a value date is a future date that is used for determining the present value of a product or security that fluctuates in price it is the date at which funds assets or money s value becomes effective typically value dates are used in determining the payment of financial products and accounts where there is a possibility for discrepancies due to differences in the timing of valuations such financial products can include forward currency contracts option contracts and the interest payable or receivable on personal accounts 
in forex markets the value date may be referred to as the valuta where it may also be used to describe the value of one currency expressed in terms of its exchange rate with another value date in banking