Position Day
Definition
According to the Chicago Board of Trade rules, the first day in the process of making or taking delivery of the actual commodity on a futures contract. The clearing firm representing the seller notifies the Board of Trade Clearing Corporation that its short customers want to deliver on a futures contract.
Related Terms Other terms related to 'Position Day' starting with the letter 'P' Primary Market, Producer Price Index PPI, Payment In Kind PIK Program, Price Limit, Price Discovery
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