Value 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.

The most significant timing differences usually arise on cheques and other slower funds transfer systems.

See also

• Deal date
• Ledger date
• Valuation date
• Value dating