SWIFT transfer settlement date
Explanation:
Further to my comments to Victoria about the differences in value date and reception date, I found an explanation which seems clear to me, and refers to this as "settlement date".
This is when the amount shows up in your account, not when you can draw on it.
http://www.h-l.co.uk/our_services/currency_service_bank_tran...
"Settlement and value dates
The "settlement date" is the date on which we arrange to send the money to the destination account.
The "value date" is the date on which the money should actually be received by the destination bank. Different currencies have different value dates; pounds, euros, US dollars and Canadian dollars value the same day, but all other currencies value between one and two working days later.
You should always let us know when exactly you will need the funds to be cleared by so we can help you choose the most appropriate settlement date. For example if you needed Swiss francs to be cleared in an account by the 23rd, you should set the settlement date for the 22nd at the latest (assuming they were both working days).
Please note that it will depend on the receiving bank whether the funds they receive are actually allocated to individual accounts the same day they receive them."
Important info for any of us relying on incoming funds!!
|  Noni Gilbert
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