Exchange transactions

Spot

This is the most common type of foreign exchange transaction. It is based on the day’s rate, and settlement must occur within two business days of the transaction.

Advantages

  • Exchange can be settled by phone on the same day if the spot transaction is made before 10 a.m.
  • Great rates and quick settlement
  • For non-clients of Laurentian Bank: settlements can be carried out by debiting a current account, electronic transfer or bank draft