Value dating

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Revision as of 15:35, 4 April 2014 by imported>Doug Williamson (Replaced current definition with information from Cert ITM Study Unit 4, 4.3.2 and Cert ICM Chapter 2, 2.5.1 to make it more comprehensive)
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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, and in such cases can make assessing bank charges very difficult.

It can be applied to all methods of payment both forwards and backwards in time.


See also