Spot value date
Settlement on the second business day after the trade date, subject to both centres being open on that day; if one is closed, settlement moves to the next day on which both are simultaneously open.
This one is not written up yet
The definition above is the short version. A full explanation — how it works, a worked example and the exam traps — is still being written. In the meantime the chapter below covers it in context.
Where this is taught
Free preparation for NISM Series I← All terms