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 Notice Day. Chicago Board of Trade glossary
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A day on which notices of intent to deliver pertaining to a specified delivery month may be issued. Related: delivery notice. Bloomberg Financial Dictionary
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The day the buyer with the oldest long position is matched with the seller's intent and both parties are notified of delivery obligations. Chicago Mercantile Exchange Glossary
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Any day on which notices of intent to deliver on futures contracts may be issued. Exchange Handbook Glossary

Financial and business terms. 2012.

Look at other dictionaries:

  • Notice day — A day on which notices of intent to deliver pertaining to a specified delivery month may be issued. Related: delivery notice. The New York Times Financial Glossary …   Financial and business terms

  • notice day — The day on which notice must be given that goods will be supplied to fulfil a commodity market contract, rather than having it cancelled out by a matching contract …   Big dictionary of business and management

  • 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

  • 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

  • last notice day — The final day on which notices of intent to deliver on futures contracts may be issued. Exchange Handbook Glossary * * *    The final day for the issuing of notices of intent to deliver against a futures contract.    ► See also Futures …   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

  • 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

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

  • Day labor — is work done where the worker is hired and paid one day at a time, with no promise that more work will be available in the future. It is a form of contingent work. Contents 1 Types 2 In the USA 3 See also 4 Refere …   Wikipedia

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