last notice day(redirected from Last Notice Days)
Last Notice Day
The last 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 occurs in the delivery month in which the contract expires.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
last notice day
The final day to issue a notice of intent to deliver on a futures contract.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.