Odd Date
Barron's Banking Dictionary:
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Odd Date
Maturity Date in a foreign exchange contract that is neither a spot nor a fixed date. For example, a normal two-month forward contract from April 15 matures on June 15. An odd date would be a June 10 maturity.
Investopedia Financial Dictionary:
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Odd Date
A type of maturity date for foreign-exchange contracts. Odd dates are neither spot nor fixed dates; they are simply random, unrelated dates.
Investopedia Says:
For example, if a foreign contract has a three-month maturity and begins on November 15th, it would therefore mature on February 15th. An odd date would be February 14th or any date other than the 15th.
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Copyrights:
Barron's Banking Dictionary
Dictionary of Banking Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved.
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