Spot price contract
- Level
- Commodity
- Parent
- 64111700
- Below
- 0
- Links · KBLI
- 10
Definition
UNSPSC 64111708A contract, usually concluded on the floor of an exchange, for buying or selling a commodity, security or currency for settlement --payment and delivery-- on the spot date, which is normally two business days after the trade date. The settlement price or rate is called spot price or spot rate. A spot contract is in contrast with a forward contract or futures contract where contract terms are agreed now but delivery and payment will occur at a future date.
Same parent
Under 64111700 · 12Activities that produce or sell this
KBLI · 10Inherited from family 64110000.
Warning
The links were generated with a large language model (Gemini 3.5 Flash), matching UNSPSC at the family level to KBLI at the kelompok level. Some of them maybe are wrong, so check any link you intend to rely on.