first notice day

first notice day
According to Chicago Board of Trade rules, the first day on which a notice of intent to deliver a commodity in fulfillment of a given month's futures contract can be made by the clearinghouse to a buyer. The clearinghouse also informs the sellers who they have been matched up with. Chicago Board of Trade glossary
————
Notice of intention to deliver a commodity in fulfillment of an expiring futures contract can be given to the clearinghouse by a seller (and assigned by the clearinghouse to a buyer) no earlier than the first notice day. First notice days differ depending on the commodity. The CENTER ONLINE Futures Glossary
————
The first day, varying by contracts and exchanges, on which notices of intent to deliver actual financial instruments or physical commodities ( physical commodity) against futures are authorized. Bloomberg Financial Dictionary
————
For futures contracts where notice of delivery can be given by the seller before expiry ( expiry date) of the contract, the first day on which such notice can be given. Dresdner Kleinwort Wasserstein financial glossary
————
The first day on which notices of intention to deliver actual commodities against futures market positions can be received. Exchange Handbook Glossary

* * *

   The first date on which the seller of a futures contract is authorized to give notice of intention to deliver actual financial instruments or physical commodities against that futures contract.
   ► See also Futures.

Financial and business terms. 2012.

Игры ⚽ Нужно решить контрольную?

Look at other dictionaries:

  • First Notice Day — The first day that a notice of intent to deliver a commodity can be made by a clearinghouse to a buyer in fulfillment of a given month s futures contract. This day varies by contract and exchange rules …   Investment dictionary

  • First notice day — The first day, varying by contracts and exchanges, on which notices of intent to deliver actual financial instruments or physical commodities against futures are authorized. The New York Times Financial Glossary * * *    The first date on which… …   Financial and business terms

  • first notice day — 1) The date on which a seller in a futures market contract gives notice of an intention to deliver according to the terms of a particular futures contract 2) The date on which the buyer is notified of such an arrangement …   Big dictionary of business and management

  • first intent day — The first day on which a seller can submit to CME Clearing a notice of intent to deliver a commodity against a short futures contract. The first notice day varies with each commodity. Chicago Mercantile Exchange Glossary …   Financial and business terms

  • notice day — According to Chicago Board of Trade rules, the second day of the three day delivery process when the clearing corporation matches the buyer with the oldest reported long position to the delivering seller and notifies both parties. See First… …   Financial and business terms

  • Day v. McDonough — Supreme Court of the United States Argued February 27, 2006 Decided April 25, 2006 …   Wikipedia

  • First TransPennine Express — First TransPennine Express …   Wikipedia

  • notice — no·tice 1 n 1 a: a notification or communication of a fact, claim, demand, or proceeding see also process, service ◇ The requirements of when, how, and what notice must be given to a person are often prescribed by a statute, rule, or contract. b …   Law dictionary

  • First they came... — First they came… is a poem attributed to Pastor Martin Niemöller (1892–1984) about the inactivity of German intellectuals following the Nazi rise to power and the purging of their chosen targets, group after group.HistoryAn early supporter of… …   Wikipedia

  • First Battle of Bull Run — (First Manassas) Part of the American Civil War Fi …   Wikipedia

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”