Value date: Difference between revisions
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imported>Doug Williamson m (Spacing 14/81/3) |
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1. The predetermined date on which settlement of a market deal is made - for example by an exchange of currencies - at the price or rate agreed on the deal date. | 1. | ||
The predetermined date on which settlement of a market deal is made - for example by an exchange of currencies - at the price or rate agreed on the deal date. | |||
2. | |||
In relation to a bank account, the date on which value is recognised for the benefit of the account holder. | |||
This will commonly be later than the date on which funds were deposited into the account. | |||
== See also == | == See also == | ||
* [[Deal date]] | * [[Deal date]] | ||
* [[Valuation date]] | * [[Valuation date]] | ||
Revision as of 10:39, 14 August 2013
1.
The predetermined date on which settlement of a market deal is made - for example by an exchange of currencies - at the price or rate agreed on the deal date.
2.
In relation to a bank account, the date on which value is recognised for the benefit of the account holder.
This will commonly be later than the date on which funds were deposited into the account.
