The last day on which notices of intent to deliver on futures may be issued. On this day, which occurs in the delivery month in which the contract expires, a clearing house typically informs an investor/ trader of its intention to make delivery of a commodity underlying a futures contract that the investor/ trader had taken a long position in.
This date may be stated in the contract itself. However, this date may also be determined subject to the rules of a given exchange and/ or a clearing house.
