Section 9: Dealings and pricing in the Market.

(1) Dealings in the Market shall be by way of spot and forward transactions as defined in subsection (2) of this section.
(2) For the purposes of subsection (1) of this section-
(a) "spot transaction" means the purchase or sale of foreign exchange for immediate delivery or within a period of three working days from the date of the transaction;
(b) "forward transaction" means the purchase or sale of foreign exchange at a fixed exchange rate for delivery at a fixed date not earlier than four working days from the date of the forward contract.
(3) The rate at which each transaction is to be executed shall be the rate mutually agreed between the applicant purchaser and the Authorised Dealer concerned.