Intention in Commodities Trading Sample Clauses

Intention in Commodities Trading. All orders for the purchase or sale of commodities are given by the undersigned and executed by you with the understanding that it is the undersigned’s intention, in the case of purchases, to receive delivery of and pay for the physical commodities and, in the case of sales, to deliver the physical commodities. The undersigned acknowledges that the undersigned must advise an account executive of any decision to roll over deliverable futures positions to the next delivery month not less than two days prior to “first notice”; provided that if the undersigned fails to notify you at least two days prior to “first notice day” that the undersigned does not wish the subject position to be rolled over and you have been unsuccessful in your attempt to notify the undersigned, you may, at your discretion - although you are not obligated to do so - roll over the subject position, on behalf (and for the account of) the undersigned, to the next active delivery month then reasonably available for such purposes.
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