Broken Date

(redirected from Broken Dates)

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 ?
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.
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.
When used with MTi's advanced TradeWizard environment, FxCalcNet enables the intermixing of deal and real-time rates and provides users with unparallel flexibility in terms of displays and the calculation of cross rates, outrights, cross forwards, broken dates and FRA's.