notice of intention to deliver
- notice of intention to deliver
During the delivery month for a futures contract, the seller initiates the delivery process by submitting a "notice of intention to deliver" to the clearinghouse, which, in turn, notifies the oldest outstanding long of the seller's intentions. If the long does not offset his position, he will be called upon to accept delivery of the goods. The CENTER ONLINE Futures Glossary
Financial and business terms.
2012.
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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 … Financial and business terms
delivery notice — Notification of delivery by the clearinghouse to the buyer. Such notice is initiated by the seller in the form of a Notice of Intention to Deliver. The CENTER ONLINE Futures Glossary The written notice given by the seller of its intention to make … Financial and business terms
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
notice — Information; the result of observation, whether by the senses or the mind; knowledge of the existence of a fact or state of affairs; the means of knowledge. Intelligence by whatever means communicated. Koehn v. Central Nat. Ins. Co. of Omaha, Neb … Black's law dictionary
notice — Information; the result of observation, whether by the senses or the mind; knowledge of the existence of a fact or state of affairs; the means of knowledge. Intelligence by whatever means communicated. Koehn v. Central Nat. Ins. Co. of Omaha, Neb … Black's law dictionary
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
retender — The right of a futures contract holder, who has received a notice of intention to deliver from the clearinghouse, to offer the notice for sale on the open market, thus offsetting his obligation to take delivery under the contract. This… … Financial and business terms
tender — an offer in writing to carry out work, which has been specified by another person. The offer quotes a fixed price, which will be charged for doing the work. Glossary of Business Terms To offer for delivery against futures. Bloomberg Financial… … Financial and business terms
Constructive receipt — Part of a series on Taxation Taxation in the United States … Wikipedia
Wild Card Option — An option associated with treasury bond or treasury note futures contracts that permits the short position to delay the delivery of the underlying. This provision allows the short futures contract holder to announce his or her intention to… … Investment dictionary