The date on which both sides to a transaction agree to exchange payments.
Value Date
Related Terms
-
A currency forward is an agreement that locks in an exchange rate the day on which the agreement is signed for a transaction that will be completed later.
-
An expiry date, also known as an expiration date, refers to a predetermined date on which a derivative contract ceases to exist.
-
The forex spot rate (or FX spot rate) is the amount it costs in one currency to buy another currency for immediate delivery. There isn’t a single “spot” rate. When opening a trade, FX traders are...
-
A non-deliverable forward (NDF) is a forward or futures contract in which the two parties settle the difference between the contracted NDF price and the prevailing spot market price at the end of...
-
The IMM Date refers to specific dates in the futures markets, particularly for financial instruments like currency futures, interest rate futures, and other derivatives traded on the International Monetary Market.