch or through the internet banking facility of the Bank Finasta.