Value dating payments

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Value dates are the dates on which FX trades settle, i.e.

For example, one may know that: the interest is 0.5% per period (per month, say); the number of periods is 60 (months); the initial balance (of the debt, in this case) is 25,000 units; and the final balance is 0 units.

The unknown variable may be the monthly payment that the borrower must pay.

Value dates for NZD/USD roll forward at 7am Auckland time.

*The cut-off time for express payments received manually or via secure telefax is one hour earlier than normal cut-off time for the relevant currency.

the date that the payments of each currency are made.

As to express payments in EUR, the cut-off time mentioned is for payments to banks which can be reached via Target2.

Time value of money problems involve the net value of cash flows at different points in time.

In a typical case, the variables might be: a balance (the real or nominal value of a debt or a financial asset in terms of monetary units), a periodic rate of interest, the number of periods, and a series of cash flows.

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