Definition for : Value Date
GLOSSARY LETTER
The "Value Date" in the banking industry describes the calendar date on which a credit movement is credited to a client's account. Generally, banks count one or several day(-s) even though the movements are instantaneous, and the banks benefit from the Free float thereby created, as a form of remuneration of their services.
(See Chapter 47 Leveraged buyouts (LBOs) of the Vernimmen)
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