Business FX
Exchange at a rate agreed today.
The simplest form of currency exchange: you agree a rate now, and the transaction settles shortly afterwards.
When a spot contract fits
A spot contract suits a payment you need to make now, where the rate available today is acceptable and there is no reason to fix a rate for a later date.
It is the right starting point for most one-off payments: an invoice due, a single supplier settlement, a transfer that is not part of a longer schedule.
The spot journey
Quote, confirm, settle
- 1
Quote
Tell us the currency pair, amount and when the funds are needed. We come back with a quote for that specific transaction.
- 2
Confirm
If you are happy to proceed, you confirm the deal and we send written confirmation of the agreed rate and settlement details.
- 3
Settle
You send your funds as agreed and the converted currency is paid to the nominated beneficiary account.
What this covers
How we work with businesses on this
Agreed at the point of trade
The rate is confirmed when the contract is agreed, not afterwards.
Settles promptly
Spot transactions settle within a short window after the trade is agreed.
No ongoing commitment
A spot contract stands alone — it does not commit you to a future transaction.
Suited to one-off payments
Useful where the payment is not part of a recurring or scheduled cycle.
What to prepare
Have these to hand
- 1The currency pair and amount
- 2The date the funds must arrive
- 3Full beneficiary bank details
- 4Your payment reference
Before you proceed
Things worth knowing
- The rate on any given day reflects market conditions at that moment and cannot be predicted in advance.
- Funds must be available to settle the contract within the agreed settlement window.
FAQ
Common questions
Spot settlement windows are short and depend on the currencies involved. Specific timings for LINHILL FX will be confirmed alongside our payment arrangements.
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Ready to discuss spot contracts?
Tell us what you need and a member of the team will come back to you with a transaction-specific quote.