Value Date
The date on which a financial transaction settles and funds are actually exchanged.
The value date is the date when the obligations of a trade are fulfilled and the actual transfer of funds takes place. In spot forex, the value date is typically T+2 (two business days after the trade). For forwards and swaps, the value date is agreed upon at the time of the trade. Getting the value date right matters for cash flow planning and accounting.
How It Works
- The trade date is when the deal is agreed. The value date is when settlement occurs.
- Spot forex: T+2. A trade on Monday settles on Wednesday (assuming no holidays).
- Weekends and public holidays in either currency's country can push the value date forward
- Retail brokers handle settlement automatically through the daily rollover process
Trading Tips
For retail forex, value dates are handled automatically by your broker through daily rollover
If you trade forwards, always confirm the value date to avoid settlement mismatches
Holiday calendars for both currencies in your pair can shift value dates and affect swap charges
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