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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 fulfilment 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.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Financial services
- Category: Commodity exchange
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