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.
Notice of intention to deliver a commodity in fulfilment of an expiring futures contract can be given to the clearing house by a seller (and assigned by the clearing house to a buyer) no earlier than the first notice day. First notice days differ depending on the commodity.
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.
notice of intention to deliver a commodity in fulfilment of an expiring futures contract can be given to the clearing house by a seller (and assigned by the clearing house to a buyer) no earlier than the first notice day. first notice days differ depending on the commodity.
First notice day