Value date

Value date in finance is the date when the value of an asset that fluctuates in price is determined. 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.
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In the market for Eurodollar deposits and foreign exchange, value date refers to the delivery date of funds traded. Normally, for spot transactions, it is on spot transactions two days after a transaction is agreed upon. In the case of a forward foreign exchange trade , it is the future date.