First Notice Day/ Tender Days
Welcome students, today we will be diving into the world of finance and discussing an important term known as First Notice Day or FND. As an investor, it is crucial to understand this concept as it directly impacts your trading strategies and positions in the market. FND is the day after which an investor who has purchased a futures contract may be required to take physical delivery of the contract's underlying commodity. In simpler terms, it is the deadline for fulfilling the contract's obligations.
Now, you may be wondering why this day is so important. Well, let me tell you. As the FND approaches, it can cause fluctuations in the market as investors may adjust their positions to avoid physical delivery. This
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