settlement date
Noun


1. The date in a forward rate agreement (FRA) transaction on which the notional loan or deposit of funds becomes effective.
2. The date when the obligations of the counterparties in a futures and forward transaction must be settled.
3. The date when the cash flows in an interest-rate swap (IRS) are exchanged.

Synonym(s): 
  • start date (1.); value date (1.).