Spot transactions
Move fast when the market's right
Fix today's FX rate and settle within two business days. Perfect for when opportunities move fast or cash flow needs breathing room.
Grab the rate now. Pay later.
Markets don't wait, and neither should you.
Whether you're paying a supplier invoice, seizing a favourable rate, or converting between your own accounts, spot transactions give you control over your margins without tying up capital upfront.
Why use spot transactions?
No pre-funding required
Book first, fund later. Lock in your rate without needing cash in your account – giving you two days to settle.
Never miss an opportunity
Instant bookings mean you can act the moment rates move in your favour. No delays. No missed windows.
Cash flow stays flexible
Manage payments on your terms. Fix the rate today and settle when it suits your business.
Simple and transparent
Fix your FX rate in a few clicks. What you see is what you get.
Three steps to book a spot transaction
Step 1: Lock in your rate
Enter your payment details, currencies, amount, and where it's going. Once you confirm, the FX rate is locked in real time.
Step 2: Decide when to pay
Send the funds immediately, or settle within two business days.
Step 3: We handle the rest
Once funds hit your account, we complete the settlement and payment on the agreed date.
Step 1: Lock in your rate
Enter your payment details, currencies, amount, and where it's going. Once you confirm, the FX rate is locked in real time.
Step 2: Decide when to pay
Send the funds immediately, or settle within two business days.
Step 3: We handle the rest
Once funds hit your account, we complete the settlement and payment on the agreed date.
FAQs
If you want to convert and pay immediately using the current rate:
Want to lock in a rate for longer and pay later? Book a forward contract instead. Once it’s booked:
1. Go to Payments > Transaction management > FX forward
2. Find your booked forward trade
3. Click Add payment under Actions
For fulll instructions, check out our “How do I book a currency forward contract and fund later?” guide.
A spot contract is the simplest way to make an international payment. We offer you a rate based on the live market (called a spot rate), and you decide whether to lock it in right there and then.
It’s fast. Once you’ve agreed to the rate and your funds clear, we take care of the rest – usually within the same day or next business day.
- Go to Payments in the top navigation
- Select Transaction management
- Select FX trades
- View trades that are paid/settled, open, cancelled, or processing
