What is ‘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.
Explaining ‘Odd Date’
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.
Further Reading
- Odd-lot Costs and Taxation Arguments for the Ex-date Price Effects of Stock Dividends – papers.ssrn.com [PDF]
- The initiation and withdrawal of odd-eighth quotes among Nasdaq stocks: An empirical analysis – www.sciencedirect.com [PDF]
- Voluntary Exchange and Coercion in Scholastic Economics – www.oxfordhandbooks.com [PDF]
- Economists' odd stand on the positive–normative distinction – www.oxfordhandbooks.com [PDF]
- Do treatment decisions depend on physicians' financial incentives? – www.sciencedirect.com [PDF]
- Ex-date stock price adjustment to stock dividends: A note – www.jstor.org [PDF]
- Odd-lot trading in US equities – www.sciencedirect.com [PDF]
- The financial crisis and the systemic failure of the economics profession – www.tandfonline.com [PDF]
