Bank draft and Spot: Difference between pages

Latest revision as of 15:43, 4 August 2022

Spot market, spot price, spot rate or spot transaction.

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-A draft drawn by a bank on itself. The draft is purchased by the payor and sent to the payee, who presents it to its bank for payment. That bank presents the draft to the payor’s bank for reimbursement.
+Spot market, spot price, spot rate or spot transaction.
-Also known as Cashier's cheque or a banker's draft.
+== See also ==
+* [[Forward contract]]
+* [[Forward market]]
+* [[Forward rate agreement]]
+* [[Spot market]]
+* [[Spot price]]
+* [[Spot rate]]
+* [[Spot transaction]]
-== See also ==
+[[Category:Accounting,_tax_and_regulation]]
-* [[Bank cheque]]
+[[Category:The_business_context]]
-* [[Draft]]
+[[Category:Identify_and_assess_risks]]
-* [[Payments and payment systems]]
+[[Category:Manage_risks]]
+[[Category:Financial_products_and_markets]]