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Username: BobM

Rating:
Guru Stars

Asked to: Chaoxiang Lee

Date Created: 26 Apr 2018
Category 28
Tag Financial
Question Please give the definition of 'Last Trading Day'.
Advice from Guru
Hello BobM,

The last trading day is the final day that a futures contract may trade or be closed out before the 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.

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