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Definition of Value Date - Finance dictionary
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Value Date (See Chapter 47 of the Vernimmen)
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.
Value Date (See Chapter 47 of the Vernimmen)
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.
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Value Date (See Chapter 47 of the Vernimmen)
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.
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