First Notice Day definition

First Notice Day means the first day on which notices of intent to deliver the commodity in order for the terms of the Futures Contract to be fulfilled are authorized.

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First Notice Day means the first day on which a Seller’s Delivery Notice may be given by

First Notice Day means a date specified in a futures contract after which the contract's owner must take physical delivery of the underlying asset.

Examples of First Notice Day in a sentence

If the contracted quantity has a tolerance and the contractual Chicago Board of Trade month is already on its delivery period (between the First Notice Day and Last Trading Day) then the final settlement of such over/under fill must be based on the next Chicago Board of Trade month, at par/plus/less the original FOB premium corrected by the Chicago Board of Trade spread established basis, the settlement price 2 business days prior to the first notice day of the contractual Chicago Board of Trade month.
If the contract price is to be established on an exchange of futures, futures shall be exchanged prior to Delivery of the commodity or on the day before the First Notice Day (FND) of the applicable futures month, whichever is earlier, to the nearest futures contract equivalent quantity of the mean contract quantity.
Seller is to make final price fixations or transfer the basis prior to close of market on the third trading day prior to First Notice Day for the December 2018 ICE futures contract.
You are required to close or roll your long positions to the next active month the day before the First Notice Day, and you are required to close or roll your short positions the day before the Last Trading Day (the day on which trading ceases in a futures contract for a particular contract month).
First Notice Day is the date on which the owner of an expired futures contract can take physical delivery of its underlying commodity.
You are required to close or roll your long positions to the next active month the day before the First Notice Day, and you are required to close or roll your short positions the day before the Last Trading Day.

More Definitions of First Notice Day

First Notice Day means the date specified as such by the Exchange.

First Notice Day means the date specified as such by the Exchange. "Futures Contract" means the futures contract on Brent crude oil. "Initial Price" means USD 39.53.

First Notice Day means, in relation to Futures dealing, a day designated by an exchange as the first, or the only day on which the buyer of Futures may be notified of the buyer’s obligation to take Physical Delivery of the Underlying Assets.