Value Date
/ˈvæljuː deɪt/
Definitions
- (n.) The agreed-upon date on which the value of a financial transaction is determined for accounting or settlement purposes.
The value date of the currency swap determines when the amounts are exchanged.
- (n.) The date on which funds involved in a banking transaction are available or become effective.
The bank credit appeared on the account with a value date two days earlier than the posting date.
Forms
- value date
Related terms
See also
Commentary
In legal and financial contexts, 'value date' is critical for determining the timing of obligations and rights under financial contracts; drafters should specify if it differs from the settlement or payment date to avoid ambiguity.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.