What’s the difference between Spot and Forward ?
Spot is an agreement between two parties to buy one currency against selling another currency at an agreed price for settlement on the spot date (The standard settlement timeframe for foreign exchange spot transactions is T + 2 days, with the exception of USD/CAD pair which settles at T+1)
Forward are to prevent that the trades goes into settlement. A currency swap involves exchanging principal and fixed rate interest payments on a loan in one currency for principal and fixed rate interest payments on an equal loan in another currency.
How do I open the Clearing Account with BAXTER-FX?
Please register on the website and fill in Client Due Diligence application form online, that tells us a little bit about who you are - or your company is. You will need to supply us with some proof of your ID and address - or the make up of your company. You need to sign a Prime Brokerage Agreement. You can start the process by clicking the button below, giving us your name and email address, and we will be in touch.