first notice day

Definition of "first notice day"
  1. The initial day that notifications of the intention to deliver physical commodities for futures market positions can be accepted, which can differ between commodities and exchanges
How to use "first notice day" in a sentence
  1. The first notice day was upon them and traders prepared for the possibility of delivery.
  2. The prospect of actual deliveries loomed as the first notice day for commodity futures approached.
  3. The exchange sent out reminders leading up to the first notice day for upcoming futures contracts.

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