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The value date of a payment is the date on which the funds are actually credited to (or debited from) an account for interest-calculation purposes. It is not necessarily the date the payment instruction was sent.
Details
On a SWIFT MT103 the value date appears in field 32A as the first 6 characters (YYMMDD), followed by the currency code and amount. Example: 240315USD25000,00 = value date 15 March 2024, USD 25,000.00.
For same-day, urgent international wires the value date equals the send date. For most cross-border payments it is one or two business days later, depending on currency cut-offs and time zones.
Key facts
The date the funds are credited for interest
On MT103 lives in the first 6 characters of field 32A
Often 1-2 business days after the send date
Affects when interest starts accruing
Frequently asked questions
Is the value date the date I will see the money?
Yes — usually the funds become available on the value date, although the beneficiary bank can take a few hours to post the credit visibly.
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