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     Treasury and Risk Management Systems (PERMIT®, PERMIT® Batch Manager, PERMIT®
    Reports Manager, PERMIT® Auto-Feeds Manager, PERMIT® PayMaster, PERMIT® Risk
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    Management System (PEKE®) are the world's first comprehensive software to adopt the
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Spot / Forward Contracts

Spot Contracts gives the holder the right and the obligation to purchase the underlying at a pre-agreed price, known as the spot rate or strike price, at contract delivery, which is also known as the spot date.

Forward Contracts gives the holder the right and the obligation to purchase the underlying at a pre-agreed price, known as the forward rate or strike price, at contract maturity, which is usually a date that is beyond the spot date.


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