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;

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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 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.

Examples of Value Date in a sentence

• In the preparation of the Data File, the COMPANY shall indicate (i) the intended Value Date of the Checks; (ii) the Payee/s; (iii) the respective amounts due to the Payee/s, and (iv) such other information as may be required under the Facility.

• The Value Date for crediting Electronic Money to the Card shall be no later than the date on which the unauthorised Payment Transaction was made using the Card.

• Check Disbursement Account and Value Date The source of funds for the COMPANY’s use of this Facility shall be the Check Disbursement Account(s).

• It is Customer’s sole responsibility to clearly indicate the terms of an Order when entered, regardless of Order type, including but not limited to the Order’s Value Date and specified Spot Price limits, where applicable.

• The COMPANY undertakes to maintain sufficient funds (free from any liens and encumbrances) in the Check Disbursement Account on the Value Date to fund all the checks requested to be issued and to pay for all Fees and such other amounts as may be due hereunder.

More Definitions of Value Date

Value Date means the date on which an Order becomes due for delivery and Settlement.

Value Date means the clearing date of funds.

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.

Value Date means the delivery date of funds;

Value Date means the delivery date of funds.

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 date your Purchased Currency becomes ready for delivery.