Value dating

From ACT Wiki
Revision as of 19:49, 2 July 2017 by Doug Williamson (Talk | contribs) (Add header.)

(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to: navigation, search


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.

See also