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Futures and Forex Glossary Dictionary V

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Determining the value of a security, commodity or other asset.

Value Date

Same as settlement date. The date at which physical delivery of a forex spot transaction takes place.

Variable Limit

When there are periods of extreme volatility on an exchange this system allows for greater than usual price movements even they are above the daily limits.

Variation Margin

The funds needed to maintain the initial level of margin on a day to day basis. See Also: Margin


The degree of variation in price over time.


The amount of currency traded on the market during a time period.

Vostro Account

A foreign currency account held in a country where the bank has no branch for themselves. See Also: Nostro Account
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