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Month-to-date (MTD) is a period starting at the beginning of the current calendar month and ending on either the current date or the last business day before the current date. Month-to-date is used in many contexts, mainly for recording results of an activity in the time between a date (exclusive, since this day may not yet be "complete") and ...
In finance, date rolling occurs when a payment day or date used to calculate accrued interest falls on a holiday, according to a given business calendar. In this case, the date is moved forward or backward in time such that it falls in a business day, according to the same business calendar. The choice of the date rolling rule is conventional.
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Alternatively, people might specify "noon" or "midnight", after or instead of 12:00. (Business events, which are increasingly scheduled using groupware calendar applications, are less vulnerable to such ambiguity, since the software itself can be modified to take care of the naming conventions.)
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February 8: A Day for Scientific Breakthroughs. On February 8, nearly 200 years apart, two groundbreaking scientific papers were unveiled that dramatically reshaped our comprehension of the world.
If the spot date falls on the last business day of the month in the currency pair then the delivery date is defined by convention to be the last business day of the target month e.g. assuming all days are business days: if spot is at 30 April, a one-month time to expiry will make the delivery date 31 May. This is described as trading "end-end".
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