Commodity exchange

Commodity exchange

Industry: Financial services

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Commodity exchange

contract grades

Financial services; Commodity exchange

The standard grades of commodities or instruments listed in the rules of the exchanges that must be met when delivering cash commodities against futures contracts. Grades are often accompanied by a ...

deliverable grades

Financial services; Commodity exchange

delivery day

Financial services; Commodity exchange

The third day in the delivery process at the Chicago Board of Trade, when the buyer's clearing firm presents the delivery notice with a certified check for the amount due at the office of the ...

negative carry

Financial services; Commodity exchange

The cost of financing a financial instrument (the short-term rate of interest), when the cost is above the current return of the financial instrument. See Carrying Charges and Positive Carry.

delivery date

Financial services; Commodity exchange

The date on which the commodity or instrument of delivery must be delivered to fulfill the terms of a contract.

limit only

Financial services; Commodity exchange

The definite price stated by a customer to a broker restricting the execution of an order to buy for not more than, or to sell for not less than, the stated price.