First Notice Day
Definition
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 clearinghouse to a buyer. The clearinghouse also informs the sellers who they have been matched up with.
Related Terms Other terms related to 'First Notice Day' starting with the letter 'F' Federal Reserve System, Financial Instrument, Federal Housing Administration FHA, Face Value, Financial Analysis Auditing Compliance Tracking System FACTS
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