What are Tom Contracts?


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Tom contracts :
Foreign exchange contracts which provide for settlement on the first working day after the
contract day are called Tom or Value tomorrow contracts and are represented as C + 1.
The rates applicable to such contracts are called Tom rates. Rates for such transactions
are derived from the ongoing Spot rate. It is possible to deal on ‘Tom’ basis in all
currencies.


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MT UVA BMS

MT UVA- University, Vocational and Affiliated Education for BMS

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