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First Notice Day

   Also found in: Acronyms 0.01 sec.
First notice day
The first day, varying by contracts and exchanges, on which notices of intent to deliver actual financial instruments or physical commodities against futures are authorized.

First Notice Day
The first day on which a clearing house may inform an investor that it intends to make delivery of a commodity that the investor previously bought in a futures contract. The date is governed by the rules of different exchanges and clearing houses, but may also be stated in the futures contract itself. It also occurs in the delivery month in which the contract expires.


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Finally, the frenzied spot business, if it fills the summer needs of the big roasters before first notice day, could abate as suddenly as it started, triggering a toppling over the market's current levels.
Last Trading Day: The last day of trading will be the last Friday which precedes by at least five business days, the first notice day for the corresponding shrimp futures contract.
 
 
 
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