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
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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
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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
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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
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The first day on which notices of intention to deliver actual commodities against futures market positions can be received. Exchange Handbook Glossary

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   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.

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