Forex Slang Popular

Broken Dates

Non-standard settlement dates in forex that don't match typical market conventions.

Definition

Broken dates (also called odd dates or cock dates) are forex settlement dates that fall outside standard market conventions. Standard dates are spot (T+2), tom (T+1), and standard forward dates (1W, 1M, 3M, etc.). Any date that doesn't match these is a "broken date."

How It Works

Standard: Spot, 1 week, 1 month, 3 months, etc.
Broken: T+5 days, 17 days, 45 days, etc.
Requires interpolation between standard rates
Common when hedging specific cash flows

Trading Tips

Broken date forwards often have wider spreads

Used for precise cash flow hedging

Some brokers charge extra for non-standard dates

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