Value dating

25 Jun

The value date is used when there is a possibility for discrepancies due to differences in the timing of asset valuation.

It usually applies to forward currency contracts, options and other derivatives, interest payable or receivable.

for International card payments such as Maestro or Cirrus).

The rules apply to both cross border and in country payments.

Typically, you will see the use of value dates in determining the payment of products and accounts where there is a possibility for discrepancies due to differences in the timing of valuation.

Such products include forward currency contracts, option contracts, and the interest payable or receivable on personal accounts. For example, in the case of savings bonds, the interest is compounded semi-annually so the value date is every six months.

The cut-off time for express payments in EUR to other banks is hours.

*The cut-off time for express payments received manually or via secure telefax is one hour earlier than normal cut-off time for the relevant currency.Value-added services are supplied either in-house by the mobile network operator themselves or by a third-party value-added service provider (VASP), also known as a content provider (CP) such as All Headline News or Reuters.VASPs typically connect to the operator using protocols like Short message peer-to-peer protocol (SMPP), connecting either directly to the short message service centre (SMSC) or, increasingly, to a messaging gateway that gives the operator better control of the content.In accounting, value date is the date when the entry to an account is considered effective.In banking, value date is the delivery date of funds traded.