In traditional inter-bank foreign exchange trading transactions are settled on pre-arranged settlement dates. In other words if a trader sells 1million EUR against USD spot on Wednesday, that means he must deliver the value of 1million Euros on Friday in order to receive the USD equivalent sum based on the exchange rate agreed upon. (settlement dates in the spot market are valued on a 2 working day basis).

ACM does not expect its customers to be constantly wiring large sums of money in order to meet value date agreements. As a service to our customers, ACM rolls-over all open positions to the next value date at exactly 12:00 GMT or 01:00 CET. We charge a minimal fee for this service: 1.00 USD per lot of the base currency.

A lot equates to 100'000 for standard accounts and 20'000 for mini accounts of the base currency.