Prices and Data

Value Dates

Delivery of a currency and metal is effected on the "spot date" for the first leg of the spot or forward transaction. Excluding bank holidays, it means that a trade entered into on a Monday will settle on a Wednesday and a trade entered into on a Friday will settle on the following Tuesday. Forward transactions will be quoted, unless specified otherwise, from the spot date to the requested date.

While there must be two good London business days between trade date and spot, if a US holiday falls between the trade date and what would otherwise be a good spot date from the London holiday schedule, the US holiday is generally ignored. It is worth noting though that metal will not settle on US holidays. Sometimes it can be the case that certain institutions will prefer to have two clear business days in each of London and New York to ensure that there is sufficient time for both currency and metal to settle. Therefore, it is worth clarifying with the quoting institution to ensure that any possibility of confusion is minimised.

The table below provides guidance on the value dates for 2022 which take into account those days which are recognised as bank holidays in the UK and US.

Value Dates 2022

Contract Date Value Date Holiday
Thu 30-Dec-21 Tue 04-Jan-22 US & UK New Year's Day, Saturday 1 January 2022
Fri 31-Dec-21 Wed 05-Jan-22 US & UK New Year's Day, Saturday 1 January 2022
Thu 13-Jan-22 Tue 18-Jan-22 US M.L. King, Jr. Birthday, Monday 17 January 2022
Fri 14-Jan-22 Tue 18-Jan-22 US M.L. King, Jr. Birthday, Monday 17 January 2022
Thu 17-Feb-22 Tue 22-Feb-22 US President's Day, Monday 21 February 2022
Fri 18-Feb-22 Tue 22-Feb-22 US President's Day, Monday 21 February 2022
Wed 13-Apr-22 Tue 19-Apr-22 UK Good Friday & Easter, Friday 15 April and Monday 18 April 2022
Thu 14-Apr-22 Wed 20-Apr-22 UK Good Friday & Easter, Friday 15 April and Monday 18 April 2022
Thu 28-Apr-22 Tue 03-May-22 UK Early May Day Bank Holiday, Monday 2 May 2022
Fri 29-Apr-22 Wed 04-May-22 UK Early May Day Bank Holiday, Monday 2 May 2022
Thu 26-May-22 Tue 31-May-22 US Memorial Day, Monday 30 May 2022
Fri 27-May-22 Tue 31-May-22 US Memorial Day, Monday 30 May 2022
Tue-31-May-22 Mon-06-Jun-22 UK Spring Bank Holiday, Thursday 2 June and UK Platinum Jubilee Bank Holiday, Friday 3 June 2022
Wed-01-Jun-22 Tue-07-Jun-22 UK Spring Bank Holiday, Thursday 2 June and UK Platinum Jubilee Bank Holiday, Friday 3 June 2022
Thu-16-Jun-22 Tue-21-Jun-22 US Juneteenth National Independence Day, Sunday 19 June 2022
Fri-17 Jun-22 Tue-21-Jun-22 US Juneteenth National Independence Day, Sunday 19 June 2022
Thu-30-Jun-22 Tue 05-Jul-22 US Independence Day, Monday 4 July 2022
Fri-01-Jul-22 Tue 05-Jul-22 US Independence Day, Monday 4 July 2022
Thu 25-Aug-22 Tue 30-Aug-22 UK Summer Bank Holiday, Monday 29 August 2022
Fri-26-Aug-22 Wed 31-Aug-22 UK Summer Bank Holiday, Monday 29 August 2022
Thu 01-Sep-22 Tue 06-Sep-22 US Labor Day, Monday 5 September 2022
Fri 02-Sep-22 Tue 06-Sep-22 US Labor Day, Monday 5 September 2022
Thu 06-Oct-22 Tue 11-Oct-22 US Columbus Day, Monday 10 October 2022
Fri 07-Oct-22 Tue 11-Oct-22 US Columbus Day, Monday 10 October 2022
Wed-09-Nov-22 Mon-14-Nov-22 US Veterans Day, Friday 11 November 2022
Thu- 10-Nov-22 Mon 14-Nov-22 US Veterans Day, Friday 11 November 2022
Tue 22-Nov-22 Fri 25-Nov-22 US Thanksgiving Day, Thursday 24 November 2022
Wed 23-Nov-22 Fri 25-Nov-22 US Thanksgiving Day, Thursday 24 November 2022
Thu 22-Dec-22 Wed 28-Dec-22 UK Christmas/ Boxing Day, Sunday 25 and Monday 26 December 2022
Thu 22-Dec-22 Wed 28-Dec-22 US Christmas, Sunday 25 December 2022
Fri 23-Dec-22 Thu 29-Dec-22 UK Christmas/ Boxing Day, Sunday 25 and Monday 26 December 2022
Fri 23-Dec-22 Thu 29-Dec-22 US Christmas, Sunday 25 December 2022
Thu 29-Dec-22 Tue 03-Jan-23 US and UK New Year's Day Sunday 1 January 2023
Fri 30-Dec-22 Wed 04-Jan-23 US and UK New Year's Day Sunday 1 January 2023