The value date is the date on which counterparts to a financial transaction agree to settle their respective obligations. At the value date, the value of an account, transaction, or asset goes into effect. The value date is more commonly called the maturity date.

In trading the value date denotes when the transaction is completely settled, i.e. the payment is finalized and the asset’s ownership is transferred. When spot trading forex, the value date is often set two days after the trade is closed and the transaction finalized.