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

Examples of Value Date in a sentence

• When requesting a Forward Contract, you must specify (a) the Foreign Currency to be exchanged with the Bank; (b) whether it is being purchased or sold by you; (c) the amount of Foreign Currency; and (d) the Value Date for the FX Transaction.

• Synovus will debit the Settlement Account for the FX Transaction amount as of the Value Date for the FX Transaction.

• For each FX Transaction, you must instruct the Bank where to deliver the transaction proceeds on the Value Date (the “Settlement Instructions”).

• In addition, you must provide us with Settlement Instructions on the Trade Date, which must be at least three (3) Business Days prior to the Value Date.

• You must have sufficient funds in your Settlement Account as of the Value Date to settle each FX Transaction occurring on that Value Date.

More Definitions of Value Date

Value Date means the clearing date of funds.

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 reference date used by the Bank as a payment services provider for the calculation of interest on funds debited or credited on a payment account.

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 delivery date of funds.