What are the last trading day and first notice day for futures?
Last Trading Day
Refers to the last date on which a futures contract can be traded in the market. Usually, after the settlement of that day, the delivery process begins.
Since BiyaPay does not support physical delivery, to avoid delivery risks:
For physical delivery contracts, the platform may execute forced liquidation on open positions starting from the 7th calendar day before the last trading day.
For cash delivery contracts, positions can be held until after the close of the last trading day. The exchange will conduct cash delivery at the settlement price, and the corresponding funds will be credited to your account balance. Please note that due to clearing house processing procedures, there may be some delay in fund arrival. Please refer to actual account changes.
First Notice Day
Refers to the earliest date on which the seller can issue a physical delivery notice to the buyer in certain futures contracts that support physical delivery.
Since BiyaPay does not support physical delivery, to avoid delivery risks:
The platform may execute forced liquidation on open contracts that may involve physical delivery starting from the 7th calendar day before the first notice day.
How to View Last Trading Day and First Notice Day on the App:
You can view the last trading day and first notice day in [Contract Information].
How to View Last Trading Day and First Notice Day on the Web:
You can view the last trading day and first notice day in [Contract Information].
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