Delivery
a.k.a. Delivery date, Value date, Settlement date
The actual handing over of the asset or currency in a trade; the delivery date is when it happens.
In plain English
The actual handing over of the asset or currency in a trade; the delivery date is when it happens.
Delivery is the moment a trade becomes real: currencies change hands, the barrels of oil are handed over. The day this happens is the delivery date, also called the value or settlement date.
Most retail forex and CFD trades never deliver. Positions are rolled forward each night and closed for cash. Futures contracts left open into expiry can require delivery, which is why traders close or roll them first.
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