Options and FuturesOut-of-the-Money Option Price Limit Vertical Spread Supply, Law of Performance Bond Margin Option Writer
First Notice Day
In the world of finance, it is important to understand the rules and regulations set by governing bodies such as the Chicago Board of Trade. One such rule to be aware of is the first notice day, which marks the first day on which a buyer can be notified of their intent to fulfill a futures contract by delivering a specific commodity. This notification is facilitated by the clearinghouse, who also informs the sellers of their matched buyers.
Related terms
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