All the transactions are executed at the same day. SPOT: transaction is similar to TOM, however, the order will be executed on the third day after the Bank and the Client have signed the agreement. After the transaction was executed, the client receives this deposit back. Any losses which may occur due to exchange rate fluctuations are covered with the deposit. SWAPSWAP is a banking transaction that consists of two opposite conversion transactions over the same amount of money. Also in this transaction, the client beforehand knows both exchange rates.
The SWAP transaction has an important advantage: The client knows the exchange rates, and therefore, can avoid the market rates fluctuations. This service is popular among financial and trading companies. For example, the company with dollars on the account buys and sells goods using Euro. The SWAP transaction allows to define the price of goods no matter what the currency market will be. Once the order is executed, the Customer will be notified thereof.