When value or credit is given for funds transferred between banks.
Refers to when value or credit is given for funds transferred between banks. 
In the market for Eurodollar deposits and foreign exchange, the delivery date of funds traded. For s
Adjusting or backdating the Value Date of a payment made between banks, used to correct delays in payment. Another method is for the paying bank to pay interest to the receiving bank for the period in which it had use of the funds.