Business and Personal Finance Dictionary

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• VALUE DATE
  
  1. In the Eurodeposit and FX markets, the delivery date for funds traded. For the spot market it would be the spot date, ordinarily two business days after the transaction. For the forward market it would be a future delivery date. In the bond market (usually), the date on which the buyer begins to earn interest. 2. The date on which a bond buyer begins accruing interest on the bond. This may be the same as the settlement date (q.v.). (J.P. Morgan Glossary of terms for global sovereign bond markets.
  
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