Common use of Value Date Clause in Contracts

Value Date. 5.8.1. For payment operations within the scope of the Law on payment services, the value date when the payment account of the Customer, as the payee, is credited, shall be the same with the value date when the amount covered by the payment operation is credited in the Bank's account, as the payee’s payment service provider. 5.8.2. If an individual places cash in a payment account opened with the Bank in the currency of such payment account, the Bank shall ensure that such amount is assigned with a value date immediately upon receipt of the funds. 5.8.3. Clause 5.8.2 shall only apply for payment operations within the scope of the Law on payment services, except for the payment operations referred to under point 2.3 (ii) of these Rules. 5.8.4. In setting the currency date for payment transaction, the bank shall take into consideration the non-business days of the systems which ensure the settlement of the payment transactions in the transaction currency.