Tom next

Tom next
In the interbank market in Eurodollar deposits and the foreign exchange market, the value (delivery) date on a Tom next transaction is the next business day. Refers to "tomorrow next." ...

Tom next
Definition: [crh] Means to "tomorrow next". In the interbank market in Eurodollar deposits and the Definition: foreign exchange market, the value (delivery) date on a tom next transaction is the next business day.

tomorrow next (tom next)
foreign exchange and money market term for trades executed tomorrow for delivery on the next business day. For example, a currency purchased on Tuesday is deliverable on Thursday, or the spot delivery day plus one day.

See also: Interbank market, Eurodollar, Forward contract, Foreign exchange market, Values