{"id":3133,"date":"2018-11-25T13:29:37","date_gmt":"2018-11-25T13:29:37","guid":{"rendered":"https:\/\/www.wasteyourtime.co\/?page_id=3133"},"modified":"2019-09-11T10:59:50","modified_gmt":"2019-09-11T09:59:50","slug":"after-date","status":"publish","type":"page","link":"https:\/\/traders-paradise.com\/magazine\/trading-dictionary\/a\/after-date\/","title":{"rendered":"After Date"},"content":{"rendered":"<h4><b>DEFINITION of After date <\/b><\/h4>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">After date refers to a bill of exchange that must be paid a<a href=\"http:\/\/dictionary.cambridge.org\/dictionary\/english\/after-date\"> particular<\/a> number of days after the day shown on the document.<\/span><\/p>\n<h4><b>WHAT IT IS IN ESSENCE<\/b><\/h4>\n<p style=\"text-align: justify;\">It is payment on a negotiable instrument\u00a0becomes.\u00a0Due\u00a0to a specified number of days after the\u00a0presentation of the draft. Such as a bank draft for instance.<\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">In banking &#8211;\u00a0 It is a notation on financial instruments (such as drafts or bill of exchange) to fix the maturity time.\u00a0 As\u00a0a\u00a0fixed number of days.\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">When trading &#8211; The day when some order is executed in the market. It is when an order to buy, sell is performed.\u00a0It is determining for all types of investment security transactions in the market.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">If the trade is executed after the market\u2019s close it is recorded with a trade\u00a0period on the following day.<\/span><\/p>\n<h4><strong>We can meet two parts of &#8221;After date&#8221; issue: Broken Date and Notification date.<\/strong><\/h4>\n<p style=\"text-align: justify;\"><strong>Broken <\/strong>are arbitrary maturity dates. They do not necessarily match the duration of the bond, option, futures contract, forward contract or another maturing instrument. Broken dates are also known as odd dates.<\/p>\n<p style=\"text-align: justify;\">The finance world greatly relies on standardized maturities for specific contract types. This results in consistent recordkeeping and reporting for investors and the rest of the financial world. It makes trading easier and less costly. When a contract has broken date, it is something of a &#8220;rogue&#8221; investment. And requires extra care from the implicated financial services firms and investors who hold the securities.<\/p>\n<p style=\"text-align: justify;\"><strong>Notification <\/strong>\u00a0&#8211; The day by which one party to a contract must inform the other of the former&#8217;s intent to either renew or withdraw from the contract. This especially applies to house leases, marketing contracts, and long-term business arrangements. Some contracts renew automatically if neither party cancels by the notification date. While others require notification either way. In options, refers to the expiration date.<\/p>\n<h4><b>HOW TO USE<\/b><\/h4>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">For example, if a draft stipulates \u201c30 days after date\u201d, it means that the draft is due (payable) 30 days after the day it was drawn. This has the effect of fixing the time of maturity of the draft. And it is independent of the time of acceptance of the draft.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>DEFINITION of After date After date refers to a bill of exchange that must be paid a particular number of days after the day shown on the document. WHAT IT IS IN ESSENCE It is payment on a negotiable instrument\u00a0becomes.\u00a0Due\u00a0to a specified number of days after the\u00a0presentation of the draft. Such as a bank draft [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":6739,"parent":3010,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"content-type":"","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"class_list":["post-3133","page","type-page","status-publish","has-post-thumbnail","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>After Date | Financial Dictionary | Traders Paradise<\/title>\n<meta name=\"description\" content=\"After date refers to a bill of exchange that must be paid a particular number of days after the day shown on the document.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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