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.).
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