Roll Day definition
Roll Day means each of the three Index business Days before the last Index Business Day in each of the months of February, May, August and November in any given year.
Roll Day means any Pricing Day during a Roll Period;
Examples of Roll Day in a sentence
The underlying DX Contracts of the Index are rolled quarterly on the Index Roll Day.
The underlying DX Contracts of the Indexes are rolled quarterly over three consecutive business days starting on the first Index Roll Day.
DX Contracts are rolled on each Index Roll Day as follows: • On each Index Roll Day, 1/3 of the DX Contracts that will expire on the next IMM Date is sold and positions in the DX Contracts that expire on the IMM Date following the next IMM Date are purchased.