English translation: full value added to the account so that you can withdraw from it
Login or register (free and only takes a few minutes) to participate in this question.
You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.
GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:
credited for value
full value added to the account so that you can withdraw from it
English to English translations [PRO] Bus/Financial - Business/Commerce (general) / banking
English term or phrase:credited for value
The sentence is: "Any instructions to the Bank which relate to any movement of funds or settlement of securities shall be given to the Bank no later than 1:00 PM on the Business Day before the day on which such funds are to be credited for value or such securities are to be settled". What does "for value" mean in this particular context? If possible, please provide references. Thanks in advance.