value date

value date　1.交收日；2.起息日　

1.the time at which a remittance sent through the bank clearing cycle becomes available to the payee for use.2.in the market for Eurodollar deposits and foreign exchange，value date refers to the delivery date of funds traded.Normally it is on spot transactions two days after a transaction is agreed upon and the future date in the case of a forward foreign exchange trade.