What Is a Value Date?

The value date refers to the date on which a collection or payment can actually take effect. According to international practice, the receiving and payment instructions and telegrams of the bank should indicate the value date (VALUEDATE) to ensure that the date of collection and payment is clear.

Value date

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The value date refers to the date on which a collection or payment can actually take effect. According to international practice, the receiving and payment instructions and telegrams of the bank should indicate the value date (VALUEDATE) to ensure that the date of collection and payment is clear.

Corresponding English: Value date

Chinese name

Value date

Foreign name

Value date

Benchmark

Liquidation on the same day

in accordance with

Inclusion currency clearing speed

Part of speech

noun

The calculation of the value date is based on the settlement speed of each currency included, based on the "same day settlement", and the different impacts of each currency holiday on it, and the corresponding value date is determined based on the RMB foreign exchange spot auction trading day.

Renminbi foreign exchange spot auction (hereinafter referred to as "

Impact of holiday on value date

1. If the T + 0 day is a trading currency holiday, the value date of the settlement of the foreign currency transaction funds is the second working day after the transaction date, that is, the normal value date.

2. Except for the value date of the settlement of USD or RMB transaction funds, which is not affected by the holiday of T + 1, the value date of the settlement of funds related to transactions in other currencies is postponed by 1 working day because T + 1 is a holiday. . The specific provisions are as follows:

(1) If the T + 1 day is a RMB holiday, the value date of liquidation of spot transaction funds shall be the second working day after the transaction date, that is, the interest rate shall start at the normal value date;

(2) If the T + 1 day is a U.S. dollar holiday, the value date of the USD / RMB transaction fund clearing is the second working day after the transaction date, that is, the interest rate will start at the normal value date;

(3) If the T + 1 day is a Hong Kong dollar holiday, the value date of the settlement of the HKD / RMB trading funds will be postponed by one working day, that is, the third working day after the trading day;

(4) The impact of the euro and yen on the value date due to the holiday of T + 1 is the same as that of Hong Kong dollar.

3. The value date of the transaction funds settlement involving all currencies shall be postponed by 1 working day because T + 2 is a holiday. The specific provisions are as follows:

(1) If the T + 2 day is a RMB holiday, the value date of liquidation of spot trading funds will be postponed by 1 working day, that is, the third working day after the trading day;

(2) If T + 2 is a Hong Kong dollar holiday, the value date of the HKD / RMB transaction fund clearing will be postponed by 1 working day, that is, the third working day after the trading day.

(3) The impact of the euro and yen on the value date of T + 2 as a holiday is the same as that of Hong Kong dollar.

4. If the T + 2 day is a U.S. dollar holiday, except for the USD / RMB transaction fund clearing value date, which should be postponed by 1 working day, the Hong Kong dollar, euro and yen transaction fund clearing value date should be postponed by 1 3 working days after the trading day.

China Foreign Exchange Trading Center announces the specific transaction date and value date of the year at the beginning of each year.

See clearly before you buy the product

This week is the last week of 2011. Statistics show that there are also a lot of wealth management products issued this week (Dec. 26-30). Some products have interest-bearing time since the end of December. Although the product was released at the end of the month, the interest calculation time was delayed until the New Year's Day holiday in 2012, and it took a few days for nothing. Although this is unfair to investors, it is of great benefit to banks.

According to the bank's year-end loan-to-deposit ratio assessment requirements, although the CBRC previously required the daily average loan-to-deposit ratio assessment, it is clear that banks still value the end of the month, quarter, or year-end. Many banks think hard, hoping to make more book deposit funds on December 31st. High interest rate deposits were explicitly banned, but the issuance period and interest rate of wealth management products were very particular. When investors choose a wealth management product next week, they must pay special attention to when the wealth management product you purchased begins to accrue interest, and then choose the product that begins interest accrual as soon as possible.