Notice day

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.

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Part of Speech: noun
Synonym(s):
Blossary:
Industry/Domain: Financial services
Category: Commodity exchange
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Related terms

notice day

Financial services; Commodity exchange

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 ...

notice day

Financial services; General Finance

A day on which notices of intent to deliver pertaining to a specified delivery month may be issued. Related: Delivery notice.

last notice day

Financial services; Commodity exchange

The final day on which notices of intent to deliver on futures contracts may be issued.

first notice day

Financial services; Commodity exchange

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 ...

first notice day

Financial services; General Finance

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.

day

Earth science; Remote sensing

The period of time that it takes for a planet to spin around once, completing one rotation on its axis.

margin

Financial services; Commodity exchange

Financial safeguards to ensure that clearing members (usually companies or corporations) perform on their customers' open futures and options contracts. Clearing margins are ...

back pricing

Financial services; Commodity exchange

Fixing the price of a commodity for which the commitment to purchase has been made in advance. The buyer can fix the price relative to any monthly or periodic delivery using the ...

cost of carry

Financial services; Commodity exchange

For physical commodities such as grains and metals, the cost of storage space, insurance, and finance charges incurred by holding a physical commodity. In interest rate futures ...

carry

Financial services; Commodity exchange

For physical commodities such as grains and metals, the cost of storage space, insurance, and finance charges incurred by holding a physical commodity. In interest rate futures ...

carrying charge

Financial services; Commodity exchange

For physical commodities such as grains and metals, the cost of storage space, insurance, and finance charges incurred by holding a physical commodity. In interest rate futures ...