“(i) Date on which a transaction actually takes place.
(ii) Date on which allocated, budgeted, or contracted funds are paid, received, or used.
(iii) Date on which an account holder can use the funds from deposited cheques that have passed through the bank’s clearing cycle.
(iv) Date from which funds begin to earn interest. This may be one or more business days prior to the ‘cleared date’.
(v) Date on which the item that was bought or sold must be delivered.
(vi) Date of settlement of a transaction. In the case of deposits and transfers, this is the date from which the amounts can be moved by the beneficiary and from when the possible interest counting on the accounts balances begins”
