Value Date definition

Value Date means a reference time used by a payment service provider for the calculation of interest on the funds debited from or credited to a payment account;

Value Date means, with respect to any FX Transaction, the Business Day (or where market practice in the relevant foreign exchange market in relation to the two Currencies involved provides for delivery of one Currency on one date which is a Local Banking Day in relation to that Currency but not to the other Currency and for delivery of the other Currency on the next Local Banking Day in relation to that other Currency ("Split Settlement") the two (2) Local Banking Days in accordance with that market practice) agreed by the Parties for delivery of the Currencies to be purchased and sold pursuant to such FX Transaction, and, with respect to any Currency Obligation, the Business Day (or, in the case of Split Settlement, Local Banking Day) upon which the obligation to deliver Currency pursuant to such Currency Obligation is to be performed.

Value Date means the clearing date of funds.

Examples of Value Date in a sentence

• It will be the Client’s responsibility to ensure that Moneycorp is provided with payment instructions in good time before the Value Date.

• We may, at our sole discretion and under no obligation, credit funds which are still in transfer before the Value Date to your Account.

• If you fail to settle a Buy Order by not making full cleared Cash payment of the Settlement Value under Clause 4.2(a) by the Value Date, we may, at our sole discretion, sell the purchased Precious Metal and you irrevocably authorise us to sell the purchased Precious Metal and agree to reimburse us immediately on demand for all costs, losses, penalties, interest or liabilities incurred by us due to your failure to pay.

• If Moneycorp accepts the Client’s Order, the Client cannot (subject to clause 4.4) cancel, rescind or amend it without Moneycorp’s express Written consent and (subject to Manifest Error and clause 4.4) a binding contract will be created between Moneycorp and the Client to buy or sell the relevant foreign currency in the relevant amount at the quoted foreign exchange rate for the relevant Value Date on and subject to the legal terms and conditions of this Agreement (an ‘Offline Contract’).

• However, the Client may, with our consent, close-out an FX Contract prior to the Value Date by giving notice in writing.

More Definitions of Value Date

Value Date means the day which is taken into account by the Bank for the calculation of interests for any amount debited or credited to the Payment account.

Value Date means the date by which we take account of any item paid into your Account, or any item paid out of your Account, when we work out any relevant interest.

Value Date means the date on which an Order becomes due for delivery and Settlement.

Value Date means the delivery date of funds;

Value Date means the delivery date of funds.

Value Date means a day when a change in the rights or duties arising from Securities constituting the object of a Transaction is reflected in the Account.

Value Date means the date specified in an Instruction as the date on which such Instruction is scheduled for Settlement by CLS Bank;