What is the difference between the Date and value date in the back office?
In your financial ledger, there are 2 options: One is DATE, and another is VALUE DATE.
Date: The timestamp for when the transaction is created in the system.
Value Date: 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.
Related Articles
Why do the back office and Infinn show different balances?
There can be some differences in the balances of the Back-office and Infinn due to pay-in, payouts, and trade settlement posting. It will be updated as per the settlement date of funds and trades.
Why is there a difference in Infinn balance and back-office balance?
In Infinn, your balance is updated on a live basis, but in your back office, it will be updated after billing at the end of the day. Example: You have transferred Rs 1 lakh on Monday at 1 PM; it will be updated instantly in your trading terminal ...
Brief overview for back-office options like what is the ledger balance, less margin, and net balance?
When you log in to your back office on the dashboard, there are a few options: - 1. Ledger Balance: - The Ledger balance shows the balance available in your ledger report after setting off the trade amount, i.e., after setting off the outstanding ...
What is the difference between JOBBING & SHORT-TERM profit and loss?
Jobbing is like the buying and selling of shares or securities, especially on a small scale, with the intention of generating quick profit. Buying or selling of security and then immediately buying it back or selling it back for a quick profit. ...
How to check stock purchase price?
Once shares are purchased, their value or price will reflect in your trading platform, contract note, and back office.