Definition of value date

Banking:

1. date that a customer can use funds deposited in an account.
2. calendar date on which a transfer of funds through federal wire, Automated ClearingHouse, or electronic settlement network becomes available for use as good funds by the receiving bank or its customer. Fed Wire transfers are effective immediately, and are available as good funds the same day as transmitted by the sending bank. Automated Clearinghouse transactions generally are available the next day. These dates may be same day, next day, or some specified date in the future. See also net settlement

Foreign Exchange:date on which foreign exchange bought and sold must be delivered, and the delivery price paid in local currency. This is usually two days. In the Eurobond market, it is the seventh calendar date after the transaction date.

1. In banking, official date when money is transferred, that is, becomes good funds to the depositor. The value date differs from the entry date when items are received from the depositor, since the items must then be forwarded to the paying bank or otherwise collected.
2. In Eurodollar and foreign currency transactions, synonymous with settlement date or delivery date.

Banking: official date when money is transferred, that is, becomes good funds to the depositor. The value date differs from the entry date when items are received from the depositor, since the items must then be forwarded to the paying bank or otherwise collected. The term is used mainly with reference to foreign accounts, either maintained in a domestic bank or maintained by a domestic bank in foreign banks. See also float.
Eurodollar and foreign currency transactions: synonymous with settlement date or delivery date, which on spot transactions involving North American currencies (U.S. dollar, Canadian dollar, and Mexican peso) is one business day and on spot transactions involving other currencies, two business days. In the forward exchange market, value date is the maturity date of the contract plus one business day for North American currencies, two business days for other currencies. See also forward exchange transaction; spot market.