First Notice Day definition

First Notice Day means the first day on which notices of intent to deliver the commodity in order for the terms of the Futures Contract to be fulfilled are authorized.

First Notice Day means the first day on which a Seller’s Delivery Notice may be given by

First Notice Day means the date specified as such by the Exchange.

Examples of First Notice Day in a sentence

• As the health point of view; traditional healing leads to late and misdiagnosis of disease and delay the treatment resulting to serious complications and death.

• Seller is to make final price fixations or transfer the basis prior to close of market on the third trading day prior to First Notice Day for the December 2018 ICE futures contract.

• Unless otherwise agreed by HSBC Broking Futures, the Customer shall be responsible for off-setting Futures and/or Futures Options before the First Notice Day or Last Trading Day (whichever is earlier), and the Customer shall provide off-setting instructions to HSBC Broking Futures to avoid Physical Delivery by a date, to be determined by HSBC Broking Futures, before the First Notice Day or the Last Trading Day (as the case may be).

• If the contract price is to be established on an exchange of futures, futures shall be exchanged prior to Delivery of the commodity or on the day before the First Notice Day (FND) of the applicable futures month, whichever is earlier, to the nearest futures contract equivalent quantity of the mean contract quantity.

• Assuming storage is constant at $0.00465 per day and there are 61 days that the May wheat contract trades until First Notice Day, this implies that storage expense alone equals $0.2837 per bushel for the May/July wheat contract spread period.

• First Notice Day: The first day on which notices of intent to deliver actual commodities against futures market positions can be received.

• Ethanol Forward Futures’ final settlement day is the First Notice Day for physically delivered Ethanol Futures and the final settlement price will equal the average of the physically delivered futures settlement prices during the last month of trade.

• For the Cotton No. 2 and FCOJ Futures, the Exchange currently publishes a “Duals Report” for each expiring delivery month beginning 10 days before First Notice Day.

• The futures market has a First Notice Day where a buyer can be called upon to take delivery of a commodity.

• The Duplication provision will remain in place until First Notice Day for the May 2015 and July 2015 delivery months for each of these contracts.

More Definitions of First Notice Day

First Notice Day means a date specified in a futures contract after which the contract's owner must take physical delivery of the underlying asset.

First Notice Day means the date one (1) business day prior to the first business day of a delivery month or such other day as the Board of Directors shall determine.

First Notice Day means the date specified as such by the Exchange. "Futures Contract" means the futures contract on Brent crude oil. "Initial Price" means USD 39.53.

First Notice Day means, in relation to Futures dealing, a day designated by an exchange as the first, or the only day on which the buyer of Futures may be notified of the buyer’s obligation to take Physical Delivery of the Underlying Assets.