A term frequently used by banks for the value date of entries, i.e. the date from which a credit or debit is made or interest calculation begins (the date when the entry to an account is considered effective resp. an interest calculation begins). – According to the terms and conditions of many banks, interest is charged on a deposit only from the day after next, but on a withdrawal or transfer to another account on the same day. Customer complaints against this practice have been rejected by the supervisory authority as unfounded, provided that the respective institution has disclosed this in its general terms and conditions. – The determination of the value on a certain date in relation to an asset whose market price fluctuates (the date when the value of an asset that fluctuates in price is determined). – See scadence, value date, value, value date, interest fixing date.

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