Deal Date
The date on which a transaction is agreed upon.
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Deal dates are dates when a business transaction is agreed upon and begins to move toward completion. Depending on the circumstances, the deal date and the completion date for the transaction may be the same.
It is possible to trade for value dates in advance of the spot value date two days hence ("pre-spot" or "ante-spot"). Traders can trade for "value tomorrow", with settlement one business day after the deal date (one day before spot); ...
Option Premium:
The price paid to purchase an option. On currency options the premium is due 2 days after the deal date.
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Point: ...
consists of a bilateral contract between a party delivering a certain amount of a currency against receiving a certain amount of another currency from a second counterparty, based on an agreed exchange rate, within two business days of the deal date.
 See also: Transaction, Settlement, Options, Risk, Action
  
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