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Essential

Maturity Date

The date a financial contract or bond expires and must be settled.

Quick answer

The maturity date is when a financial contract or bond expires and is settled.

Definition

The maturity date is when a financial contract, bond or loan comes due and is settled. For derivatives it marks the end of the contract and the final settlement of value. Traders must track it because a position behaves differently as it approaches maturity.

How It Works

  • It marks the end of the contract
  • Value is settled at maturity
  • Bonds and derivatives both carry it

Trading Tips

1

Know the maturity of any contract you hold

2

Expect pricing to change near maturity

3

Track it alongside the trade date

Maturity Date Example

Say you hold a 3-month EUR/USD forward maturing June 30. On that date the contract settles at the agreed rate regardless of spot, and the position simply ends. No decision, no roll, done.

How Traders Use Maturity Date

Diary every maturity on entry day with an alert a week prior. Letting contracts mature by accident converts planning into admin. Roll or close early when liquidity starts thinning.

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