Broken Date

Broken Date

1. In foreign exchange, a term for a futures contract or other derivative with an unusual delivery date. For example, a forward contract to buy U.S. dollars 54 days in the future is said to have a broken date.

2. An unusual value date. A value date is the delivery date in a eurocurrency or foreign exchange transaction and is usually a standard period such as one week or one month. A broken date, then, may be a value date 13 days after the trade date.
References in periodicals archive ?
Other disgruntled gas clients include William Redwood, of Canterbury, Kent, who had a broken date with the gasman on August 29.
The range of foreign exchange transactions available - including spot, forward, broken date, non-deliverable forwards (NDFs), swaps and options - and how they can be used, with clear worked examples
FxCalc, an application running with the Microsoft(R) Excel(TM) spreadsheet, facilitates common calculations such as broken date swaps and deposits, as well as cross rates and interest rate arbitrage.
This is a situation that entails a need from both of you to protect the child from feeling like a Tug of War victim and, if it means swallowing your disappointment at broken dates and being prepared for disruption, then this is probably what it will take to keep the relationship.
The system offers a comprehensive range of brisk, dynamic execution features, such as spot in 23 currencies, and forward/swap orders of up to one year, including broken dates, allocations and aggregation of funds.