Value dating: Difference between revisions
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imported>Doug Williamson m (Simplify wording.) |
imported>Doug Williamson (Link with Value date page.) |
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Revision as of 16:26, 30 May 2015
The practice of dating a customer transaction at some date other than the date at which the bank itself lost or gained value.
Used by banks in some countries as an indirect method of earning fees.
It can be applied to all methods of payment both forwards and backwards in time.
