Template:GMSLA 2010 Spot Rate

Notwithstanding its capitalisation in Paragraph 11.2, “Spot Rate” is not defined in the 2010 GMSLA (). So one can only imagine what that capitalised term might mean—but (seeing as it is also used, uncapitalised, in Paragraph 2.4) a betting chap might think a fairly good translation would be “spot rate”.