- Last Trading Day
- The final day that a futures contract may trade or be closed out before delivery of the underlying asset or cash settlement must occur. By the end of the last trading day, the contract holder must be prepared to accept delivery of the commodity, or settle in cash if the position is not closed.
The holder of a futures contract is obligated to fulfill the terms of the contract, however, in most cases, delivery of the asset underlying the futures contract does not occur, as most investors use futures as a method to hedge or speculate on the underlying asset's price.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
last trading day — According to the Chicago Board of Trade rules, the final day when trading may occur in a given futures or option contract month. Futures contracts outstanding at the end of the last trading day must be settled by delivery of the underlying… … Financial and business terms
Last trading day — The final day under an exchange s rules during which trading may take place in a particular futures or options contract. Contracts outstanding at the end of the last trading day must be settled by delivery of underlying physical commodities or… … Financial and business terms
last trading day — /lɑ:st treɪdɪŋ/ adjective, adverb the last day when Stock Exchange trading takes place in an account, or the last day when futures trading takes place relating to a certain delivery month … Dictionary of banking and finance
last trading day — The last day on which commodity trading for a particular delivery period can be transacted … Big dictionary of business and management
Day trading — This article is about the practice. For the occupation, see Day trader. Day trading refers to the practice of buying and selling financial instruments within the same trading day such that all positions are usually closed before the market close… … Wikipedia
Day care sex abuse hysteria — occurred in the 1980s and early 1990s. [cite news |first= |last= |authorlink= |coauthors= |title=Parole Board recommends Amirault s commutation. |url=http://www.truthinjustice.org/amirault.htm |format=courtesy link from Truth in Justice|quote=The … Wikipedia
Last Dance — «Last Dance» Sencillo de Donna Summer del álbum Thank God It s Friday Lado B «With Your Love» Publicación 1978 Formato 7 , 12 Grabación 197 … Wikipedia Español
Day 39 — In the context of UK takeovers, the last day for the release of new information, such as trading results, by the target. Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010 … Law dictionary
Day count convention — In finance, a day count convention determines how interest accrues over time for a variety of investments, including bonds, notes, loans, mortgages, medium term notes, swaps, and forward rate agreements (FRAs). This determines the amount… … Wikipedia
Trading Desk — A desk where transactions for buying and selling securities occur. Trading desks can be found in most organizations (banks, finance companies, etc.) involved in trading investment instruments such as equities, fixed income securities, futures,… … Investment dictionary