position day

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Position Day

The day on which the seller of a commodity must inform the buyer of the delivery date of the commodity. This especially applies if the delivery date is different from the first permissible day. On the Chicago Board of Trade, the seller's clearing corporation also must notify the Board of intent to deliver.

position day

The day on which an investor with a short position in a commodity (that is, the investor who must make delivery) declares an intention to make delivery if the day is other than the first day permitted. Compare first position day.
References in periodicals archive ?
June 3, 2014 (KAMPALA) -- A Ugandan minister has relinquished her position days after she was appointed senior director for fragility, conflict and violence at the World Bank late last month.
THE Church in Wales has appointed a passionate advocate of female bishops to a key senior position days after a bid by English Anglicans to ordain women to the episcopate failed.
His endorsement, after months of silence, is a major coup for the former foreign secretary and puts him in pole position days before the ballot papers are sent out.