TOM / SPOT — Leveraged Currency Trading
Manage trades with different settlement dates and control your position parameters
What are TOM/SPOT transactions with 4x leverage?
Purchase or sale of currency on the current day, with settlement on the next business day
Purchase or sale of currency on the current day, with settlement two business days later
Leverage allows you to open currency positions up to four times greater than your own capital
Benefits
Take-profit – automatically locks in profits when the target exchange rate is reached.
Stop-loss – automatically limits losses if the exchange rate moves unfavorably.
Stop-out – additional protection of the position during significant fluctuations in the foreign exchange market.
Formula: 80% of TOM/SPOT transaction rate
Close your position at the current TOM/SPOT rate before the value date
Settlements based on the net difference between purchase and sale – it’s simple, convenient, and cost-efficient
Maximum benefit, minimum costs
Profitability Calculator
How are TOM/SPOT transactions closed?
If you do not close the position, it will be automatically closed at the current exchange rate at the time of settlement
FAQ
TOM/SPOT order can be submitted on weekdays from 10.30 a.m. to 06.00 p.m. Astana time.
For example: If you make a SPOT transaction on Wednesday, the transaction will be settled on Friday. If the SPOT transaction is made on Thursday, it will be settled on Monday.
Available currency pairs: USD/KZT, EUR/KZT, RUB/KZT, GBP/KZT.
The minimum amount is USD 10,000, the maximum amount is USD 500,000
No fee charged
When you select a currency pair and value date, the system automatically calculates and displays to you the security amount and the Stop Out closing rate. At the time of the transaction, the security amount is debited to a special account and frozen until the transaction is settled.
Stop Out means a forced closing of a TOM/SPOT transaction, if the market events develop according to the scenario unfavorable for the Customer.
If the market price reaches the Stop Out level, the Bank unilaterally closes the TOM/SPOT transaction to reduce the customer's potential losses.
Settlement takes place on the transaction value date: if it is a TOM, on the next business day; if it is a SPOT, on the second business day after the transaction date.
There are 2 ways to close a transaction:
1. You can close a transaction by a counter transaction by yourself using the exchange rate offered by the system on any day after the transaction or on the settlement date before 04.00 p.m. Astana time. For instance, if you have made a transaction to buy USD 200,000, then you will respectively make a transaction to sell USD 200,000 at the exchange rate offered by the system in order to close the transaction.
2. If you do not close the transaction yourself, it will be closed automatically on the settlement date at the FX Exchange's online exchange rate effective as of 04.00 p.m. Astana time.
The transaction will be closed at the online exchange rate of the FX Exchange.
You can check your orders in the Order History.
The transaction will be settled on the value date between 04.00 p.m. and 05.00 p.m. Astana time.
In accordance with Article 388 of the Tax Code of the Republic of Kazakhstan, income from non-deliverable derivative financial instruments is subject to individual income tax (IIT)
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